Home LOans
Customers can Mortgage Time for many reasons, whether it be for a first home, or a 5th home, or just to ask questions about the home buying process. Whilst we may not be suitably qualified to answer all questions, we can generally answer them, or direct you to a suitable professional who can.
Below are some examples of why customers use Mortgage Time to help them achieve their goals
Home LOans
Customers can Mortgage Time for many reasons, whether it be for a first home, or a 5th home, or just to ask questions about the home buying process. Whilst we may not be suitably qualified to answer all questions, we can generally answer them, or direct you to a suitable professional who can.
Below are some examples of why customers use Mortgage Time to help them achieve their goals
Getting lending to enable First Home Ownership.
Customers will approach Mortgage Time to help them secure pre-approved lending to help them with a budget that they can then go and look at houses to make an offer on. As every customer has a different circumstance, statement of financial position, and goals, the requirements and needs will differ, however the aim of first home ownership is a all too common need. For a lot of customers, this is the first time they are buying a home, for Mortgage Time, this is not only something Brodie has done over 10 times himself but helped over 500 customers do.
Getting Prepared to get lending to enable First Home Ownership.
Getting Prepared to get lending to enable First Home Ownership.
Some customers need to get themselves ready for first home ownership, and this is sometimes the most important step. Whether it be debt consolidation, deposit / saving advice, or account conduct management, Mortgage Time has helped numerous customers get prepared for first home ownership, and then in the future, helping with getting mortgage lending to buy their first home.
Getting Prepared to get lending to enable First Home Ownership.
Getting Prepared to get lending to enable First Home Ownership.
Some customers need to get themselves ready for first home ownership, and this is sometimes the most important step. Whether it be debt consolidation, deposit / saving advice, or account conduct management, Mortgage Time has helped numerous customers get prepared for first home ownership, and then in the future, helping with getting mortgage lending to buy their first home.
Refinancing your mortgage to another lender / bank
Some customers get their mortgage from a bank that they have been with since a child. This is good at the start, but sometimes the needs of the customers change, and another bank may allow the customer a better product set, more lending, or a better service. Whatever the reason, Mortgage Time can help. There have been several times that the existing bank is the better bank, it’s just that the products or pricing offering has not been communicated to the customers. This is where Mortgage Time can advise the different options, benefits, and costs in moving lenders / banks.
Restructure advice and implementation of the advice
Customers, though lifestyle changes, require a different lending structure to what they initially got when they took out a mortgage. Whilst most banks lend over a 30-year term, customer needs may change, and having a structure conversation with Mortgage Time could save customers both money, and stress. Having money available but not costing them, may mean a good night’s sleep for customers, whilst meaning an opportunity to another.
Getting lending to purchase an Investment Property.
This is generally the customer’s 2nd or 3rd home, but the process is similar, with the only main difference is deciding how to structure the lending, and whether its better to go to a different bank for the new lending. Mortgage Time advisers have the skills and expertise to provide this advice, and where required, can refer you to professionals like accountants, lawyers, and property managers, to help before its too late. Money spent in the initial stages can save more in the long run.
Lending for a New Build Property.
There are different requirements for lending for a new build, with common jargon terms like Turnkey, COC, BRI, Land and Build, Consents, Form 5, and contingency to state a few. Mortgage Time can help explain these terms in a simple example, and ensure that the simple things like ensuring an invoice is paid on time, (once the lender has approved the lending) is done on time, and ensuring the build continues.
Lending for a business or commercial purpose.
Whilst not as common, or regular as the home lending customer, Mortgage Time can help customers with lending to enable a business to be purchased, or a commercial property purchase. Mortgage Time also has access to key commercial lenders and advisers that can help.
Lending for renovations, or a top up to buy a vehicle or another asset
Whilst requiring the same about of work, topping up a mortgage (at lower than personal lending rates) to help pay for a renovation or another asset is a common request. Ensuring you are also taking advantage of any lower interest rate offering (e.g. 1% of healthy homes lending) can mean saving possibly thousands of dollars in interest costs.
Lending to provide a family member with a gift or deed of debt to help them buy a home.
Banks generally have a higher threshold for servicing a loan when a customer has less than 20% deposit. Having a family member able to top up a mortgage to help the family member out is becoming more of an occurrence and option these days. Mortgage Time can help the customer wanting to top up, and the customer want to buy the home. There are several options offered by the lenders, each with pros and cons.
Getting answers to some lending / home ownership questions.
Mortgage Time advisers openly invite customers to contact them with any questions relating to lending and home ownership. Whilst we cant answer all questions, any questions will be answered or given a professional’s details to answer them. Please refer to the FAQ page for some of the most common questions
Please reach out and contact Mortgage time if you need questions answered.
