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 home loan process, especially for first-home buyers. They are usually free for borrowers, as lenders pay them commission.
Brokers act as an intermediary with banks to secure home loan pre-approval and advise on loan structures. Jarrod Kirkland of Mortgage Lab suggests splitting mortgages to spread interest rate risk and using offset or revolving credit accounts to pay your loan off faster. Always ask a broker how they are paid and to see multiple options.
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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