FAQ
What Should You Ask a Mortgage Adviser?
When working with a licensed mortgage adviser, it’s important to ensure they fully understand your homeownership goals and financial situation. Asking the right questions helps you make informed decisions while ensuring transparency throughout the process.
How many lenders do you work with?
This helps you understand the range of loan options available to you.
How are you paid?
Advisers in NZ typically receive commissions from lenders, but some situations may involve a fee. A good adviser will disclose this upfront.
What additional costs should I be aware of?
Beyond your deposit, there may be legal fees, valuation costs, or lender-specific charges.
What loan structure is best for me?
Ask about fixed vs. floating rates, loan terms, and repayment flexibility based on your financial goals.
What happens if my circumstances change?
Ensure you understand options like refinancing, early repayments, or financial hardship support.
Information to Share with Your Adviser
Your long-term plans – How long do you expect to stay in the home? Will you need flexibility for future moves?
Planned renovations or upgrades – If you’re considering changes, your adviser can help structure the loan accordingly.
Your financial details – Your income, deposit, expenses, and financial commitments all impact your loan eligibility and structure.