Boost for home buyers after bank partners with mortgage broker

KINA Bank has partnered with the country’s first mortgage broker, Asigau Mortgage Brokers, to make the process of finding and applying for a new home loan as simple as possible for customers.
In a statement released by the bank yesterday, it said the broker offered customers independent expert advice on the best home loans and explained all options and would do most of the paperwork.
It said buying a home could be a complex process to navigate, especially for first-time home buyers.
This new partnership removes many of the pain-points customers may experience.
Asigau operates as an intermediary institution, liaising with banks on the customer’s behalf.
Customers can expect to be guided by Asigau each step of the way through the process from the enquiry stage all the way to completion.
Customers can also expect to be helped from assessing equity, compiling a financial history, sourcing and completing the relevant paperwork.
It means that when a customer’s home application arrives at the bank, it is accurate and complete.
The bank said the benefits of this partnership was clear: the approvals process was quicker and it minimised any re-work so it (Kina Bank) could help customers into their homes faster and more efficiently.
Kina Bank executive general manager for advisory services and wealth management Deepak Gupta said: “We’re delighted to partner with PNG’s first mortgage broker to help home buyers move into their new home quickly and without stress.
“Mortgage brokers internationally are a significant part of the home loan application process and this partnership will significantly improve the customer experience.
“Asigau will provide access to a service offering loan applicants independent advice, counsel and support such as compiling financial history to gathering and submitting all important paperwork.
“We’re pleased to be at the forefront of innovation at Kina Bank, introducing new products and services for customers to make banking simple and easily accessible.”