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Mortgage More Than 4%??

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Got an
unexpected
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Bad Credit?

Thinking about building your home?

Getting a mortgage doesn’t
have to be stressful!

Thinking about building your home?

Getting a mortgage
doesn’t have to be
stressful!

Get The Best Mortgage Rates and Friendly Expert Advice, All in One Place

Whether you’re looking to buy your first home, already have a mortgage, or are looking to invest, we’re here to help you through the sometimes quite daunting process of getting a mortgage or refinancing.

We make sure everything is set up correctly, help satisfy the bank’s conditions, and work tirelessly to get you the best mortgage rates and conditions… nothing goes in the too hard basket, that’s a promise!

And the best part? All this at absolutely no cost to you!

That’s right, we don’t charge you for our services, so get in touch and find out how we can save you time, hassle, disappointment and money, while making your house purchase a smooth and seamless process.

The 5 Steps To Getting A Mortgage

We’ll meet and discuss your needs

We’ll go and get approval from the best bank for you

Pre-approval!

We’ll negotiate interest rates and meet to talk about how you’d like to structure your mortgage

You’ve got yourself a house!

Why Mortgage Lab?

Our Services

Need a competent and reliable Mortgage Broker? We’ve got you covered!

worth of mortgages written

(based on expected mortgage volume in 2020)

Let us take the stress out of your next property purchase

You’re so close, you’ve been scouting the property market for months, you’ve been to countless open homes and talked to seemingly every agent in town and now you’re ready, you’ve found it… the one! Your dream home or investment opportunity!

Unfortunately, now comes the hard bit… getting it over the line. You need to tick many boxes and finance approval is one of the big ones.

Our mortgage brokers make sure you get the best deal, minus the hassle

We will walk you through the process of buying your first (or next) property, making sure to provide you with crucial information every step of the way, pulling out all the stops to get you over the line in time so that you don’t miss out on your dream home or investment opportunity.

Some Useful Tools for your Mortgage

I am a middle-aged single female buying a first property in Christchurch post-COVID lock-down; the most difficult market to not only get finance but actually get a property to put an offer on! My excitement quickly turned to agitation, anxiety and straight out confusion.

Lynne was ready, willing and able to get my finance sorted however s…

Lynne Dent

First Home Buyer - T Theyers, Christchurch

Robyn was fantastic! Always available and really responsive. She helped us understand all of our options and was always there to answer all our questions big or small. I would recommend Robyn to anyone and will use her for our future mortgage needs.

Robyn Turner

First Home Buyer - C Beech, Waikato

Karen was really thorough in our initial meeting and kept us well informed along the way! Super friendly and did a great job.

Karen Hyland

New Home - J Chatfield, Auckland

Huriana was incredibly patient and was very professional… my personal situation took a long time to get the end result but we got there all with the wonderful help of Huriana – I am incredibly grateful xx

Huriana Tahere

New Home - J McWhannell, Christchurch

Ruan has been totally awesome, and have highly recommended him to others. Thanks Ruan for all your hard work and getting our approval across the line. You are truely amazing.

Ruan Chryssafis

New Home - B Bright, Tauranga

Lynne is great, she showed me how to manage my finances more effectively and how this affected my application with the bank and went above and beyond to get my loan through for me!

Lynne Dent

First Home Buyer - J Keegan, Christchurch

Amazing every step of the way, no question was too hard and kept us up to date with how everything was going.

Rachel Railey

First Home Buyer - L Fisher, Waikato

Thank you its so easy to deal with you.

Ruan Chryssafis

Top Up - M Farid, Auckland

Kyn is an excellent mortgage broker, he made my first home purchase a breeze. Despite the strict lending criteria (LVR etc.) on low square metre Auckland CBD apartments, Kyn worked really hard to find a finance solution that would work. Would recommend him as a broker and adviser to all. Cheers Kyn.

Kyn Jackson

First Home Buyer - S Sinton, Auckland

Brett was amazing, he really looked after us and made every effort to get us our home loan. I would recommend him any day.

Brett Davies

First Home Buyer - S Vatble, Auckland

Great experience, Lynne found the best mortgage option for me, was so considerate of my situation and kept me informed throughout the process.

Lynne Dent

New Home Purchase - J Rait, Rolleston

A huge thank you to Johnny. My husband and I have been dreaming of owning our own home for years! Johnny delivered on what we had written off as never possible. We have been in our home for two weeks and can’t believe it’s ours. We will never forget Johnny and his hard work getting us over the line….

Johnny Ang

New Home - N Furlong, Auckland

Lynne made the process of refinancing our home loan very easy and straightforward. She was always very easy to get hold of and constantly kept us up to date with the progress of our application. Would definitely use her again and recommend her to others.

Lynne Dent

Refinance - A Kennett, Kaiapoi

Lynne was fantastic to work with, totally honest all the way through and she really understood the way my pay worked (as I am self-employed). I felt that she was totally in my corner all the way through.

Lynne Dent

Refinance - J Denham, Christchurch

Lynne was very helpful, positive, and worked hard to get the best deal for us. She made it possible for us to be able to buy a house much sooner than we expected. She respected our wishes, explained things well, and adapted to the changes necessary with lockdown very well. She always conducted herself p…

Lynne Dent

First Home Buyer - B Dickinson, Invercargill

Lynne was excellent to deal with, very friendly and very knowledgeable. I would recommend her service.

