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About Us

 

BANK of

MUM & DAD

BANK of MUM and DAD is not a registered bank in New Zealand 

It's one thing to have the numbers, it's how to make the numbers work for you. 

ABOUT US

At ADVOCO Mortgages we eat, sleep and breathe bank mortgage policy - so we can provide you with the best mortgage advice and solutions for your mortgage. 

We help with the whole mortgage process from assessment, approval and settlement using our 6 Step Advice Process – so you get to celebrate getting the keys to your new home without the stress and hassle...let us worry about the mortgage.

Since 2001, we've helped first home buyers, those moving up the property ladder, refinancing for better rates and service, debt consolidation of high interest loans, second mortgages, mortgage arrears and mortgagee sales ... simply put, we can help with everything and anything to do with a mortgage - You can trust us to work with your "Bank of Mum and Dad" to get you into your first home  - Let us be your advocate.

Modern Neighborhood

WAYS BANK OF MUM & DAD CAN GIVE

DEED OF GIFT

A Deed of Gift is a legal document that transfers ownership of a gift from one person (the donor) to another person (the donee). It is often used to give away personal property such as cash to buy property. A Deed of Gift establishes a clear record of the transfer of ownership and can be used to avoid disputes in the future.  - more...

DEED OF ACKNOWLEDGEMENT OF DEBT

A Deed of Acknowledgement of Debt is a legal document that acknowledges a debt owed by one party (the debtor/borrower) to another party (the creditor/lender). This document is often used when a debtor and agrees to pay back the debt in a lump sum on the sale of the property.  - more...

FAMILY LOAN

A family loan is a loan that is provided by one family member to another. This type of loan can be used for financing a home purchase.

Family loans can have advantages over traditional loans from financial institutions. For example, they may have lower interest rates or more flexible repayment terms. Additionally, family members may be more willing to lend money without requiring a credit check or collateral.

In some cases some the parents may take a shareholding in the property and any future capital gain.  - more...

EARLY INHERITANCE

An early inheritance is when a person chooses to give a portion of their inheritance to their heirs before their death. This can be done for the purchase of property and use a Deed of Gift or Deed of Acknowledgement of Debt to document the transfer of assets.

There are several ways to provide an early inheritance, including gifting money or property, creating a trust, or transferring assets through joint ownership.

 

However, it is important to carefully consider the potential financial and tax implications of an early inheritance, as well as the potential impact on family dynamics and relationships.  - more...

INDEPENDENT LEGAL ADVICE

Legal advice is guidance or recommendations provided by a qualified legal professional, such as a lawyer or an solicitor, on matters related to the law. Legal advice can cover a wide range of issues, including personal matters such as family law or estate planning, as well as business matters such as contracts or intellectual property.

Legal advice can help individuals or businesses understand their legal rights and obligations, as well as the potential risks and consequences of various actions. Legal advice can also help individuals or businesses navigate complex legal processes, such as litigation or dispute resolution.

All parties of any transactions involving BOMAD should obtain independent legal advice.  - more...

TESTIMONIALS

Testimonials

My family and I approached Steve McGowan in 2009 because we were on the verge of losing our home. For sale signs were up on our lawn, our mortgage payments were nearly twice the amount of a normal mortgage and we also had to deal with an ex "cowboy" broker. Most of the brokers we approached earlier turned their back on us and said our situation was too difficult to help. However, Steve McGowan thought otherwise.

My family and I approached Steve McGowan in 2009 because we were on the verge of losing our home. For sale signs were up on our lawn, our mortgage payments were nearly twice the amount of a normal mortgage and we also had to deal with an ex "cowboy" broker. Most of the brokers we approached earlier turned their back on us and said our situation was too difficult to help. However, Steve McGowan thought otherwise.

 

Steve helped us with his professional finance knowledge and banking experience as well as his hard determination. He managed to not only get us a fantastic mortgage loan with excellent rates but also assist in taking down a "cowboy" broker. My family were grateful for his advice, effort, and support.

 

I highly recommend Steve McGowan from Advoco services when you’re stuck in a huge financial rut or just need a little financial advice. No matter how big a problem, he'll be there to help.

 

Thanks again Steve.....you're THE MAN.

Don Makalena

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