Don't Let The Banks Link Your Properties
When you own more than one property the bank will want to link your properties, and while it is the easy option it is not the best option.
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New Zealand mortgage broker Stuart Wills shares his ideas on this Kiwi Mortgage Man blog. The idea is to share ideas for those looking for finance in New Zealand and home loan advice. Stuart works as an Auckland mortgage broker under the well respected brand; The Mortgage Supply Company. Please read and share.
Kiwis often don’t know where to get help dealing with mortgage arrears.
They are told to speak to their banks, but do not feel comfortable dealing with some credit person that is hidden behind an email address of 0800 number. It’s difficult to know what the banks credit people or hardship teams will do.
You may have recently tried for your mortgage approval and been told that it doesn’t quite work.
Of course that’s not the news that you wanted.
It may have been for a reason, but often those reasons are small and also the banks are changing criteria often.
Maybe it’s time to try again.