Lynne Dent

First Home Buyer - M Ebsworth, Christchurch

Lynne, was fantastic from start to finish. She took the stress out of buying a house and even helped us look for a house which we now proudly own. Thank you!

Lynne Dent

First Home Buyer - H Patel, Christchurch

Thank you again for the solid advice and finally sorting my KiwiSaver to be far more rewarding. Can’t wait to make more progress with my upcoming new home.

Kyn Jackson

KiwiSaver

Laura was awesome to deal with. She made everything so simple and extremely stress free

Laura Cates

Debt Consolidation - R Farrell, Northland

Keith is absolutely incredible to work with and we could not be happier with the outcomes he’s provided for us. If you are looking for an Adviser who always gets back to you promptly, explains everything clearly and gets you the best deal possible, Keith is the who you are looking for.

Keith Munro

First Home Buyer - S Fourt, Wellington

Awesome work both times we have worked with Sam.

Samuel Eva

Refinance - J Stockley, Auckland

Brett was outstanding to work with, kept me fully informed throughout and constantly went “over and above” to ensure everything went smoothly when purchase was completed.

Brett Davies

Investment Purchase - R Wakelin, Auckland

Made things so much easier and explained each step and processes and each to talk to well end result we are in our house!! Happy happy!!

Wayne Holden

Purchase of New Home - Palmerston North

Would not have asked for anything better but to get an experienced broker at my very doorstep. I applaud your care & support and irrespective of the results of all this, you have really gone above & beyond.

Lynne Dent

Purchase of New Home

Laura was so amazing and understanding. Really helpful especially as all the work was done during level 4 lock down. I can’t recommend the service and experience highly enough.

Laura Cates

New Purchase

Lynne did a brilliant job organising us into our first/down sizing home. We didn’t think we had things quite in place but non the less when a place popped up we were really interested in she was able to work her magic and we have now been in our own home for a couple of months.She was so knowledge…

Lynne Dent

Purchase of New Home

Johnny was exceptional throughout the process. I will definitely recommend his services.

Johnny Ang

First Home Buyer

Ruan was amazing to work with, he invested in our aspirations and developed strategies to get the best outcomes. How we are first home owners, couldn’t ask for anything more!
Thank you Ruan.

Ruan Chryssafis

First Home Buyer Through Construction

Helpful, knowledgeable.

Johnny Ang

First Home Buyer

Robyn was incredible and so encouraging. I would never have thought I could buy a place in my dream location, but with her help I did. She was a wealth of knowledge and always happy to answer my (many!) questions.

Robyn Turner

First Home

Two thumbs up for Johnny, his excellent service and hard work. I would 100% recommend Johnny to my friends and family without doubt.

Johnny Ang

First Home Buyers - Auckland

Very professional, I was very happy with the overall experience and manner that Samuel presented to me.

Samuel Eva

Purchase of First Home

Keith has been so amazing. He has gone well above and beyond what we expected trying (and succeeding) every trick in the book to get our mortgage approved.

Keith Munro

Investment Property Purchase

Samuel was so knowledgeable and made the whole process so easy. I would definitely recommend him to anyone looking to buy a house!

Samuel Eva

Purchase of First Home

Lynne has been fantastic at helping us achieve our dream of buying our first home. Her advice and guidance was so thorough. Would highly recommend her.

Lynne Dent

Purchase of New Home

Brett made it a streamlined process. We valued his expertise and guidance through the whole process.

Brett Davies

Purchase of New Home

Ruan Chryssafis is the best mortgage broker I have ever dealt with. My wife and I are extremely impressed with his efficiency, being proactive and how he deals with us.

Ruan Chryssafis

Mortgage Refinance

Keith did a great job overall.

Keith Munro

Purchase of New Home

Karen was amazing!!! We couldn’t have got anyone better so was just outstanding and we are so happy!

Karen Hyland

Mortgage Purchase

Brett has helped us a couple of times and he’s been fantastic. We’ve recommended him to our friends and family as well.

Brett Davies

Top Up - Auckland

Brett was great to work with, very supportive and genuinely committed to helping me buy my house.

Brett Davies

New House Purchase - Tauranga

Keith is always very professional, friendly, helpful and has excellent communication skills. I would highly recommend him.

Keith Munro

Top Up - Wellington

We could not have asked for a better adviser than Brett. We would recommend Brett to anyone.

Brett Davies

Purchase of New Home From Overseas

I was stuck trying to refinance my mortgage. Samuel sorted everything in a professional calm way and followed up at all stages.

Samuel Eva

Refinance of Existing Mortgage - Auckland

Samuel has been awesome to deal with & we’ll certainly be recommending him in the future.

Samuel Eva

First Home Buyer - Auckland

Thank you for Brett’s assistance and patience with all my questions along the way.

Brett Davies

Newly Constructed Property in Auckland

We’re really happy with the end result.

Karen Hyland

New House Purchase - Auckland

Quick response and helpful.

Johnny Ang

New Home Purchase - Auckland

Robyn was very thorough and easy to work with. We are happy with the result and look forward to moving into our new home.01

Robyn Turner

Newly Constructed Property in Tauranga

Keith has fast communication and is able to work with unusual situations creating a positive outcome for us.

