Mortgage Broker Auckland is a New Zealand owned mortgage advice and brokering service. Our strength is on delivering exactly what our clients need, giving them peace of mind that they got the best available deal in the market. Our head office is in Auckland, but we service clients all over New Zealand.
Why should I use a Mortgage Broker?
Investing in a property is often one of the biggest financial decisions you will make in your life. If anything goes wrong, you can end up owing a lot more money than you are comfortable with. We thrive on supporting you through this process and make sure that you have all the information you need to make wise financial decisions that are going to set you up for long term success. Lenders (Banks) have very different policies so talking with only one or two lenders will only give you a partial picture. We can provide you with a complete overview of your best options available and help you get the most of your available budget. Best of all, our service is 100% Free.
If your service is Free, how do you guys get paid?
Our service is 100% Free for you. But we do benefit from a commission from the lending institution once a mortgage is organised. On standard mortgages we get paid between 0.50% and 0.65% and this varies slightly between lenders.
Can I borrow 100% of my property?
The short answer is No! And this is a good thing. If banks were financing properties with no down deposit, this would be irresponsible and it would fuel to an already hot property market. It would be irresponsible, and we would not advise you to engage in such decision. For young people with no savings, we can advise some options that would involve getting your parents as guarantor or vendor finance. Give us a call to talk more about your options.
I don't have a lot of documents to prove my income, but I know I can make the payments. Can I still finance my property?
There is what is known as Low-documentation (low-doc) mortgages. You may be self employed in a business that uses a lot of cash and you may not be fully able to show bank statements to prove your income. If you sign a declaration of income, it is still possible to get the finance you need, but you can expect to pay a bit more in your interest rates, and you'll only be able to finance up to 65% of your purchase.
Can I buy a property if I am not in New Zealand?
Yes. You need to take your documents to the New Zealand Consulate or Embassy or a public notary. You can do this from any country where you might be. Non New Zealand residents can borrow up to 80% of the property value. If you choose to partner with us through this process, we will look after you from beginning to end. We facilitate every aspect of buying a property, such as dealing with lawyers, arranging property inspections, valuations, and every bit of paperwork that might be required.
The Mortgage Broker - Where mortgages are only the beginning
2 Douglas Road, Mt Eden, AK 1024
0800 753 027