# Mortgage Suite mortgage brokers Auckland, New Zealand


## Posts

- [10 Smart Ways To Pay Less Interest On Your Mortgage](https://mortgagesuite.co.nz/10-smart-ways-pay-less-interest-mortgage/): No one wants to pay more interest than they have to. However, most people think in order to pay less interest on your mortgage, you must make big extra repayments or radically change your lifestyle. The truth is, you can save thousands of dollars in interest costs by simply being strategic with the way your loan is set up and how you manage it over time. Here are 10 smart ways you can reduce the amount of interest you pay on your mortgage… 10 Smart Ways To Pay Less Interest On Your Mortgage 1: Choose The Right Loan Structure The […]
- [What Should I Do When Interest Rates Decrease?](https://mortgagesuite.co.nz/what-do-when-interest-rates-decrease/): It is always an exciting moment for homeowners when mortgage rates start to track downwards. Climbing interest rates can be a killer for the family budget, eating into your earnings and reducing what’s available for all the other things you need to pay for. But what is the best thing to do when the interest rates decrease? Keep more money in your pocket? Pay more off the principal? Or invest in your future? The answer will depend on your current situation, so let’s explore the options available to you. The Burden Of A Mortgage Since the interest rate heydays of […]
- [What Mortgage Structure Is Best - Fixed, Floating or Splitting?](https://mortgagesuite.co.nz/what-mortgage-structure-best-fixed-floating-splitting/): You can take your best guess at what might happen in the coming months and years, but you can never entirely predict the future. Where does that leave you when you have a 30-year mortgage debt to pay off? No one wants to pay more interest costs than necessary. Safeguarding yourself against big hikes in your repayments largely comes down to your mortgage structure. While the exact answer to the best structure for your mortgage will depend on your individual circumstances, we’ve assembled some general advice to help you understand what mortgage structure might work best for you. Fixed vs […]
- [How To Pay Off Your Mortgage Faster](https://mortgagesuite.co.nz/how-to-pay-off-your-mortgage-faster/): For many Kiwis, a mortgage is going to be their biggest financial commitment ever! So, you want to make sure you are handling it wisely. While interest rates have come down significantly in the last year, they are still higher than in the glory days post-COVID. So, you may be looking for ways to reduce your debt quickly and potentially save yourself thousands in the process. The good news is, there are some practical steps you can take to pay your mortgage off faster. As experienced mortgage advisors, we have some quick tips for you here and can guide you […]
- [Why Is Everyone Switching Banks Right Now?](https://mortgagesuite.co.nz/why-is-everyone-switching-banks-right-now/): You’ve probably seen the headlines. There are currently record numbers of borrowers switching their mortgages to new lenders. In fact, in June, over 3500 borrowers switched a total of $2.475 billion in mortgage debt to new lenders. This is a record high since the Reserve Bank began tracking this data in 2017. Switching has become so popular that it makes up 30% of all new mortgage lending. But why the sudden surge? Why is everyone so keen to switch banks at this moment, and is it something you should be considering for your own mortgage? Let’s find out now! Why […]
- [Why Don’t Interest Rates Drop As Quickly As The OCR Does?](https://mortgagesuite.co.nz/why-dont-interest-rates-drop-quickly-ocr/): The OCR is up for review again on 9th July 2025. While opinions are somewhat divided, the overall feeling is that the OCR will be reduced again to continue the work to stimulate the economy. But why don’t interest rates drop as quickly as the OCR? Let’s look into why that is. Why Don’t Interest Rates Drop As Quickly As The OCR? Back on 28th May, the OCR was reduced from 3.5% to 3.25%. That was a reduction of 0.25%, however, we didn’t see anywhere that level of reduction in interest rates across the board. That’s because, when the Reserve […]
- [What Does The Reserve Bank Look At In An OCR Review?](https://mortgagesuite.co.nz/what-does-reserve-bank-look-ocr-review/): In their most recent review, the Reserve Bank announced a reduction of the OCR to 3.25%. So, how did they come to that decision? And what goes into the rationale behind deciding what the cash rate should be? Let’s take a look at what the Reserve Bank discusses at an OCR review. What Does the Reserve Bank Review? As you can imagine, there is a lot that goes into balancing the economy and ensuring the conditions are favourable for everyday Kiwis! So, these are the aspects that the Reserve Bank explore when making any decision about the OCR:1.  1.Inflation We […]
