FAQs
Below you’ll find some answers to the questions we get asked the most about Mortgage and Insurance Link, Hawkes Bay. Visit the Mortgage page for your mortgage related questions and the Insurance page for any questions you have about insurance.
If you can’t find the answer to your question, please get in touch, we would be happy to help you.
Mortgage and Insurance Link Hawke’s Bay is locally owned and operated and we have a team of Financial Advisers who can help you, not matter your situation.
- We are in the business of helping people.
- We provide you with professional financial advice on all the options for your mortgage and insurance needs.
Mortgage Advisers:
- We assist you to work out how much you can afford to borrow for your mortgage and the best repayment options.
- We will explain the pitfalls, interpret the fine print and fill out the forms for you.
- We work with a wide range of lenders, including major banks.
- We negotiate with the lenders and work to get the right mortgage for your needs.
- We liaise with the other professionals such as your Solicitor and Accountant.
- We remain available to help you with any loan queries you may have in the future.
In short, we do the hard work for you, without the worry. We can save you time and money and there is no extra cost for our service.
Mortgage Link advisers have the knowledge, buying power, negotiating skills, patience and the experience to shop around on your behalf. Whilst we cannot tap that “crystal ball” we can tell you what is forecasted by the experts.
Although the loan is intended to be lifelong and you are not required to make any payments during the life of the loan, you can choose to repay all or part of the loan at any time.
Yes, so long as you meet lending criteria at the time – but you must tell us in advance so we can arrange for your new property to be valued.
Usually the loan is repaid from the sale proceeds of your home. The loan become repayable when you move permanently from your home – usually when you pass away, or move into long-term care.
You can apply to borrow more at any time, subject to lending criteria.
You always own your home, and can live there for as long as you choose.
When purchasing a house or investment property, getting insurance cover like life insurance or trauma insurance, there is no extra cost for the advice to you the client. The lender or insurance company that you choose pays us for successful applications. If we do need to charge a fee for any reason, you will be advised before we begin any work for you.
The mortgage lenders pay us for the work we do in preparing loan applications and providing accurate information. The lenders do not charge clients extra for using a mortgage adviser – in fact some lenders give clients of ours better deals than they would get directly. There are no hidden costs.