Mortgage FAQs

Not necessarily. A larger deposit can give you access to a wider range of lending options and may help you avoid certain low-equity or low-deposit lending costs, but the interest rate you receive depends on the lender, loan structure and your individual circumstances.

I'll compare the available options and help you understand the overall cost of the loan, not just the interest rate.

Potentially, yes. Eligible first home buyers may be able to use their KiwiSaver savings towards their deposit.

Your KiwiSaver provider will confirm whether you're eligible to withdraw your funds and how much you may be able to access. I'll then help you understand how your available deposit fits with your borrowing options.

It depends on the nature of the credit issue, how recent it is and your overall financial position.

A poor credit history doesn't automatically mean you can't get a mortgage. Some lenders are more flexible than others when considering credit issues.

I'll look at your circumstances and explain which lending options may be available.

Potentially, yes. Lenders will consider your employment history, income, deposit and overall financial position. Starting a new job doesn't automatically prevent you from getting a mortgage.

If you're on a trial or probationary period, some lenders may have additional requirements. I'll help you understand how your employment situation may affect your application.

I have accreditation with all the major banks as well as a range of specialist lenders.

This means I can look beyond a single bank and compare lending options that may be suitable for your circumstances.

There is no fee for my mortgage advice or service. Mortgage Group is generally paid a commission by the lender when your loan settles, so you pay nothing for my mortgage service.

There are no hidden fees or charges from Mortgage Group for arranging your mortgage.

Yes, potentially. If you already have a pre-approval, I can review your situation and discuss whether there may be other lending options available.

If you've already committed to a particular lender or mortgage adviser, there may be limitations on what I can do, so it's best to talk to me before making any changes.

I'll explain your options and help you decide what makes sense for your situation.

The timeframe can vary depending on your circumstances, the lender and how straightforward your application is. Having your income, deposit and supporting documents ready can help speed up the process.

I'll manage the application with you and keep you informed as it progresses.

No, you can approach a bank directly. However, a mortgage broker can give you access to lending options from multiple lenders rather than dealing with just one bank.

I'll compare suitable options, explain the differences and manage the application process with you.