- [Is The NZ Property Market Recovering?](https://mortgagesuite.co.nz/nz-property-market-recovering/): Bank lending is up and the OCR is coming down. What does that mean for the property market? Will we finally see it start to recover? When is a good time to make your next property move? Let’s look into the answer to all those questions now. Bank Lending Is Up Thanks to lower interest rates and the number of houses for sale, lenders are seeing a higher demand for mortgages during the beginning months of 2025. In fact, over the last 6 months, mortgage demand has increased for the first time since 2021. So, what is causing this surge […]
- [Is A Cash-Back Deal Worth Switching Your Mortgage To A New Lender?](https://mortgagesuite.co.nz/is-a-cash-back-deal-worth-switching-your-mortgage-to-a-new-lendercash-back/): Should you switch your mortgage to another bank? Currently, many banks are offering enticing cash-back offers to get people to transfer their mortgage lending. But switching banks is about more than collecting a cash incentive. You need to consider what’s actually involved in switching your mortgage to a new bank, and if it’s worth the effort Here’s what you need to know before making a decision. Are Cash Back Offers Worth It? Currently, major lenders are offering cash-back offers to customers who are willing to move their mortgage to a new bank. When someone is offering you $10,000 to switch […]
- [How To Choose A Fixed Rate Term](https://mortgagesuite.co.nz/how-to-choose-a-fixed-rate-term/): Sometimes, it can feel like a gamble to refix your mortgage. Should you fix long, or is a short-term rate better, and what about floating? The reality is that the best fixed term for you will depend on a mixture of the current market conditions and your personal financial situation. Locking in for too long could mean you end up paying more interest if the rates drop. But fixing too short may leave you vulnerable to sudden rate increases. Here’s what to consider when deciding on the right fixed-term rate for your mortgage. Should You Fix Short Or Long Term? […]
- [How To Keep Your Finances Attractive To Lenders Over Summer](https://mortgagesuite.co.nz/how-to-keep-your-finances-attractive-to-lenders-over-summer/): Summer is traditionally a time of big spending. With Christmas, family holidays and guests staying all rolled into one time period, the costs can start to add up! However, if you are planning to apply for a mortgage or make a property move you will want to be mindful of what your summer spending might look like to potential lenders. The good news is that you don’t have to live like Ebenezer Scrooge this holiday period just to keep your finances looking attractive. We’ve put together a quick guide to make sure you can still enjoy your summer holidays without […]
- [Another OCR Cut - Now What For Your Mortgage?](https://mortgagesuite.co.nz/another-ocr-cut-now-what-for-your-mortgage/): Another OCR announcement and another OCR cut. This is great news, of course. But, just how great is it for your mortgage? How much could you save and what is the best strategy from here? Let’s answer all those questions now. The Situation As It Stands In their last OCR review of 2024, the Reserve Bank announced that they were cutting the OCR by a further 50 basis points, lowering it to 4.25%. They have also indicated that there will not be any further reviews until 19th February 2025. So, this most recent OCR cut was the last attempt to […]
- [Should I Consider A Floating Mortgage Rate?](https://mortgagesuite.co.nz/should-i-consider-a-floating-mortgage-rate/): The moment has come for mortgage holders, the mortgage rates are finally getting better! The OCR has been cut twice with predictions of further cuts on the radar. It’s all great news. But, what do you do in this interim period while rates are tracking downwards, yet promise to go lower still? Should you fix or should you maybe consider a floating mortgage rate? Let’s look at your options. What Is A Floating Mortgage Rate? Floating mortgage rates are a type of home loan interest rate that can fluctuate over time. These changes reflect what is going on in the […]
- [Why Are The Longer Fixed Rates Lower And Should You Take Them?](https://mortgagesuite.co.nz/why-are-the-longer-fixed-rates-lower-and-should-you-take-them/): In August 2024, the Reserve Bank finally did what all mortgage holders were hoping for and made a minor cut to the OCR. This triggered a flurry of interest rate cuts from all mortgage lenders. Many of the longer term rates snuck under 6% for the first time in ages. So, why are these longer term rates lower than the short term ones and should you be taking them? Let’s answer those questions now. Why Are The Longer Term Fixed Rates Lower? Currently, the longer term mortgage rates are lower than the shorter ones, but that is not always the […]
