First home buyer? Refinancing an existing mortgage? Moving up? Extending your own property? Buying an investment property? A bach? Whichever the case, we have your back. Each situation is unique, as well as your financial goals and situation, so we will work with you through the process and help you achieve your goals.
Competitive rates on all loan programs
We will fight for you! We will go to the banks and get you the best possible rates, the ones that they wouldn't just give to anyone if they don't really put up a good case.
We are specialists in getting you the best Mortgage Deal
There is no one-size-fits-all lender. Each individual, couple or family is unique and your mortgage needs are different from everyone else's. This is why we will work with you to find out exactly which mortgage structure is the most optimal for you, and based on that we will go to market and find you the best deal.
With over 30 years of experience in the Auckland property and mortgage market, mortgagebrokersauckland.net.nz will guide you throughout the process of applying for a mortgage to the most suitable lender or bank depending on your specific situation.
We don't make the process more complex than it should be. We will have an initial friendly consultation with you in which we will find out more about your goals and your finance requirements. With this information in mind, we will get to work and put a plan together for you.
Do you feel like you have a thousand questions? Don't worry you are not alone! Buying a property and applying for a mortgage can feel like an overwhelming thing to do, but there is an answer for every one of your questions: read our FAQ page to find out what you need to know.
Want to get going right now? Fill our pre-approval form to give us the information we need about you, and we will get back in touch with you within 2 business days with a proposal for you to get your mortgage approved.
Purchasing your first home can be an extremely satisfying experience, it can however also cause quite a lot of stress. Although there may be a lot of excitement involved in getting into your new home, there are quite a few factors that could cause a lot of tension. Keep in mind that for most people, this will be the biggest investment they will ever make so it is a must that an experienced mortgage broker in Auckland helps you find the best available bank rates and make the best financial decision. Planning ahead of time as well as sensible advice can simplify the process.
What You Should Keep In Mind When Talking With Mortgage Brokers
The best Auckland mortgage brokers will help you figure out some of the key questions that may be going through your mind are as follows:
How much deposit is needed?
Who is the best lender?
Should I enlist the help of a Mortgage Adviser?
How much will the repayments be?
Is there anything else I should know?
The requirements for deposit will vary from lender to lender and are usually based on criteria which overtime can change, Although most lenders state that the ideal deposit will be twenty percent of the complete purchase price, there are lenders whose deposits can be as low as ten percent and at times, even lower.
There are times in which lenders will require that at least a portion of the deposit be genuinely saved and can be proven with a minimum history of three months savings, this could be through a bank account of investment which includes KiwiSaver.
If this is the first time you are purchasing a home but have been in KiwiSaver for a time period no shorter than three years, you may be eligible for withdrawal of your KiwiSaver money, with the exception of the $1,000 kickstart. There is also the possibility of being eligible of accessing a KiwiSaver Homestart Grant, these are available from Housing New Zealand. Those who have purchased a home in the past may also, after first applying for approval, be eligible to withdraw from their KiwiSaver as well as for a KiwiSaver Homestart Grant.
There are cases in which someone may qualify as well as benefit from a Welcome Home Loans package where they are able to borrow as much as ninety percent of the complete price of purchase.
There is also the option of using a guarantor who is able to provide security for the amount that must bne borrowed, this generally must be eighty percent of the complete purchase price. The guarantor you choose should be someone you trust, close family preferably and also be in a strong financial position. Before agreeing to acta as your guarantor, it is best that they seek independant legal advice.
The level of deposit that you will need is something that your Mortgage Link Advisor can advise you on.
How Much Will the Repayments Be?
So that you can guarantee that you will not be putting yourself under too much unecessary financial pressure with the purchase of your first home, it is important to know what your repayments will be.
Do not overlook the other expenses that go hand in hand with owning a home of your own home, for example; repairs and maintenance of the home, home insurance, council rates, life/mortgage repayment insurances, and body corporate fees.
Planning for times in which interest rates may increase, for a decrease in your income, starting a family etc. are all important as well.
You can also be advised by your Mortgage Link Advice on mortgage repayments and they can also show you how your mortgage can be paid off faster.
Who Would Be The Best Lender?
One thing that everyone wants to know is which lender or bank offers the best and lowest interest rates. For every situation, the answer will be different and the best person to advise on this would be your Mortgage Adviser, they are the ones that clearly understand your financial situation and the specific requirements.
There are a lot of thing to take into consideration when you are comparing lenders for example, which ones consistently offer competitive interest rates and lower account fees, also who offers the the loan structure that is most suited for you. Most homeowners with a deposit that is low will have to take into consideration any additional costs which will be charged by the lender.
Should I seek out the help of a Mortgage Adviser?
To make sure that the advice you are being provided is the best, you should get the help of a Mortgage Adviser or Broker, registered to practice in NZ, who is able to access to a variety of banks as well as other lenders and who is experienced and knowledgeable enough to help you acquire the best mortgage as well as show you how to properly structure the mortgage so it can be payed off faster.
A good mortgage adviser will also be able to assist you in the entire process of purchasing your own home.
Is There Anything Else I Should Know?
Purchasing your first home or refinancing your mortgage can be a stressful event, in order to make sure that process is as simple as possible, you should work with your Mortgage Adviser.
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The Mortgage Broker - Where mortgages are only the beginning
2 Douglas Road, Mt Eden, AK 1024
0800 753 027