Depending on your wants and financial ability there are many ways to get what you want. By getting good advice you can put yourself ahead of the game.
Frequently Asked Questions
There are many opportunities with property. You may well be able to create a property portfolio with the equity you already have and have someone else pay it off for you.
By having your loan structured to suit you! You will be surprised by how much you can save without increasing your payments.
Yes. There are generous incentives available through KiwiSaver to first home buyers that can really help. First home withdrawals must be organised before the settlement date…it is too late after settlement. Often people are surprised by what is available through KiwiSaver. Seeking advice on this is advised.
Yes. Generally most home loans are portable and can be moved from one property to another if the equation of the new property works. You are best to get help with this as there are some pit falls that need to be avoided.
Nothing - with us. Our clients experience top level advice on suitable home loan structures and options for free.
Yes - If the equation allows. Top ups are common and generally a sign of not having a tailored loan or someone monitoring your situation with you. Things in life do pop up and consolidating through your home loan can be a good option.
Yes you can. You generally have to work to any fixed terms but often you can at least get a better deal with what you have until the fix term is up. It is best to seek help before your term is up. We find most people who simply have a loan that is not customised to them can make huge savings just by restructuring.
A common question. Your home loan should be tailored to you, not to the current interest rates. Rates can change quickly and no one can say when, by how much or if they are going up or down (if they do…run a mile!). By tailoring your loan you can often lower the risk of rate changes by hedging your bets.
The amount you can borrow is determined by the overall equation of the loan. Most people just see their deposit (or equity) and the price of the property they want. But there's more to it than that, depending on the different lending criteria across different lenders. Each has their own equation for determining how much you can borrow and under what conditions. That's why it's important that you talk to us - so we can find the loan that suits your individual needs.