- [Mortgage Rates Are Coming Down - How Long Should I Fix For?](https://mortgagesuite.co.nz/mortgage-rates-are-coming-down-how-long-should-i-fix-for/): It happened! Mortgage holders nationwide rejoiced at the recent RBNZ decision to lower the OCR. The slight reduction from 5.5% to 5.25% has triggered a wave of rate cuts from all the major lenders. So, the question now becomes, how long should I fix for? Is it best to pick the shortest term as rates are on the way down, or would a slightly longer term create more savings? Let’s explore the answer to that question now. The Decision We’ve All Been Waiting For On the 14th August, the Reserve Bank announced that it was cutting the OCR to 5.25%. […]
- [Why Are Mortgage Rates Going Down When The OCR Isn’t?](https://mortgagesuite.co.nz/what-mortgage-rates-going-down-ocr-isnt/): In the last couple of weeks, the major banks have all announced reductions in their fixed term rates. This is exciting news for borrowers and those with mortgage rates about to come up for renewal. But, one factor remains constant… the OCR. It has sat at 5.5% since May 2023. So, what is causing the mortgage rates to decrease? Let’s look into that now. Mortgage Rates Are Decreasing Back on 11th July, Westpac was the first of the major banks to announce significant cuts to their fixed term mortgage and term deposit rates. They knocked 25 basis points off the […]
- [Why Is It Taking So Long For Inflation To Go Down?](https://mortgagesuite.co.nz/why-taking-long-inflation-go-down/): Inflation. It is a word we’ve heard a lot of in NZ recently. It is the reason monetary policy remains so tight and why the OCR has not yet come down. So, why is it taking so long for the tough regulations set by the Reserve Bank to take effect? Why is inflation so persistent? Let’s have a look at the answer to this question now and what the predictions are for when we might start to see some relief in mortgage rates. Why Won’t Inflation Go Down? It is well known that the Reserve Bank (RBNZ) is being tough […]
- [New Debt-To-Income Ratios: What You Need To Know](https://mortgagesuite.co.nz/new-debt-to-income-ratios-what-you-need-to-know-mortgage-suite/): The Reserve Bank has indicated that the debt-to-income ratios they had been signalling will be introduced from 1 July 2024. We’ve previously discussed debt-to-income ratios, but now that the Reserve Bank has confirmed what their regulations will look like, it’s timely to explore DTIs in greater detail! So, what are they exactly and how might they impact the borrowing power of New Zealanders? Let’s discover the answer to those questions now. What Is A Debt-To-Income Ratio? The debt-to-income ratio being introduced by the Reserve Bank is a financial metric used to assess the ability of borrowers to manage their debt […]
- [Are Short Term Mortgage Rates Better Than Longer Ones?](https://mortgagesuite.co.nz/are-short-term-mortgage-rates-better-than-longer-ones/): Are Short Term Mortgage Rates Better Than Longer Ones? The question on everyone’s lips… when will mortgage rates start going down again? Many economists are predicting that interest rates have reached their peak. And people are voting with their actions – 56% of new loans, bank switches and top ups are currently fixed at terms of 1 year or less. But of course, you never know what could be just around the corner for the economy. So, with that in mind, is a short term mortgage rate the way to go right now? Let’s explore your options. The Benefits Of […]
- [Where Does Your Money Go When Interest Rates Rise?](https://mortgagesuite.co.nz/where-does-money-go-when-interest-rates-rise/): In the last couple of years, interest rates have crept up and up. In fact, many people’s mortgage rates have doubled since 2021. We know the OCR has climbed, but is that the whole reason for skyrocketing interest rates? With banks still recording record profits, you might be wondering where the extra money you are now paying for your mortgage actually goes. Let’s take a look at the answer to where your money goes when interest rates rise.   Where Does My Money Go? When interest rates rise, does the bank just pocket the extra money that you are paying? […]
