Meet our Mortgage experts
Alice Ridgen
Nelson Bays
Phil Muir
Nelson Bays
Shane Adamson
NelsonHow can a Mortgage Mentor help?
Having a mortgage is a huge undertaking, but something that you don’t need to do by yourself.
Your Mortgage Mentor is here to help you throughout the process – from the initial loan application to regular check-ins, coaching, and financial planning throughout your mortgage journey. It’s our job to get to know you so that your mortgage structure is personalised to your unique circumstances and goals.
You’ll also get access to NZHL’s unique tools such as DebtNav, to help you track your income, expenses and overall progress, which is key to helping you stay motivated and achieve your goals.
If you’re ready to feel in control of your financial future, book a free chat with a local Nelson mentor.
FAQ’s
How does a broker differ from a mentor?
At its core, the functions of a mortgage broker and a Mortgage Mentor are very similar. As a third party, they help facilitate your loan application and transactions with the lenders. NZHL Mortgage Mentors offer a bespoke service which includes access to financial tracking tools and ongoing mentorship and support that continues long after the application is approved.
What’s the best way to find a broker?
One of the best ways to talk to real estate agents. Most of them will have established relationships with mortgage brokers and will be able to recommend someone suitable. Otherwise, you could search online or talk to a Nelson-based NZHL Mortgage Mentor – book a free chat.
Does using a mortgage broker speed up the process?
You could handle the mortgage application on your own, but working with a mortgage broker or mentor can make the process (before, during, and after) easier and faster. Plus, it’s important to note that they often have access to exclusive deals that aren’t available publicly.
Are there any costs?
When it comes to working with a mortgage broker or mentor, typically there are no costs to the borrower. Mortgage brokers or mentors make their money via a commission or procuration fee from the lenders.
How long does the mortgage application take?
The typical approval time for a mortgage in New Zealand ranges from 2 to 6 weeks, but working with a mortgage broker can shorten this to 2 to 4 weeks. Depending on the time of year and/or how busy the housing market is, timeframes can vary. Talk to your broker to get an estimate view on how long it may take.
What's the right time to talk to a broker or Mentor?
If you’ve got a goal to buy a house, you should talk to a broker right away. It’s never too early to start financially planning and preparing for this big milestone.
Am I allowed to chat to a few brokers?
Yes, you can talk to several brokers at once, but doing so may not improve your chances of securing the mortgage you want. In fact it could potentially hinder your ability to get a mortgage in some cases.
How can I get the best deal from the bank?
To help secure a better interest rate, it’s essential to assess your income and expenses (can you boost your income or reduce your spending?), make sure your credit rating is strong, and carefully evaluate all available options and lenders without rushing the process.
Do you pay a fee to work with an insurance broker?
In New Zealand, insurance brokers typically make an income in two ways: via commissions from insurance companies for placing policies with them, or by charging a pre-agreed fee for their services. Some brokers may charge administration costs.
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