Buying guide
Working with a mortgage broker in New Zealand
Learn how a mortgage broker can help you through the homeownership process.
AI summary
A mortgage broker can simplify the complex home loan process, especially for first-home buyers. They are usually free for the borrower, as lenders pay them a commission.
A broker's key role is securing home loan pre-approval by dealing with banks on your behalf. They provide expert advice on comparing lenders and structuring your loan. An expert from Mortgage Lab suggests splitting your mortgage across different terms to spread interest rate risk and using offset accounts to pay it off faster.
Why use a mortgage broker?
What to expect from a mortgage adviser
Questions to ask a mortgage broker
Pre-approval with a mortgage broker
Jarrod Kirkland, Mortgage Lab General Manager
Mortgage Q&A with Jarrod Kirkland, Mortgage Lab General Manager
Do you pay a mortgage adviser when they help you with a home loan?
What should you bring to your first meeting with a mortgage adviser if you’re using one?
What happens next after you have pre-approval?
You’ve found the house you want to put an offer in on, what happens next?
How do people typically structure their mortgage?
How much will the loan cost if you pay it over a 30 year period?
Will mortgage rates always go up following an Official Cash Rate (OCR) rise?
If you want to pay your mortgage off faster, what kind of loan can you get?
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