Keith Munro

Top Up on Existing Mortgage - Wellington

Ruan Chryssafis is an exceptional mortgage broker and person, we’r really impressed with his attitude and service.

Ruan Chryssafis

New Home Purchase - Tauranga

Robyn brings such professionalism to her dealings. It is good to feel confident that my finances are being managed appropriately.

Robyn Turner

Mortgage - Tauranga

Brett made the whole stressful process of buying out first home easy and we felt supported the whole way.

Brett Davies

Mortgage - Auckland

Robyn helped us get our application submitted in record time as we were under a very tight time line. Very happy!

Robyn Turner

Mortgage - Tauranga

Robyn has been very committed to helping us achieve what we are wanting to do and doesn’t give up when obstacles have risen.

Robyn Turner

Mortgage - Tauranga

Keith overcame some huge hurdles and in a couple of days had a mortgage sorted at a very good rate. Really pleased.

Keith Munro

Mortgage - Wellington

James is very passionate about what he does; it was an absolute pleasure.

James Parker

KiwiSaver Client - Wellington

Thank you so much for all your help and kindness Robyn, you’re the best! I can’t thank you enough.

Robyn Turner

Mortgage - Tauranga

Brett was very helpful and we felt that he went the extra mile for us.

Brett Davies

Mortgage for New Purchase - Auckland

I will recommend Robyn to everyone I know. She was super professional and helpful every step of the way.

Robyn Turner

Mortgage Restructure - Tauranga

FAQs

A pre-approval is an offer (typically known as a Letter of Offer of Finance) from a bank or lending institution that indicates the maximum they are willing to lend. The document may have a list of conditions to still be met by the client. This is known as a Conditional Letter of Offer. A document with no conditions is known as an Unconditional Letter of Offer.

Mortgage Brokers are generally a free service but there will be a couple of unavoidable costs there. These may include:

  • A Registered Valuation ($800 – $1,200)
  • Solicitor Costs ($800 – $1,500)
  • LIM report ($150 – $400)
  • Builder’s Report ($100 – $500)
  • Weather Tightness Report for Monoclad houses ($300 – $1,000)
  • Finance fee for non-bank lending (~1%)

Prices can vary. Always request a quote before ordering a report.

We are always looking for amazing people to join our team. To become a great Mortgage Broker, you need to enjoy working people and helping them through a (sometimes) stressful time.

To become a Mortgage Lab Adviser, you will need to demonstrate a good level of understanding of the mortgage market and an unrelenting willingness to put your clients first.

To find out more, head on over to our Careers page.

We have Mortgage Advisers Whangarei, Auckland-wide, Tauranga, Hawkes Bay, Palmerston North, Wellington, and Christchurch.  Note that mortgage applications can be done remotely for most banks so you don’t need to be in the same city as your broker. See the full list of Brokers here.

The banks typically say 5 working days.  Sometimes it can be as low as 2 days or sometimes it can be slightly longer.  If your application is urgent, let us know as soon as possible and we will mark it as urgent.

You have to insure the houses that the bank has as security. However, the bank cannot force you to take any other form of insurance with them. We recommend getting independent advice on both insurance on your house and personal health insurance.

Nope. Is that weird to admit? Bottom line is, you’ll get the same interest rates as us if you’re a good negotiator or if you’re especially charming to the branch teller.

So you’ve got those rates. Now which one are you going to choose? 1 year? 5 years? Interest Only? Partly Revolving? Should you take those bonuses they’re offering? Is it worthwhile bothering your Accountant?

We go over all of this for free and you don’t even need to go into a branch. And you’ve got our DDI if you have additional questions.

This is called “shopping the deal” and it appeals to a certain type of customer but the short answer is… no.  We won’t shop the deal the majority of the time.

Each bank runs a Credit Check on you when they approve an application and the other banks can see this. This not only lowers your Credit Score (which is not great) but when the bank comes to offer you interest rates, they are not going to bother fighting for a good deal because you are clearly looking at other competitors.

This is counter-intuitive to what you might think. Often people think that banks realise they’re in competition and sharpen their pencils. Branch staff will tell you that competition is healthy, but trust us, the internal staff respond much better to loyal customers.

As above, sometimes a bank just isn’t looking for you as a client. In this instance, they can either decline you or make the terms of your lending so ridiculous that you either accept (sucker!) or you go away. We know what banks have an appetite for and send you to the right bank without you shopping around banks.

The banks pay The Mortgage Lab to find and prepare the entire application for them. This means they need less people in the branch which is much cheaper for them.

Additionally, the bank can control the type of business they receive. A bank might call The Mortgage Lab and say, “we don’t want high risk clients this month but we do want business owners”. And immediately, they will begin to receive those kind of clients from us. In a branch, the banks are forced to accept whatever client walks through the door.

Almost all Mortgage Lab services are available to you free of charge. Our brokers get paid a commission by the banks when a mortgage is finalised or refixed.  The only time you’ll pay a fee is if we have to involve a non-bank finance company. You’ll always be made aware of these fees long before they are locked in.

