If you are in the process of looking to buy a home, you’ll probably find that the process can be quite intimidating at times. Meetings with your mortgage broker in NZ are very important and it’s imperative that you are on the same page. While your mortgage broker in NZ will definitely be asking you some questions, there are some questions that you should be asking them too!
How Much Am I Able to Borrow?
Once the mortgage broker knows how much your deposit is (and if you can pay this cash or not) and how much you make every month, they’ll be able to give you a figure of how much you’ll be able to borrow and this will help you determine your budget for buying a home.
What Fees are Involved?
If the mortgage broker in NZ is charging you additional fees for their services this is something that you should know about and be aware of. So that you can take everything into consideration and budget accordingly.
What Insurance Do I Need?
Before your loan gets approved, you’ll probably need to have certain insurance policies in place to cover the lender in the case of a disaster. Be sure that you are aware of all of these insurance obligations and what insurance provider options you have available to you.
What Are the Different Types of Loan Structures Available to Me?
Before agreeing to a certain loan structure, be fully aware of the different types of loan options and structures that you have available to you. You want something that suits your needs, lifestyle, and budget the best!
What Will Happen if I Sell or Move?
No one can predict the future and if you plan to sell or move before the mortgage is paid off, you should know exactly what the procedure would be, so ensure that you ask this question to your mortgage broker in NZ and don’t settle for vague answers.
What Other Services Can You Offer Me?
Mortgage brokers offer a wide range of services so ask about what else they may be able to provide for you!
Have you been looking for a mortgage broker in NZ but aren’t too sure where to start? Here at Simpler we aim to make your home loan experience as simple and straightforward as possible. Please feel free to get in touch with our expert team today and we can start offering you expert advice today.