Auckland is a big city, but no matter where you are planning to buy your first home, you are going to need the help of an Auckland mortgage broker from the North Shore to the outskirts of Papakura, you have plenty of property choices to choose from. But, your bigger decision needs to be whether you want to deal with the bank directly, or whether a mortgage broker is going to suit your needs more.
Every person has a unique set of financial circumstances, and it is not always easy to convince a bank that as a first time home owner you are worth taking a risk on. However, an Auckland mortgage broker is not going to be the one making the final decision about whether you are a good financial risk or not. Instead, they are going to take a look at your details, and then decide which products will suit you best. They can provide you with a range of different options, and they may not necessarily be with the same bank. Using their information, you can choose the mortgage product that suits you best, rather than one that the bank says you need to take.
Banks want to sell you their loan products. They do not really care whether the interest rate is right for you, or whether the loan is a good fit for your lifestyle. But, a broker is only going to be looking out for your interests, and not be swayed by the terms of the bank. They know the nuances of the different terms and conditions that are attached to each loan. They know which ones have the least amount of penalties, and which loans have the most amount of flexibility.
A mortgage broker will offer you a personal face when it comes to customer service, even after you have received your mortgage. If you ever have any questions, or wish to sit down in the future and compare the product that you have with others, then a dedicated broker will always have time for you. Circumstances change as life moves on, and a broker knows that a product that suits you now may not be as right for you in the future. However, they know their clients and will always be on hand to provide you with advice that can be trusted and can be relied on.
If you choose to deal directly with the bank, you will be nothing more than an account number. But, when you choose to deal with a broker directly, you are a face and a personality, and your broker will always recognise that so they can do right by you. You have nothing to lose by sitting down with a broker and listening to what they have to say, but you may find that the range of products that they can offer you are far more exciting that what you would get by dealing with just one bank.