We’re delighted to welcome Karen Essex-Mooney from Loan Market NZ to our Bayleys Marlborough Blenheim offices. As a Mortgage Adviser, Karen makes the perfect upstairs neighbour for us. She’s also well-placed for buyers who visit our office and need help with sourcing finance.
Karen has worked as a Mortgage Adviser with solution-based advice for the last 19 years. She is committed to providing professional, easy to understand advice that enables her clients to make informed decisions. Karen has a wealth of industry knowledge and experience to help you know what is affordable when you take your mortgage.
Most people can benefit from Karen’s sage advice. It doesn’t matter whether you are a first time home buyer using Kiwisaver and grants. Or whether you’re looking for funding for ongoing home purchases, or even business lending. Because Karen develops long-standing relationships with her clients, she can help you at every stage of your life. Karen believes making a difference in your life is the best part of her job.
In this article, we thought we’d catch up with Karen so you can understand a little more about what a Mortgage Adviser does. And discover how Karen can help you.
Working with a Mortgage Adviser:
Q: What does a Mortgage Adviser do?
KE-M: In a nutshell, Mortgage Advisers help people understand how much they can borrow across a broad range of lenders. But, it’s not just about interest rates. We look at a bigger picture and give advice on your buying strategy and the banks and products available to you. We can also answer questions throughout the buying process. Assisting with things like organising a registered valuation or a builders report. We will always negotiate the best fees and interest rates on your behalf.
Q: What are the benefits of using your services?
KE-M: Firstly, because we work for our clients, not for a specific lender, there is never a conflict of interest. As a Mortgage Adviser, I’ll look at all of the options that might be available, not just one bank’s product. If you’re new to lending then you may not know the difference between a good loan and a bad loan, so, we help you understand what you are signing up for.
We also make sure that you give a prospective lender the best first impression. You never get more than one chance to make a good first impression. Once the cards are on the table, it is very difficult to pick them up and reshuffle.
Q: Who should consider using your services?
KE-M: Anyone who needs finance to purchase a property. It doesn’t matter whether it’s your first home, an investment property, a holiday house or an upsize on the property ladder. As a Mortgage Adviser, I can help with personal loans for debt consolidation or asset purchases. I can also help businesses who need to secure loans.
Clients can use a Mortgage Adviser to discuss their existing loan structure, even if it was initially set up directly with their bank. When a loan comes off its fixed-rate, I can negotiate a new fixed-rate and term and then send this instruction through to your lender.
Q: Are there charges for using a Mortgage Adviser?
KE-M: Generally speaking, I am paid by the lender and so don’t charge clients a direct fee. However, if you need advice or coaching, I’m happy to provide this at an hourly rate. Mortgage Advisers earn our keep basically on a “no approval, no pay” basis. So, client satisfaction and excellent customer service is the basis for everything I do.
Q: What should people have to hand if they want to work with you?
KE-M: The list is short, but the benefits of working with an adviser are great! Just bring along the following:
- Your income verification or payslips. Or if you are self employed financial data for your business.
- Login details for your banking, inland revenue details, Kiwisaver and pay details.
- Statements and terms of existing debts and loans.
- An understanding of household costs and expenditure.
Q: What are the three most important questions that people should ask their prospective mortgage adviser?
- How much experience do you have?
- What line up of banks and lenders do you have access to?
- Why should I go to you and not just deal with my bank?
To find out more about Karen and what she does, call in and say ‘hi’. You’ll find her in the Bayleys building at 33 Seymour Street in Blenheim. You can also call her on 021 731 048. Or, email Karen HERE.