- [Why Are Interest Rates So Volatile Right Now?](https://mortgagesuite.co.nz/what-interest-rates-volatile-right-now/): 2023 closed with the promise of interest rate relief hanging in the air. The inflation numbers were going in the right direction and all the predictions were for the OCR to drop at some point in 2024, and interest rates with it. Now, we sit on the eve of the first OCR decision of the year and we are being warned it could go up. How did we get here and when will we see the relief we have been promised? Let’s explore. Why So Volatile? The Reserve Bank has been very clear on its stance that they do not […]
- [What Will Happen To Interest Rates In 2024?](https://mortgagesuite.co.nz/what-will-happen-interest-rates-in-2024/): New year, new interest rates? That’s what most mortgage holders are hoping for anyway! But, will it actually happen? Let’s take a look at what’s been happening in the world of finance and property over summer and what the economists think will happen to interest rates in 2024 – the 12 months ahead. Inflation On 24 January, the new inflation figures were released. Currently, inflation is sitting at 4.7%. This is down from a peak of 7.3% in June 2022, but still outside the Reserve Bank’s targeted window of 1-3%. However, they had forecasted an inflation rate of 5% for […]
- [10 Top Holiday Season Money Saving Tips](https://mortgagesuite.co.nz/10-top-holiday-season-money-saving-tips/): It is almost that time of year again. Sleigh bells will be ringing, the weather is warming (hopefully), and you’ll be shopping up a storm for pressies and ingredients for the family Christmas meal. But, this Christmas might feel a little different to previous ones. Especially if you’ve just refixed your mortgage at a much higher interest rate. So, we’ve been busy making a list of all the nice things you can do to save some money these holidays so that you can avoid Santa’s naughty finance list! 10 Holiday Season Money Saving Tips 1: Set A Budget It is […]
- [Are Interest Only Loans A Way To Save Money On Your Mortgage?](https://mortgagesuite.co.nz/interest-only-loans-way-save-money-mortgage/): As we all watch mortgage rates climb higher still, you’d be forgiven for trying to find ways to save some money each month. There is only so far budgeting and cutting out luxuries will get you. Sometimes, you might feel like a more drastic saving plan is needed. Part of that exploration might include looking for ways you can save on your mortgage. Recently, we’ve had some queries about interest only loans so thought we’d provide greater detail about what they are along with some ways you might be able to save money on your mortgage.   What Is An […]
- [The Tricky Job of Reducing Inflation](https://mortgagesuite.co.nz/tricky-job-reducing-inflation/): It’s common knowledge that inflation has been too high for too long in NZ. And we’ve heard all the experts telling us that it’s a really bad thing. But, why is that? How does inflation have a vice-like grip on our economy right now and why has it not gone down despite interest rates sky rocketing and households feeling the pinch? Well, let’s look at that question now and explore how tricky the job of reducing inflation seems to be. Why Is It Bad To Have High Inflation? In New Zealand, the target inflation rate is between 1 – 3%. […]
- [How Long Should I Fix My Mortgage For?](https://mortgagesuite.co.nz/how-long-fix-my-mortgage-for/): Why Do Mortgage Rates Keep Going Up? If you’ve been keeping on top of the announcements by the Reserve Bank, you’ll know that the Official Cash Rate (OCR) has remained at 5.5% since 24th May 2023. And as we’ve previously learned, the OCR is a large player in dictating how interest rates will be set. So, if the cash rate hasn’t moved since May, why do mortgage rates keep increasing? Well, a lot of it is down to the cost of doing business. BNZ has quoted, “The cost of funding, which is predominantly determined by the rates banks can borrow […]
- [What Is Inflation And Why Does It Push Interest Rates Up?](https://mortgagesuite.co.nz/what-inflation-why-push-up-interest-rates/): We have heard an awful lot about inflation in the last few months. But what exactly is it and why is it having such a big impact on mortgage rates? We’ll explore that questions and what’s been happening in the world of finances now… What Is Inflation? We’ve all heard the word inflation before, and know that it can have a big impact on the general economy. But, what is inflation actually? Well, inflation refers to the general increase in the prices of goods and services within an economy over a period of time. When inflation rises, each unit of […]
- [The Value Of A Mortgage Adviser In Hard Times](https://mortgagesuite.co.nz/value-mortgage-adviser-hard-times/): It’s no secret that times are tough right now. Most families are really feeling the pinch with living costs dramatically rising in the last year. And, don’t get us started on the interest rates! In tough times, it is important to lean on the knowledge of experts. Right now, a mortgage advisor is one of the best experts you can engage. Why is that? Read on to find out the answer and to see what is currently going on in the world of finance. The Value Of A Mortgage Adviser In Hard Times When the economy feels like it is […]