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    It happens to almost everyone eventually.  You walk into the bank, ask for an amount of money, either to buy a car, house or business and the bank declines you. …

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  • Small Steps – Update Your KiwiSaver Contact Details

    If you have ever tried to tidy up your financial affairs, it can be overwhelming to try and do everything at once.  Like most big projects, the best way to…

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  • Better budget - the spindel laundry dryer

    At least once a month, we try to bring you an unusual outside-the-box method to save money.  Recently we’ve introduced you to Pocketsmith.com and shown you how cleaning your heat…

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  • What is a reverse mortgage?

    Retirees often find themselves in a difficult financial position.  Short on income but lots of equity, usually stored in their homes.  A typical mortgage top-up won’t work in this scenario. …

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  • Case study - August 2018

    This month’s case study looks at a client that found themselves almost at the magical 20% deposit.  Almost… but not quite. Let’s call the couple Bill and Hillary (obviously not…

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  • What is bad debt?

    You may have heard the term “bad debt”. But what is it? Is all debt bad? Can bad debt become good debt? Order your bad debts In “The Successful First…

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  • City focus - Tauranga

    This month our Mortgage Advisers take a good look at the property sector in the beautiful city of Tauranga. Tauranga Property Prices It would be fair to say that property…

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  • App of the month - Mortgage Calculator

    We are very proud to announce the release of our Mortgage Lab Calculator on the iPhone App Store! With the focus on being simple to use, it has everything you…

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  • Your mortgage rate is 8%

    Repeat after me.“The interest rate I pay on my mortgage is 8%…”“The interest rate I pay on my mortgage is 8%…” No it’s not You’re right, it probably isn’t.  If…

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  • What is Price By Negotiation?

    Until recently, selling a house by Auction has been the most popular method of selling in Auckland.  It takes advantage of the excitement in the market and pits buyers directly…

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  • Pocket money into KiwiSaver

    Could parents use KiwiSaver as a method for rewarding children in the form of pocket money?  Read on to see how one of our clients is not only successfully doing…

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  • All About Conveyancing

    When you’re buying a house, there are a lot of things to think about.  One of the steps that is often a mystery for our clients is conveyancing; ie; what…

    Read More

  • Predictions for 2018

    It’s the time of the year when we buff up our Crystal Ball, gaze into the complicated world of economics and finance and come up with sufficiently generic forecasts/predictions to…

    Read More

  • Purchasing at Auction - A Step By Step Guide

    It often feels like you’re stumbling in the dark when you’re buying your first home.  So we’ve compiled a list of steps you are likely to go through in your…

    Read More

  • Calculating The Interest On Your Progress-Payment Construction

    Calculating the amount of interest expected in a progress-payment contract on a newly built house can sometimes seem daunting.  In this article, we walk you through some easy calculations. Recently…

    Read More

  • Mortgagee Sales – What To Look Out For

    Property prices have increased significantly over the past few years.  It can be tempting for buyers to be on the hunt for a bargain.  For most buyers, nothing says “desperate…

    Read More

  • App of the month – Sun Seeker

    This month’s app that we love is called Sun Seeker.  It is immensely useful and a very simple concept. With the world just waking up to Augmented Reality, this app…

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  • Small Steps – Credit Report

    If you have ever tried to tidy up your financial affairs? It can be overwhelming to try and do everything at once.  Like most big projects, the best way to…

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  • Transfer Your Aussie Super to KiwiSaver

    It’s estimated that there is ~$5 billion of Kiwi’s funds ‘lost’ in Aussie Super funds. This is usually because that NZer was working in Australia, contributing to a Super Fund…

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  • App of the Month – Gaspy

    We all enjoy saving a bit of money, especially if you’re looking to buy your first home or if you’ve just got your first mortgage. There are all sorts of…

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  • Meth and investment properties - it's worse than you think

    If you’re looking in the property market at the moment, you’ve no doubt come across the dire warnings surrounding methamphetamine, meth or “P”. The chemical process for making P is incredibly…

    Read More

  • How the 2020 LVR Changes Affects You

    It might feel like decades ago, but on 30th April 2020, the Reserve Bank announced the removal of LVR restrictions on banks in New Zealand.  In early November 2020, they…

    Read More

  • new build or existing home

    There’s a lot to weigh up between a new build or an existing house. Some of it is a personal preference; the beauty of a stained glass window in a…

    Read More

  • The thinking behind weekly payments saving you money is this; If you pay $2,000 in monthly payments there are 30/31 days of interest charged before your next payment reduces your…

    Read More

  • Below is a list of common mortgage terms which will help buyers and investors understand the finance journey.  This list is taken from “The Successful First Home Buyer” book. Asking…

    Read More

  • An offset mortgage is when you have one or multiple bank accounts allocated to your mortgage The money in these accounts lower the amount owed. Instead of earning interest on…

    Read More

  • What happens if a Registered Valuation isn't high enough?

