Mobile Mortgages

When your home loan is up for review, it can be difficult to know what to do. We can help. We can discuss the options with you to help you decide which home loan structure is right for you.

We provide this service absolutely free of charge and we can look at options across not only a whole range of products but also across a whole range of lenders.

In the mean time check out some of the great rates available today!

Floating/Flexible Rates
Floating Interest Rate 6.24% p.a.
Flexible Interest Rate 6.20% p.a.

Fixed Interest Rates
6 months 6.35% p.a.
1 year 5.95% p.a.
18 Months 6.29% p.a.
2 years 6.49% p.a.
3 years 6.99% p.a.
4 years 7.45% p.a.
5 years 7.70% p.a.

Not sure what would work best for you? Drop us a line and we will help.

If you are struggling to make the monthly payments on your multiple debts and bills, don’t panic! There are many others like you and the solution can be found right here.
An increasingly growing number of people are taking control of their finances through a debt consolidation loan. The best time to act is NOW!

What is a Debt Consolodation Loan?

Debt consolidation is taking out a single loan with one provider to pay off many other outstanding loans, credit cards and other debts… to make your life easier.

How can a Consolidation Loan Help?

A consolidation loan can increase your weekly cash flow, helping you can get back on your feet again. Combining your debts into one easy consolidation loan also simplifies your financial situation – you have just one weekly or monthly bill to pay and keep track of!

Variable home loans have the flexibility to fit with your lifestyle. They give you the option to make lump-sum repayments, or repay the loan completely, without having to worry about early repayment charges. They’re ideal when interest rates are falling. Plus, you can change to a fixed home loan whenever you choose.

We Can Do A Second Mortgage

We have a few million $NZ we can access for second mortgage placement.

Lenders are currently quite sensitive to high first mortgage amounts and priority figures and so Caveat seconds are starting to re appear as they did many years ago.

These are great options for people who have a deal that needs to be done and only need the lending for 12 to 24 months.

All deals on a case by case basis.

Product: Interest Only.

Term: 12 to 24 months.

Security: Residential Property.

Rate: 14% to 17%

Lvrs: under 75%

Max Amount: $100,000.

Right to pay down: Some lenders will allow principal payments.

This option is certainly worth a try and is very competitive with other available options out there at the moment.

Asset Lending Advances

This is a great option for people with lots of equity but you don’t meet the income requirements of the major lenders for what ever reason.

Security is via a First Mortgage and interest rates are from 8.75%

Security that can be used can range from Residential Real Estate to Farms to Commercial Real Estate.

Give us a try.

Your home loan , for most people, is the largest financial commitment you will ever make.
Rising or falling interest rates can have a huge impact on how much you pay back each month and how much you pay in interest over the life of the loan, which is really the most important part when considering your home loan choices.

By switching loans you could save yourself thousands of dollars in interest or perhaps you would like to take advantage of features offered by another lender or loan.

Before you decide to refinance your current home loan, work out how much it will cost you to switch to the new home loan.

Depending on your current interest rate and any terms you may have signed for when taking out the loan your current lender might charge you fees to exit your current loan, and a new lender will charge you fees to take out the new loan.

Work out whether reducing your interest rate with a new loan outweighs the costs of switching from your existing one. The lower the exit and start-up fees, the more you stand to gain by switching.

If the fees are high it may not be worth switching or may be better to wait and switch later. Ask yourself: ‘Is the cost of switching worth the potential interest rate saving.

Drop us a line if you would like to know just how much money you could save with a new home loan.

One of our favorite funders was sent application from a father and daughter, to refinance and top up the mortgage on a home owned by the father (and to buy out his ex-wife’s share).

The father was on WINZ and needed his daughter’s support for debt servicing to work. She was in stable employment on a good income. Both had clean credit and the daughter was moving back in to live with her father.

Our friendly lender approved the loan conditional upon the daughter becoming joint owner of the property, i.e. she benefited from the transaction too.

Do you know someone looking for a loan in a similar situation?

Contact us using the contact page

It can still be done.

One of the brokers in our network recently had this success.

Recently a couple approached us about purchasing their first home together.

As a gift from the family, the couples family were gifting them the equity in a home by allowing the couple to purchase at a discounted price.

A deposit had not been saved and the young couple required 100% funding of the purchase price. (this was possible due to the equity in the property being gifted.)

The husband and wife were self employed and had a couple of defaults on their credit report.

Debt servicing however appeared fine based upon self-declared incomes although financials provided indicated the income declaration was reasonable.

The successful loan was approved of just over $194,000 at 10.35% pa for a 30 year term.

Do you know anyone in a similar situation?

Let us know, we might be able to help.

Obviously this is an example of using a great mortgage professional.

Official cash rate 2.50% (unchanged)

90 day bill rate 2.78 (down from 2.80%)

1 year swap rate 3.35 (down from 3.45)

3 year swap rate 4.95 (down from 5.03)

10 year bond rate 5.95 (down from 6.03)

Kiwi dollar 0.7380 (up from 0.7212)

Asb bank has raised its fixed mortgage rates today.

The move comes at a time when interest rates in the wholesale money market are rising.

There is speculation that the reserve bank of new zealand will raise its official cash rate sooner than the latter part of 2010 it has been signalling.

Reserve bank of australia (rba) governor glenn stevens said this week it would be a mistake to be “too timid” to raise interest rates in response to a brighter economy.

The rba board took the first step to returning interest rates towards what mr stevens described as more normal levels last week, when it lifted the cash rate to 3.25 percent, from 3 percent.

In new zealand, government-owned kiwibank announced last week that it was raising many of its fixed mortgage rates.

Asb has hiked its six month mortgage rate by 25 basis points to 5.75 percent. Its new five-year rate is now 8.75 percent.

The one-year rate is 6 percent, the 18 month rate is 6.6 percent and two-year rate is 7.15 percent. The three-year rate is 7.95 percent and the four-year rate is 8.5 percent.

Anz economists said today that a sell off in new zealand’s interest rate market yesterday on higher than expected consumer price index data continued overnight. The sell-off raised interest rates in the money market across the yield curve.

“bias is firmly to the pay side,” anz said.
http://www.interest.co.nz/mortgages.asp?100