What does a mortgage advisor actually do? (+ why it could save you thousands)

If you’ve ever wondered what a mortgage advisor really does and whether you need one, you’re not alone!

When you’re new to the mortgage game, the concept of a mortgage advisor probably seems a bit foreign or mysterious, just like the rest of the process!

Here’s the thing; a good mortgage advisor is a bit like having a personal guide through the home loan journey, someone that’s on your team, advocating for you, demystifying the jargon and supporting you every step along the way.

Sounds pretty good, right? Let’s break it down to help you make a decision that’s right for you before you proceed.

We work for you, not the bank.

If you choose to go directly to the bank for a home loan, you’re limited to what that one bank offers. Mortgage advisors have the benefit of working with multiple lenders, acting as the go-between to compare options to find one that suits you and your situation perfectly.

We ask you all the questions, learn about your goals, and match you with the most suitable lender.

We handle the paperwork and negotiating.

Let’s be honest, applying for a mortgage can feel like navigating a whole new world; with so many new terms and processes and SO MUCH PAPERWORK. We can take that all off your plate because we get mortgages every day of the week - it’s our speciality!

We help you gather all your financial info, advise you on how to improve your application, package it up and present it in the best possible light to the banks, then staying with you through the whole process; advocating for you and supporting you.

If something’s not quite right for the bank, we’ll look for ways to overcome any issues to keep you on track to your goal.

We can save you time and stress.

Getting a mortgage usually comes with a whole lot of admin - calling around and contacting different banks, filling out all the paperwork - it can be like a full time job to get it right! Having a broker saves hours of admin and all the stress of having to navigate the process on your own!

We can help you understand your numbers so you know that you’re making the right choice for your circumstances and your future.

A good broker doesn’t just aim to get you a mortgage no matter what - we take a holistic look at your circumstances, your short term goals, your long term goals, and weigh all of it up to help you get a loan that actually works with your lifestyle. We want to help you see things clearly and truly understand the numbers, so you can make realistic, educated decisions and be confident that you’re moving in the right direction.

We’re with you for the long haul.

Here at CLAY, our relationship doesn’t end as soon as you get your mortgage.

We’re with you all the way, making sure you’re always getting the best rates, and helping you plan for the next big step; whether that’s assisting you to restructure your loan, to buy an investment property or a holiday home, or if you want to figure out how to pay off your loan faster. Life changes, and we’ll be here for it!

We don’t cost a thing.

In New Zealand, mortgage brokers are paid a commission by the lender when your loan goes through. That means you get all the support and advice at no cost to you. And because we’re not tied to any one bank, all our advice is independent and unbiased - we genuinely want what’s best for you!

Still not sure if you need an advisor?

Let’s chat! We can talk through where you’re at to help you make a decision and also to decide whether CLAY is the right fit for you. You can get in touch with our team here for a no obligation chat!