Rely Mortgages specialise in getting you the best suited finance with the main focus on residential home loans. We aren’t a regular mortgage company, we help our clients throughout the buying process and have a range of contacts at our fingertips to help you from lawyers to building inspectors and valuers to tradesmen.
Andrew Macready of Rely Mortgages, will work with you to find the mortgage that best suits your requirements. He knows what the banks are looking for and works to ensure your application is seen favourably by the banks. Andrew will even work with you to tidy up any accounts if necessary including working with you to reduce any debt to ensure you are approved.
Andrews’ Handy Tips
- The decision to buy a property can be a daunting process and we work with many first time buyers. In order to have a clear indication on what you can spend, it’s a good idea to get pre-approval from the bank before you start looking. The pre-approval is valid for six months giving you more time to find your dream property without worrying about the finance.
- In case you were not aware, the banks will look at your bank statements and how you used your accounts to make sure you lived within the account facilities. So make sure you keep out of unplanned overdraft if you do not have an overdraft facility and make sure you have funds to cover automatic payments in the months leading up to requiring finance.
- Also be aware that the banks will have concerns if you have $10,000 or more of personal debt. Note that this excludes student loans, which have little significance when obtaining a mortgage – these only affect your servicing capability.
- Structure is a key aspect when obtaining finance and Rely Mortgages will help you every step of the way – get this wrong and it can cost you a lot in the long run. This is especially important when getting development finance and weighing up the options between bank and non-bank lenders.
Rely Mortgages specialise in a selection of mortgages, helping clients in New Zealand throughout the process whether you are looking for a residential home loan, an investment loan, a business loan, a commercial property loan, capital equipment finance or business funding.
Everything is taken into consideration, whether you want a principal and interest mortgage, interest only finance, non-bank funding, or you are looking for revolving credit.
Rely Mortgages Process
At Rely Mortgages it’s important to us that you get the best loan possible, we do this through a set process which starts with our initial meeting where we get to fully understand your requirements. We determine your deposit amount and the type of loan you are hoping to achieve.
We then prepare the information you have given to us and for presenting to the banks and look to see which ones have the best deals to suit your needs and situation.
We Help Every Step of the Way
At Rely Mortgages we believe in customer service, we will help you every step of the way and can help with obtaining property reports, reviewing recent sales and area statistics, as well as offering you a guide on price ranges.
We will also assist should you be considering a property available at auction. It is important that you are aware that even if you have pre-approval, you need to have the bank approve a particular property before you put in an offer, and this included purchasing at auction. So make sure you get sign off from the bank prior to auction.
At Rely Mortgages we offer on-going support with interest rates and loan structures ensuring you always have the best possible financing option.