Mortgage Broker New Zealand
OneStop Financial Solutions are the Best Mortgage Brokers in New Zealand.
Conveniently located in Highland Park in East Auckland, we service all of New Zealand. Get in touch with us today for friendly advice on securing the best mortgage for your needs.
A lot can change over the course of your mortgage. As property prices go up, interest rates fluctuate, and your personal circumstances change, a home loan that might have been right for you a few years ago may not be the best option for you now.
Let’s change that. Here at OneStop Financial Solutions, we provide leading mortgage lending, refinancing, and refixing services that keep your needs as a homeowner front and centre.
Whether you want to secure a lower interest rate, pay off your home loan quicker, or consolidate debt, we’ll work our magic to negotiate the best deals on the market and provide expert advice to help you make a more informed decision.
We prioritise your needs as a homeowner and work hard to get you the best deal possible. All at no cost to you.
Our mortgage brokers offer a variety of mortgage products to cater to different homebuying needs. Here’s how we can help you find the right mortgage:
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Fixed-Rate Mortgages: These loans have an interest rate that remains the same for a specific period, typically ranging from 1 to 5 years, before reverting to a floating rate or being renegotiated. They offer predictability in payments and are popular among New Zealanders.
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Floating Rate Mortgages: Also known as variable rate mortgages, these have an interest rate that can go up or down depending on market conditions. This option can be beneficial if interest rates drop, but it also means your payments could increase if rates rise.
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Offset Mortgages: This type of mortgage allows you to use your savings account balance to offset the balance of your mortgage, thereby reducing the amount of interest you pay. For example, if you have a mortgage of NZD 300,000 and savings of NZD 50,000, you would only pay interest on NZD 250,000.
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Revolving Credit Mortgages: Similar to an overdraft, this mortgage provides a credit limit that you can draw down or pay off at any time. This flexibility can be useful if you have fluctuating income or want to aggressively pay down your loan faster without early repayment penalties.
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Interest-Only Mortgages: These loans require you to only pay the interest on the mortgage for a certain period, after which you start paying both principal and interest. This can be advantageous for property investors looking to minimise monthly costs while planning to sell the property for a profit later.
Our New Zealand mortgage brokers also have access to government programs like the First Home Loan and Kāinga Ora options, designed to help first-time home buyers and low-to-medium income earners enter the housing market.
Working with our mortgage brokersin New Zealand can help you navigate these options and find the mortgage that best fits your financial situation and homeownership goals. We also assist with understanding the terms and conditions of each loan type, ensuring you make an informed decision.
Our Independent New Zealand Mortgage Brokers Can Help With:
Refinancing Your Existing Mortgage
Refinancing is the process of swapping out your old home loan for a new home loan to ensure your mortgage is a good match for your current financial situation.
By taking out a new home loan – either with the same lender or a different one – you can reduce monthly payments or shorten the term of your loan, which can save you substantial amounts of money.
It’s not uncommon for our clients to save $5,000 in the short term and as much as $100,000 in interest over the life of their mortgage.
Take a look at our mortgage calculators and see how much you could save.
How Our Mortgage Brokers Work
We start by working with you to understand your requirements, analysing your current mortgage and reviewing your financial situation. Based on this information, we tap into our extensive network of leading lenders to bring you a range of great home loan products that offer the best mix of rates, flexibility and fees. Lastly, we help you weigh up your options, negotiate with lenders on your behalf and answer any questions you might have along the way.
Fixed Term Refinancing (Refixing)
Refixing is the process of locking in a new rate at the end of your fixed-rate term. Fixing at a lower rate allows you to reduce your monthly repayments, improve cash flow or shave years off of your loan.
While most lenders will propose a new fixed rate when your existing rate expires, we’re firm believers that you should fully explore your options before signing anything to ensure you’re getting the best deal for your circumstances.
Free Mortgage Broker Advice from OneStop Financial Solutions
Great advice usually has a cost, but our expertise is free to first home buyers because the bank pays us! Banks pay us a commission because do the hard work for them. Most importantly, we are strictly ‘unaligned’, which means we are not obligated to do business with one particular bank over any other, which means you’re always getting the best options and advice based on which bank is best for you.
Chat to a Financial Adviser About a Home Loan (No Cost, No Obligation)
Please complete your contact information and one of our specialist New Zealand mortgage brokers will be in touch.
Frequently Asked Questions About Our Mortgage Broker Services
What does a mortgage broker do?
A mortgage broker acts as an intermediary between borrowers and lenders. Our primary role is to assess your financial situation, offer advice on the affordability and suitability of various mortgage products, and then facilitate the application process with the chosen lender. We have access to a wide range of mortgage products and lenders, which allows us to find competitive rates and terms tailored to your needs.
Why use a mortgage broker instead of a bank?
Using a mortgage broker instead of going directly to a bank can offer several advantages. A broker can save you time by handling the comparison shopping and negotiation with lenders on your behalf. We have access to more loan products than a single bank can offer, increasing your chances of finding a mortgage that best suits your financial situation. Sometimes, our mortgage brokers can access exclusive deals unavailable on the open market. We offer a personalised service to guide you through the home buying process.
How much does a mortgage broker cost?
In New Zealand, the mortgage broker is usually paid by the lender, not the borrower. The commission received is generally a percentage of the loan amount, which the lender pays out once the mortgage is settled.
How long does it take for a mortgage broker to get you approved?
On average, obtaining pre-approval can take a few days to a week, while full approval could take anywhere from a couple of weeks to a month or more. It’s important to start the process well before you purchase a property and promptly provide your mortgage broker with all the necessary documentation to avoid delays.
Can a mortgage broker help if I have a poor credit history?
Yes, our mortgage brokers have experience dealing with various credit situations and can advise on the best lenders for those with poor credit. We also provide guidance on how to improve your credit score to secure a better mortgage rate.
Does a mortgage broker work for a specific bank or lender?
No, we are independent mortgage brokers and do not work for specific banks or lenders. Our goal is to serve the best interests of our clients by offering products from a range of lenders.
