A mortgage broker is someone who works separately from banks and other financial institution. They work with people who require finance (you) and possible lenders (the banks) to obtain a mortgage.

It does not cost anything to use our services, unless it is agreed upon at the initial stage due to the complexity of the client situation. We receive a commission from the lenders upon the loan settled.

While applying for a loan there are a lot of things that need to be done like collecting documents, reading the fine print and dealing with the banks. If you hire a mortgage broker you an leave it onto us to tell you exactly what documents are required and to deal with the banks while you can spend your valuable time in looking for your dream property. Moreover, we will come to you at time and place convenient to you and we are qualified and have experience of handling hundreds of applications.

Yes. Each bank has different criteria on how they approve your loan. If you do not meet the criteria for one bank you may be eligible for another bank and that is where a mortgage advisor can be useful. we are aware about what the banks requirements are to give someone a loan so we can tell you which bank will more likely approve your loan application.

This is a very good question but the answer is no. This is because the bank will only look at your current financial situation and depending on that they give you the deal they have on offer or they may even reject your application. If we assume that they do offer you a deal that may not be your best option as there may be another bank that may be able to give you a better deal. This is where a mortgage broker is helpful. Mortgage brokers have links to not just one but many banks and financial institutions, therefore they would be able to review the deals of different banks and tell you the best option.

Welcome Home Loan scheme is a government initiative to help first home buyers to get loan with 10% deposit. These loans are underwritten by Housing New Zealand HNZC and under this initiative first home buyers have better chance of approval and they can enjoy better terms.

You may be eligible for Kiwisaver withdrawal and First home grant of up to $20,000. For any further queries feel free to contact us.

A good broker will get you the best loan terms possible for your loan. They are tied to many banks so they can look at all the different deals on offer and find the one that is the best option for you to meet your goals.

• Best possible interest rates to reduce your repayments
• Loan structure and terms best suitable to your current financial situation and future objective and goals
• Paying off the loan as quickly as possible
• Using a home loan to finance other purchases
• Making sure you get enough money for what you want to purchase

Both fixed interest rate and floating interest rates have their advantages and disadvantages.

Main advantage of fixed rate is that it protects borrower from sudden and considerable Increase in Interest rate and provide certainty. Fixed rate loans are comparatively easy to understand and manage and mostly interest rate is much lower.Main limitation is the lack of flexibility and risk is that borrower will miss out the benefit of falling Interest rate. You may incur a break costin case of early repayment.

Main benefit of floating or variable rate is the flexibility. Borrower can pay part orfull loan repayment without any break cost involved and can be benefitted in falling interest rate scenario. As for the disadvantages, usually variable rates are more expensive than fixed rates and not veryeasy to understand and manage. No protection in the case of upward movement of market Interest rate.

But you need not worry about the fixed or floating and we can help you with reaching at a decision after assessing your situation. Most cases, it is better to have both the options.

If you have a question that is not answered here then feel free to contact us anytime call, email, text us or fill in contact us page on our website and we will be happy to answer those queries.