If you have a question which you would like answered, and it does not appear below, please feel free to contact us and we will be happy to answer it for you.

The best way to find out how much you can borrow is to get a loan pre-approval, even before you start looking for a property. It's easy and the most stress free way to embark on your property purchase.

Having your loan approved before you find a property not only gives you peace of mind, and a limit to work with, but also gives you the power of a cash buyer, and is a great step toward buying the right house at the right price.

By arranging a loan pre-approval prior to looking for a home you could save a lot of time and money.

You may also wish to use our mortgage calculator to see what your estimated payments might be.

(Prices may vary between Industry Professionals)
Lenders may charge a "Low Equity Premium" or commonly referred to as a “Lenders Mortgage Insurance.” This simply means that if you borrow over 80 percent, most lenders require such an insurance which exclusively covers the lender’s risk.
In most cases this fee may be capitalised to the loan.

A floating rate mortgage permits the lender to adjust the interest rate from time to time during the term of a loan. This means that the borrower pays the mortgage interest rate as it moves up or down based on changes in the market and economy. The mortgage rate generally changes when the Reserve Bank of NZ makes changes to the Official Cash Rate.

If the borrower decides to exercise the interest-only option, the payments will not include principal. The loan balance remains unchanged.

The “interest only” option is often utilised when purchasing a rental property, and do-up properties that are on-sold.

With a capped loan you also have the flexibility to change your payments or to pay all or part of your loan back at any time with no costs to you.

What is a Revolving Credit Loan?

This challenges traditional thinking about home loans which puts financial control into your hands – hence you need to be disciplined, and if you are not disciplined, this loan may not be for you.

This loan combines all your transactional accounts into one i.e. mortgage, cheque and savings. This account often has the same functionality as with normal accounts.

What is a Reverse Equity Mortgage?

A reverse mortgage is an option for the elderly who no longer work yet own their own home. This loan is based on the value of a home, and requires no monthly payments until the owner moves or dies.

A reverse mortgage is relatively painless and requires no income. Borrowers who would not meet the criteria for many other loans would still be able to acquire a reverse mortgage.

The right type of mortgage depends on many factors including;

- Your financial status
- How long you intend to keep your home
- How comfortable you are with your mortgage payments changing periodically
- How you manage risk