Why it pays to get good advice

Finding the right information isn’t always easy but, when it comes to your finances, it’s important.

Whether you’re looking to break into the property market or simply need information on your borrowing options it’s really important that you seek good advice before making any major decisions.

Unfortunately, it can sometimes be difficult to discern the good from the bad when it comes to working out the finance options that suit you. This is where a Mike Pero mortgage broker can help, so you don’t have to navigate through the maze of information all on your own.

So, when should you seek advice? Here are a few situations where the services of a mortgage broker may be particularly useful.

So you’re……

Wondering where to go if you have imperfect credit

Don’t assume just because you don’t have a squeaky clean credit history that it’s the end of the line for you when it comes to borrowing. Some lenders are far more open-minded when it comes to assessing your financial past. The key is knowing who to speak to.

At Mike Pero, we understand that life has its ups and downs and this can have an impact on your credit history. That’s why we work with applicants to come up with tailored solutions to try to suit each individual’s needs.

To find out more about our ‘out of the box’ loans click here

If you’re unsure what your credit history might look like it’s a good idea to find out before you apply for credit. If you want to know more about this read ‘It’s important to know what’s in your credit file – do you know what’s in yours?’

For more information on how your credit history might impact your borrowing options and the solutions available get in touch with a Mike Pero adviser here.

Looking to break into the property market

Saving a 20 per cent deposit to enter the property market can be a daunting prospect. The good news is that some lenders are quite flexible when it comes to the source of funds they will accept as a deposit - that’s why finding the right lender is important.

So whatever your situation: whether you have a deposit, funds from an inheritance or gift, impaired credit or less than six months PAYE employment history, speak to a Mike Pero Adviser about the options available to you.

Ready to invest but unsure what deposit you require?

With the recent restrictions to loan-to-value ratios imposed on the big banks you might be wondering how much of a deposit you may require. The good news is that there are smaller lenders out there offering loans with lower deposit requirements than the banks.

So, what’s the next step? The answer is simple: seek good advice from someone with the right experience and knowledge – like a Mike Pero Adviser.

A Mike Pero Adviser will guide you through the different options available to you based on your specific requirements. To get in contact today click here.

To read more about the Reserve Bank of New Zealand’s recent LVR restrictions read ‘Property buyers still have options when it comes to getting finance’.

Regardless of your financial position, speaking with an expert about the property landscape and getting as much information as possible about your options is always a good idea. Knowledge is power so get in touch with a Mike Pero Adviser today to get one step closer to achieving your property ownership dreams.


Mike Pero (New Zealand) Ltd Copyright © 2020 All rights reserved | Lending and policy criteria and terms and conditions apply. Content on this website is general in nature and is not a recommendation, opinion or guidance to any individuals in relation to acquiring or disposing of a financial product. Readers should not rely on this content and should always seek specific financial advice appropriate to their own individual circumstances.