    There are several reasons why you might need a Registered Valuation when purchasing a property: if you are purchasing a property privately (not through a Real Estate Agent) and are…

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  • Preparing For Your Mortgage - Documentation

    Getting a mortgage can be stressful and a lot of that stress is caused by waiting for the bank to make their offer. You can significantly reduce wait time by…

    Read More

  • Revolving Credit, Floating Account, Mortgage

    Most homeowners are familiar with fixed-term mortgages.  Over 80% of NZ mortgages are on some sort of fixed-term; the majority are currently for 1 to 2 years.  But it’s easy…

    Read More

  • Ready to Buy: 3 Things First Home Buyers Can Do Today

    Purchasing your first home can be confusing.  The key to being ready to buy is to be organised.  Here are 3 things that first home buyers can do today to…

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  • How Do I Get a Mortgage

    A lot of the nerves that first home buyers feel when they decide to buy is around the mortgage.  When the maximum loan you’ve ever applied for is a $2,000…

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  • Flatmates and your mortgage

    So you’re looking to purchase. Could a flatmate help you purchase a more expensive house? Will a bank take that extra income into account? How much interest will flatmate income…

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  • Deposits: How much do you need for your first home?

    If you have less than 20% deposit, you are referred to (by the banks) as a Low Equity (or Deposit) Borrower.  You are required to meet a different set of…

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  • Stop looking at the Performance of House Prices

    Almost every potential house buyer, at some point, will utter some version of the words “what are house prices doing at the moment?”.  It’s an understandable concern.  You don’t want…

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  • First Home Loan Versus First Home Grant

    Previously, we’ve looked at the difference between First Home Grants and KiwiSaver.  Another often confused, pairing is the First Home Loan (previously known as the Welcome Home Loan) facility and…

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  • 2 Bank Account Tips the bank will never tell you

    Banks are businesses and their goal is to make money and become the leading brand in the industry. This is the same goal as most other businesses and their reputation…

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  • 3 things to do now to prepare for a recession

    We are entering an unprecedented time.  The Reserve Bank has announced an Official Cash Rate drop of 0.75% leaving the cash rate at a historic low of 0.25%.  Most economists…

    Read More

  • OCR Announcement - 16th March 2020

    The Reserve Bank today announced that the OCR would be reduced by 0.75% to a new level of 0.25%. International markets around the world have been severely affected by the…

    Read More

  • How Does A Student Loan Affect A Mortgage Pre-Approval

    First home buyers are often nervous about the size of their Student Loan and how it will affect their chance of getting a mortgage.  But how much does it really…

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  • How does a Credit Card affect your mortgage?, bad debt

    Kiwis like Credit Cards… a lot.  If you’ve got 10 minutes, you could get one online right now (don’t).  And the price for easily-acquired, unsecured debt is usually ~20% p.a.…

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  • 2020 Predictions Interest Rates / House Prices

    It’s the time of the year when the Mortgage Lab buffs up our Crystal Ball, gazes into the infinitely complicated world of economics and comes up with sufficiently generic interest…

    Read More

  • 10 Things Homeowners Should Do Annually, But Don't

    The best thing about owning your own home is that you can decorate it however you choose.  Unfortunately there are some less exciting things that every homeowner needs to do…

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  • What does LVR mean?

    Think of the Loan to Value Ratio (LVR) like this:  What percentage of the house is covered by the mortgage…  Or, in other words, what percentage of the house does…

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  • If you quit smoking, how fast could you pay down your mortgage

    Smoking is a difficult habit to quit.  There are many services that can help you, the most commonly known is Quitline, and each person will quit for different reasons.  For…

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  • The Official Cash Rate (OCR) explained

    What is the OCR? The OCR is an interest rate set by the Reserve Bank of New Zealand which defines the wholesale price of borrowed money. This directly affects the…

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  • First Home Grants and KiwiSaver

    First home buyers can often get tangled up in the pile of new concepts to learn.  In this article, we explore the basics of withdrawing your KiwiSaver and meeting the…

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  • 5 Things you need to get into your first home

    In this day and age, where house prices are rapidly increasing, it is easy to think that home ownership is an impossible dream.  Before I became a mortgage adviser I…

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  • 3 Thinks you can do to get ready for a mortgage

    Order your Credit Report It’s free to order your own Credit Report and is a great insight into what the bank will know about you. See what loans are recorded…

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  • KiwiSaver, First Hone Grand and First Home Loan

    “My income is too high to be able to use KiwiSaver to purchase my first home”, was a comment made in passing to me today. Article written and submitted by…

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  • How to purchase an apartment

    Apartments are a very tempting purchase, especially for first-home buyers.  They tend to be lower cost and therefore much more within reach.  But there are a few things to be…

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  • 6 Tips for bidding at auction

    Auctions can be a little bit overwhelming.  They’re meant to be.  It’s why they result in higher prices for the Vendors.  To help ease the stress, here are 6 quick…

    Read More

  • Where Am I going to find my deposit?

    One of the simplest ways to grow your deposit is KiwiSaver. Below, we take a quick look at how quickly your deposit could grow and the numbers around this. Robyn…

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  • Turn Key, Progress Payments, Contract, Construction, Building, New Home

    While the Reserve Bank has tried to make finance more difficult in the past 6 months, they have also tried to encourage mortgage lending on newly constructed properties.  In other…

    Read More

  • Fixing your mortgage

    About 5 years ago, 80% of all mortgages were sitting on a floating rate. And with good reason. The interest rates were falling off a cliff. In a couple of…

    Read More

  • 5 Things To Know About Your Mortgage Pre-Approval Letter of Offer

    Good news! You’ve completed your application, handed over a mountain of paperwork (just kidding, our system is paperless) and now you’re pre-approved for your mortgage! After a phone call from…

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  • Mortgage Deposit: Can I take out a loan to increase my deposit?

