Mortgage Broker FAQ - Greenlight Mortgages | Vanessa Belton

FAQ

Why Use a Mortgage Broker?

Mortgages are complex and there are many different types of home loans available from a large number of competitive lenders. There are many things to consider including interest rates, payment terms, flexibility, hidden costs and fees etc. Greenlight Mortgages can help you choose a home loan that is suitable and appropriate to your personal circumstances. Greenlight Mortgages is familiar with the different lenders, loan products available and the bank’s requirements. By doing the leg work for you a mortgage broker can also save you considerable time.

Greenlight Mortgages deals directly with the people in the banks making the lending decisions. A broker can help you to package up your application and present it the way banks want to see it. This helps to increase your chances of getting the finance you want. Because we are experts in our field Greenlight Mortgages can offer free impartial advice and will also negotiate discounted rates and extras you wouldn't expect to receive from lenders if you did the hard yards yourself.

Who Pays a Mortgage Broker?

Generally the lender or bank pays the mortgage Broker for arranging the loan with the borrower.
The only time you'll be charged a fee for our services is if the lender will not pay us directly for what we are doing for you.
This happens in some cases, and will always discuss a fee upfront and mutually agree this in advance.

Why choose a mortgage broker who is a member of the Financial Advice New Zealand?

Greenlight Mortgages is proud to be a member of Financial Advice New Zealand (FANZ).
FANZ members act independently of any lender and have relevant and current experience having passed appropriate qualifications. They have to have at least $2 million in Professional indemnity insurance cover, have an acceptable personal record and have completed an approved training program. All FANZ members also represent a minimum of six different lenders. In the case that something goes wrong you will also have a point of contact to make a complaint as FANZ members must follow the FANZ Code of Ethics. For more information see the FANZ website

If the banks pay Greenlight Mortgages a commission is this then added on to the cost of our loan?

No... The lenders that use our service do so as we are another channel from which they obtain business as is as a bank branch or mobile manager. The cost of obtaining business from Greenlight Mortgages is comparable to the other channels the banks choose to use. For this reason it will cost you no more use us.

What's the difference between fixed and floating rates?

Most lenders will offer both fixed and floating interest rates. If you take a loan which has a floating interest rate it is likely the amount you have to pay back will change from time to time or when your lender changes its current floating interest rate. If you take a fixed rate your repayments will be the same for the term of that fixed rate. Lenders will generally offer fixed rate terms from 6 months to 5 years. Floating rates are more flexible than fixed rates and can be repaid at any time without penalty fees charged. The rate type best for you will depend on your situation.

At Greenlight Mortgages we can advise you on the best way to structure your loan.

Let's Save you Money, Time & Stress 

Contact me, Vanessa, today.

Available 7 days, 8.30-8.30.

Wondering how the conversation might flow? Click below for an outline of the unique Greenlight Comprehensive Consultation Process:


Your Place or Online

Mobile Service - Warkworth to Papakura

Video Conference Service - Nationwide

Let's Save you
Money, Time & Stress 

Contact me, Vanessa, today.

Available 7 days, 8.30-8.30.

Wondering how the conversation might flow? Click below for an outline of the unique Greenlight Process:

Working Together -
Your Place or Online 

Mobile Service - Warkworth to Papakura

Video Conference Service - Nationwide

I have great partnerships with these lenders. Through those strong relationships I can get the best results for you.

Copyright text 2018 by Greenlight Mortgages, 27 Zanders Road, Waimauku, 0882

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I have great partnerships with these lenders. Through those strong relationships I can get the best results for you.

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Copyright text 2018 by Greenlight Mortgages, 27 Zanders Road, Waimauku, 0882

 Privacy Policy | Website by UpSurge

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