Mortgages
Financial Hardship
At Better Loans Group, we understand that life can present unexpected challenges that may impact your financial stability. Our Financial Hardship Assistance service is designed to provide support and guidance to help you navigate through difficult circumstances and regain your financial footing.
Although having debt can keep you up at night, there is still hope! We provide guidance on effective budgeting strategies to help you manage your expenses and regain control of your finances. Our team can assist in negotiating new payment plans with lenders or creditors to alleviate financial pressures.
Taking prompt action and getting professional guidance is essential, regardless of whether your debt is the result of transient setbacks, mortgage arrears, or cash flow issues.
We recognize that managing the transition between two properties requires expertise and personalized service. Our Bridging Loan services are designed to provide the financial support you need to confidently move forward with your next home purchase, ensuring a smooth and stress-free experience. Whether you are upgrading to a larger home, downsizing, or simply relocating, we have the right solution for you.
Why Choose us ?
- Comprehensive Home Loan Solutions
- Personalized Loan Consultation
- Exceptional Customer Service
- Competitive Rates and Flexible Terms
Cost
of Work
The deposit required for a build and development project typically varies but generally falls withing the range of 10-20% of the total project cost. The amount may be influenced by factors such as the type of loan, your financial circumstances, and the lender’s requirements. Your Mortgage Supply Co adviser will assess your situation and help you determine the appropriate deposit amount to secure financing for your project.
Yes, many lenders offer interest-only payment options during the construction phase of your build and development project. This allows you to manage your cash flow more effectively by only paying the interest on the loan until the construction is complete.
Once the build is finished, your loan will transition to principle and interest payments. Your Mortgage Supply Co adviser can discuss this option with you and help you choose the repayment structure that best suits your financial situation
It’s essential to have adequate insurance coverage throughout the build and development process to protect your investment and mitigate risks. This may include construction insurance to cover damage or theft during the building phase, homeowners insurance to protect your property once construction is complete, and liability insurance to safeguard against any accidents or injuries on the construction site. Your Insurance Supply Co adviser can recommend suitable insurance options tailored to your project’s needs and requirements.
Connect with a Trusted Local Advisor
Call expert
0800 DR LOAN (375 626)
Write email
info@betterloansgroup.com
Visit office
P. O. Box 67022
Mount Eden, Auckland,
1349
New Zealand