    As you may know from our other blogs, there are some key levels of deposit that you need to get to in order to buy a new home. The main…

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  • 2019 Interest Rates Prediction

    It’s the time of the year when we buff up our Crystal Ball, gaze into the complicated world of economics and finance and come up with sufficiently generic forecasts/predictions to…

    Read More

  • financial stability report, RBNZ, LVR, Economy

    The Reserve Bank of New Zealand has released it’s 6 monthly Financial Stability Report. Previous Financial Stability Report Almost exactly one year ago, on the 29th November 2017, the RBNZ announced…

    Read More

  • 4 Tips To Buying By Tender

    Recently we looked at some tips for bidding at an auction.  But what if the house you love is for sale by tender?  Tenders are much less time-pressured than auctions…

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  • Who is your property team?

    Surrounding yourself with property experts is not just a good idea; it’s absolutely necessary. And while it sounds expensive, you don’t have to go full-Thomas-Crown to get the advice you…

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  • The Worst Financial Decision You Can Make

    Saving is a long, slow process. That’s why so many of us are so bad at it. You could put $20 aside every week and after a year, you’ll have…

    Read More

  • The Bank Said No Income Hurdle

    It happens to almost everyone eventually.  You walk into the bank, ask for an amount of money, either to buy a car, house or business and the bank declines you. …

    Read More

  • The Bank Said No Equity Hurdle

    It happens to almost everyone eventually.  You walk into the bank, ask for an amount of money, either to buy a car, house or business and the bank declines you. …

    Read More

  • What is bad debt?

    You may have heard the term “bad debt”. But what is it? Is all debt bad? Can bad debt become good debt? Order your bad debts In “The Successful First…

    Read More

  • City focus - Tauranga

    This month our Mortgage Advisers take a good look at the property sector in the beautiful city of Tauranga. Tauranga Property Prices It would be fair to say that property…

    Read More

  • App of the month - Mortgage Calculator

    We are very proud to announce the release of our Mortgage Lab Calculator on the iPhone App Store! With the focus on being simple to use, it has everything you…

    Read More

  • What is Price By Negotiation?

    Until recently, selling a house by Auction has been the most popular method of selling in Auckland.  It takes advantage of the excitement in the market and pits buyers directly…

    Read More

  • All About Conveyancing

    When you’re buying a house, there are a lot of things to think about.  One of the steps that is often a mystery for our clients is conveyancing; ie; what…

    Read More

  • Predictions for 2018

    It’s the time of the year when we buff up our Crystal Ball, gaze into the complicated world of economics and finance and come up with sufficiently generic forecasts/predictions to…

    Read More

  • Purchasing at Auction - A Step By Step Guide

    It often feels like you’re stumbling in the dark when you’re buying your first home.  So we’ve compiled a list of steps you are likely to go through in your…

    Read More

  • Calculating The Interest On Your Progress-Payment Construction

    Calculating the amount of interest expected in a progress-payment contract on a newly built house can sometimes seem daunting.  In this article, we walk you through some easy calculations. Recently…

    Read More

  • Mortgagee Sales – What To Look Out For

    Property prices have increased significantly over the past few years.  It can be tempting for buyers to be on the hunt for a bargain.  For most buyers, nothing says “desperate…

    Read More

  • Small Steps – Credit Report

    If you have ever tried to tidy up your financial affairs? It can be overwhelming to try and do everything at once.  Like most big projects, the best way to…

    Read More

  • Owning rental properties is a common kiwi dream. Many of us envision going into retirement with a couple or more of freehold properties under our belts, bringing in a nice…

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  • Below is a list of common mortgage terms which will help buyers and investors understand the finance journey.  This list is taken from “The Successful First Home Buyer” book. Asking…

    Read More

  • 3 Things Investment Property Buyers Can Do To Get Ready

    So you’ve decided to purchase an investment property, here are first 3 things you can do to get the ball rolling.

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  • Investment Mortgages and Interest Only

    In recent years, the Reserve Bank has been working on reducing the amount of Interest Only mortgages in New Zealand. In the article below, we look at how it affects…

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  • How Do I Calculate Yield?

    When you’re looking for an investment property, you are often either looking for capital growth or yield (ideally a positive cash return).  There’s a quick and easy trick that we,…

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  • Can I buy an investment property?

    Homeownership is the dream and goal of 99% of New Zealanders.   Once achieved, homeowners often to turn to buying their first investment property. How much deposit do you need for…

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  • 3 things to do now to prepare for a recession

    We are entering an unprecedented time.  The Reserve Bank has announced an Official Cash Rate drop of 0.75% leaving the cash rate at a historic low of 0.25%.  Most economists…

    Read More

  • OCR Announcement - 16th March 2020

    The Reserve Bank today announced that the OCR would be reduced by 0.75% to a new level of 0.25%. International markets around the world have been severely affected by the…

    Read More

  • 2020 Predictions Interest Rates / House Prices

    It’s the time of the year when the Mortgage Lab buffs up our Crystal Ball, gazes into the infinitely complicated world of economics and comes up with sufficiently generic interest…

    Read More

  • How to purchase an apartment

    Apartments are a very tempting purchase, especially for first-home buyers.  They tend to be lower cost and therefore much more within reach.  But there are a few things to be…

