When Uncle Bob's BBQ Mortgage Tips Could Cost You Thousands

Ever wondered if that "free" mortgage advice is actually giving you the best deal possible? It's time for some straight talk about why seemingly helpful guidance from banks, family members, and yes—even Uncle Bob at the barbecue—might be silently costing you thousands of dollars over the life of your loan.

Most people don't realise there's a crucial difference between getting general information and receiving truly personalised advice. When you're only seeing options from one lender or working with someone using a limited checklist, you're essentially shopping with blinders on. You might miss out on lower interest rates elsewhere, cashback offers that could put thousands back in your pocket, more flexible loan structures that save interest, or alternative lenders who might approve your application when others won't.

Take "Jess," a recent client who almost settled for her bank's "decent" offer until she sought a second opinion. What we discovered was eye-opening: another lender offering a lower rate, a $3,000 cashback she didn't know she qualified for, and a restructured loan that saved her significant interest over time. This wasn't because anyone gave her "bad" advice initially—it's just that she wasn't seeing the full menu of options tailored specifically to her circumstances.

As a mortgage advisor working across multiple lenders, I've identified five warning signs that you're not getting the complete picture: being shown only one option, unclear explanations about why a structure suits you, no discussion about long-term goals, uncertainty about what happens if your situation changes, and that gut feeling that you could do better. If any of these sound familiar, it might be time for a quick second opinion.

Mortgages represent one of the biggest financial commitments most people will ever make. Shouldn't you explore every avenue to ensure you're making the smartest choice possible? Share this episode with someone who's about to make a significant financial decision—because while free advice is everywhere, truly smart advice that considers your complete financial picture is absolutely priceless.

Send us a text

Support the show

Buy your first home in NZ Weekly Webinars

You thought it's not possible or the dream is too far away? Come to my webinar and I will show you, you are much closer to your dream, than you think you are!

Join Here - https://bit.ly/4m9SL72