Finance

Buying a home in 2025? Benefits of a Financial Adviser vs. going direct to the bank.

Written by Admin | May 11, 2025 11:32:41 PM
  1. Access to a Wide Range of Lenders & Products

When you go directly to a bank, you’re limited to the mortgage products the bank offers. However, a Financial Adviser works with multiple lenders — including all major NZ banks and non-bank lenders. This means they can present you with a broader range of options that may suit your financial situation better.

More choice means you could potentially find lower interest rates, better terms, or more flexible conditions that save you money in the long run.

  1. Tailored Advice Based on Your Personal Situation

Banks often have a one-size-fits-all approach when offering mortgage solutions. A Financial Adviser, takes the time to understand your unique financial position, goals, and challenges before recommending a solution. They’ll look at:

  • Your income, expenses, and debts
  • Your long-term goals, such as whether you plan to upsize in a few years, want to pay off your mortgage faster or possibly invest in property.
  • Your credit history and the potential to improve it if necessary

By understanding these details, they can suggest mortgage options that are better aligned with your needs and could save you from over-committing financially.

  1. Expert Guidance Through the Entire Process

From pre-approval to settlement day, buying a home involves more than just choosing a mortgage. There are contracts to review, terms to negotiate, and documents to gather. A Financial Adviser doesn’t just help with the mortgage application — they provide ongoing support throughout the entire process, including:

  • Helping you understand your borrowing capacity and how much you can afford.
  • Assisting with any potential credit score issues and helping you improve your chances of approval.
  • Reviewing property appraisals, ensuring that the mortgage aligns with the property’s value and your goals.
  • Answering any questions along the way, from the technicalities of interest rates to settlement timelines.
  1. Help with how to utilise your kiwisaver to buy a first home

Did you know that KiwiSaver can be a valuable tool in buying your first home?

A Financial Adviser will guide you through how to use your KiwiSaver funds to contribute towards your deposit. This can reduce your upfront costs and make purchasing your first home more achievable.

  1. Ongoing Support Post-Purchase

Once you’ve purchased your home, your Financial Adviser can continue to be a valuable resource. They will:

  • Review your mortgage regularly to ensure it’s still the best option as your financial situation evolves.
  • Advise on refinancing options if your circumstances change or if you want to pay off your mortgage faster.
  • Help you understand insurance options for your home and mortgage to protect your finances and investment.
  • Identify when your equity position is sufficient enough to buy an investment property.

Get the Right advise for Your First Home Purchase

Navigating the property market and securing a home loan is one of the most important financial decisions you’ll make. That’s why it’s crucial to have the right advice — not just solely from a bank, but from a dedicated Financial Adviser who can understand your situation and is committed to getting you to your end goals.

Start your home buying journey with expert advice.

We’re here to help. Our Advisers will guide you through the entire home-buying process, from finding the right mortgage to buying your home.

Book a FREE Consultation today and start your journey. Let’s go!
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