    Read More

  • The Rule of 72

    Whenever you’re dealing with complex numbers, it helps to have a few tricks to make quick calculations easy.  So here’s an easy way to calculate how long an investment will…

    Read More

  • 2019 Interest Rates Prediction

    It’s the time of the year when we buff up our Crystal Ball, gaze into the complicated world of economics and finance and come up with sufficiently generic forecasts/predictions to…

    Read More

  • financial stability report, RBNZ, LVR, Economy

    The Reserve Bank of New Zealand has released it’s 6 monthly Financial Stability Report. Previous Financial Stability Report Almost exactly one year ago, on the 29th November 2017, the RBNZ announced…

    Read More

  • The one bank trap and the several bank nightmare

    A common phrase in mortgage world is the “one bank trap”. It’s when you have all your lending with one bank which gives the policy makers at the bank all…

    Read More

  • The Bank Said No Credit Hurdle

    It happens to almost everyone eventually.  You walk into the bank, ask for an amount of money, either to buy a car, house or business and the bank declines you. …

    Read More

  • The Bank Said No Income Hurdle

    It happens to almost everyone eventually.  You walk into the bank, ask for an amount of money, either to buy a car, house or business and the bank declines you. …

    Read More

  • The Bank Said No Equity Hurdle

    It happens to almost everyone eventually.  You walk into the bank, ask for an amount of money, either to buy a car, house or business and the bank declines you. …

    Read More

  • City focus - Tauranga

    This month our Mortgage Advisers take a good look at the property sector in the beautiful city of Tauranga. Tauranga Property Prices It would be fair to say that property…

    Read More

  • App of the month - Mortgage Calculator

    We are very proud to announce the release of our Mortgage Lab Calculator on the iPhone App Store! With the focus on being simple to use, it has everything you…

    Read More

  • All About Conveyancing

    When you’re buying a house, there are a lot of things to think about.  One of the steps that is often a mystery for our clients is conveyancing; ie; what…

    Read More

  • Predictions for 2018

    It’s the time of the year when we buff up our Crystal Ball, gaze into the complicated world of economics and finance and come up with sufficiently generic forecasts/predictions to…

    Read More

  • Meth and investment properties - it's worse than you think

    If you’re looking in the property market at the moment, you’ve no doubt come across the dire warnings surrounding methamphetamine, meth or “P”. The chemical process for making P is incredibly…

    Read More

  • How the 2020 LVR Changes Affects You

    It might feel like decades ago, but on 30th April 2020, the Reserve Bank announced the removal of LVR restrictions on banks in New Zealand.  In early November 2020, they…

    Read More

  • The question of whether to renovate or pay down your mortgage is not an easy one to answer. It depends on your situation, the state of the property, and what…

    Read More

  • The thinking behind weekly payments saving you money is this; If you pay $2,000 in monthly payments there are 30/31 days of interest charged before your next payment reduces your…

    Read More

  • Below is a list of common mortgage terms which will help buyers and investors understand the finance journey.  This list is taken from “The Successful First Home Buyer” book. Asking…

    Read More

  • An offset mortgage is when you have one or multiple bank accounts allocated to your mortgage The money in these accounts lower the amount owed. Instead of earning interest on…

    Read More

  • Preparing For Your Mortgage - Documentation

    Getting a mortgage can be stressful and a lot of that stress is caused by waiting for the bank to make their offer. You can significantly reduce wait time by…

    Read More

  • Revolving Credit, Floating Account, Mortgage

    Most homeowners are familiar with fixed-term mortgages.  Over 80% of NZ mortgages are on some sort of fixed-term; the majority are currently for 1 to 2 years.  But it’s easy…

    Read More

  • When to get your Accounts done

    If you happen to be a salary earner, proving your income is relatively easy.  As long as your Employer issues decent quality Payslips, you can provide the 3 most recent…

    Read More

  • The banks are currently overwhelmed by hardship applications as a result of the Level 4 lockdown for Covid-19.  In this article we look at what your options are and why…

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  • Bank Relief Packages and Mortgage Holidays

    Article current as of 1st April 2020 (no April Fools jokes are contained – all information accurate) With the recent announcements with bank relief packages and mortgage holidays, we are…

    Read More

  • 3 things to do now to prepare for a recession

    We are entering an unprecedented time.  The Reserve Bank has announced an Official Cash Rate drop of 0.75% leaving the cash rate at a historic low of 0.25%.  Most economists…

    Read More

  • OCR Announcement - 16th March 2020

    The Reserve Bank today announced that the OCR would be reduced by 0.75% to a new level of 0.25%. International markets around the world have been severely affected by the…

    Read More

  • How does a Credit Card affect your mortgage?, bad debt

    Kiwis like Credit Cards… a lot.  If you’ve got 10 minutes, you could get one online right now (don’t).  And the price for easily-acquired, unsecured debt is usually ~20% p.a.…

    Read More

  • 2020 Predictions Interest Rates / House Prices

    It’s the time of the year when the Mortgage Lab buffs up our Crystal Ball, gazes into the infinitely complicated world of economics and comes up with sufficiently generic interest…

    Read More

  • 10 Things Homeowners Should Do Annually, But Don't

    The best thing about owning your own home is that you can decorate it however you choose.  Unfortunately there are some less exciting things that every homeowner needs to do…

    Read More

  • If you quit smoking, how fast could you pay down your mortgage

    Smoking is a difficult habit to quit.  There are many services that can help you, the most commonly known is Quitline, and each person will quit for different reasons.  For…

    Read More

  • The Official Cash Rate (OCR) explained

    What is the OCR? The OCR is an interest rate set by the Reserve Bank of New Zealand which defines the wholesale price of borrowed money. This directly affects the…

    Read More

  • Better Budget - All about your heat pump

    Heat pumps are great.  They are efficient and quick to work.  In fact, Energywise says that a heat pump is the most energy efficient way of using electricity to heat your…

    Read More

  • Paying Down Your Mortgage or Savings Into KiwiSaver

    It’s a question we get asked a lot. If we have an extra amount of money in our salary, should we use the money to pay down our mortgage or…

    Read More

  • How to purchase an apartment

    Apartments are a very tempting purchase, especially for first-home buyers.  They tend to be lower cost and therefore much more within reach.  But there are a few things to be…

    Read More

  • 6 Tips for bidding at auction

    Auctions can be a little bit overwhelming.  They’re meant to be.  It’s why they result in higher prices for the Vendors.  To help ease the stress, here are 6 quick…

    Read More

  • Fixing your mortgage

    About 5 years ago, 80% of all mortgages were sitting on a floating rate. And with good reason. The interest rates were falling off a cliff. In a couple of…

    Read More

  • 2019 Interest Rates Prediction

    It’s the time of the year when we buff up our Crystal Ball, gaze into the complicated world of economics and finance and come up with sufficiently generic forecasts/predictions to…

    Read More

  • financial stability report, RBNZ, LVR, Economy

    The Reserve Bank of New Zealand has released it’s 6 monthly Financial Stability Report. Previous Financial Stability Report Almost exactly one year ago, on the 29th November 2017, the RBNZ announced…

    Read More

  • 4 Tips To Buying By Tender

    Recently we looked at some tips for bidding at an auction.  But what if the house you love is for sale by tender?  Tenders are much less time-pressured than auctions…

    Read More

  • The Worst Financial Decision You Can Make

    Saving is a long, slow process. That’s why so many of us are so bad at it. You could put $20 aside every week and after a year, you’ll have…

    Read More

  • The Bank Said No Income Hurdle

    It happens to almost everyone eventually.  You walk into the bank, ask for an amount of money, either to buy a car, house or business and the bank declines you. …

    Read More

  • The Bank Said No Equity Hurdle

    It happens to almost everyone eventually.  You walk into the bank, ask for an amount of money, either to buy a car, house or business and the bank declines you. …

    Read More

  • What is a reverse mortgage?

    Retirees often find themselves in a difficult financial position.  Short on income but lots of equity, usually stored in their homes.  A typical mortgage top-up won’t work in this scenario. …

    Read More

  • What is bad debt?

    You may have heard the term “bad debt”. But what is it? Is all debt bad? Can bad debt become good debt? Order your bad debts In “The Successful First…

    Read More

  • City focus - Tauranga

    This month our Mortgage Advisers take a good look at the property sector in the beautiful city of Tauranga. Tauranga Property Prices It would be fair to say that property…

    Read More

  • App of the month - Mortgage Calculator

    We are very proud to announce the release of our Mortgage Lab Calculator on the iPhone App Store! With the focus on being simple to use, it has everything you…

    Read More

  • Your mortgage rate is 8%

    Repeat after me.“The interest rate I pay on my mortgage is 8%…”“The interest rate I pay on my mortgage is 8%…” No it’s not You’re right, it probably isn’t.  If…

    Read More

  • All About Conveyancing

    When you’re buying a house, there are a lot of things to think about.  One of the steps that is often a mystery for our clients is conveyancing; ie; what…

    Read More

  • Predictions for 2018

    It’s the time of the year when we buff up our Crystal Ball, gaze into the complicated world of economics and finance and come up with sufficiently generic forecasts/predictions to…

    Read More

  • Purchasing at Auction - A Step By Step Guide

    It often feels like you’re stumbling in the dark when you’re buying your first home.  So we’ve compiled a list of steps you are likely to go through in your…

    Read More

  • new build or existing home

    There’s a lot to weigh up between a new build or an existing house. Some of it is a personal preference; the beauty of a stained glass window in a…

    Read More

  • Below is a list of common mortgage terms which will help buyers and investors understand the finance journey.  This list is taken from “The Successful First Home Buyer” book. Asking…

    Read More

  • Turn Key, Progress Payments, Contract, Construction, Building, New Home

    While the Reserve Bank has tried to make finance more difficult in the past 6 months, they have also tried to encourage mortgage lending on newly constructed properties.  In other…

    Read More

  • City focus - Tauranga

    This month our Mortgage Advisers take a good look at the property sector in the beautiful city of Tauranga. Tauranga Property Prices It would be fair to say that property…

    Read More

  • Calculating The Interest On Your Progress-Payment Construction

    Calculating the amount of interest expected in a progress-payment contract on a newly built house can sometimes seem daunting.  In this article, we walk you through some easy calculations. Recently…

    Read More