- [When Should You Use Fixed Mortgage Rates?](https://mortgagesuite.co.nz/when-use-fixed-mortgage-rates/): For the last few years, there has been a lot of talk about fixed mortgage rates. First, they were super low. Now, they are peaking at rates that are unsustainable for some households. So, let’s explore fixed mortgage rates in greater detail. What are they, why should you choose them, and when should you use them? You’ll find the answers to all those questions in this article, along with a quick update on what is happening in the financial markets mid-2023. What Are Fixed Mortgage Rates? A fixed mortgage rate refers to a mortgage loan where the interest rate remains […]
- [What Is A DTI And What Impact Will It Have?](https://mortgagesuite.co.nz/what-dti-what-impact-will-have/): It seems imminent that the Reserve Bank will impose its debt-to-income (DTI) restriction tool for new borrowing as early as March 2024. So, what is a DTI and how will it impact you? That is exactly what we are exploring today, along with a quick peek at what’s been happening in the property world in the last month. What Is A DTI? A debt-to-income ratio (DTI) is a calculation used by lenders to assess a borrower’s ability to repay a mortgage. It is calculated by establishing the percentage of a borrower’s gross income that is used to repay debt, including […]
- [What Is The OCR And Why Do The Reserve Bank Keep Raising It?](https://mortgagesuite.co.nz/what-ocr-why-reserve-bank-keep-raising/): You are probably sick of seeing news article after news article announcing that the Reserve Bank has raised the OCR again. After all, what is the OCR and what does it have to do with steadily climbing mortgage rates? Let’s look into the answers to those questions now and take a peek at what’s happened in the world of home loans in the last month. What Is The OCR? OCR stands for Official Cash Rate. The Official Cash Rate is the interest rate that the Reserve Bank of New Zealand sets to influence monetary policy in the country. The OCR […]
- [How Do Banks Set Their Mortgage Rates?](https://mortgagesuite.co.nz/how-banks-set-mortgage-rates/): As Autumn rolls in and we continue to see more than gloomy weather! As another predicted OCR rise comes into play, we are hearing about another round of mortgage rate increases. But, how much does the OCR really impact mortgage rates? This month, we thought we’d explain some of the factors that contribute to how Lenders set their mortgage rates. So, read on to find out more about that and a quick update on the March finance market. How Do Banks Set Mortgage Rates? When you take out a mortgage with a bank, you know that you are going to […]
- [Our Top Tips For Budgeting And Saving Money in 2023](https://mortgagesuite.co.nz/top-tips-budgeting-saving-money-2023/): Start Of 2023 Wrap Up What has the new year brought in terms of finance and property news? Here is a quick recap of the highlights: Home Loan Rates While home loan rates have certainly risen in the last year, it could be worse! They are not keeping pace with the OCR increases. In the last year, the OCR has increased by 4%, but on average, the one year fixed term rate has only increased by 3.68% [source]. The Reserve Bank is predicting further OCR rises, but they may not have to raise it as high as first thought [source]. […]
- [Inflation, Interest Rates, Recession: The 2022 Wrap Up](https://mortgagesuite.co.nz/inflation-interest-rates-recession-2022-wrap-up/): Inflation, Interest Rates, Recession: The 2022 Wrap Up Firstly, we want to thank all of our customers, banks we have worked with and business partners for making 2022 such a successful year. We hope you all have a wonderful holiday celebration with your friends, families and loved ones. We’ll be taking a short break over Christmas, closing on the 23rd December and returning on 17th January. Now, let’s take a look at how the year finished… 2022 Wrapped Up 2022 is drawing to a close. Will the year finish on a high? Inflation, interest rates, property prices and a potential […]
- [Is It A Good Time To Be A Buyer?](https://mortgagesuite.co.nz/good-time-home-buyer/): With the weather warming, it feels like summer is around the corner. But unfortunately, the property sector still isn’t really seeing the sunshine. Most of the banks are currently in a happy spot, with BNZ, Westpac, ASB and ANZ all reporting record profits, but homeowners and those looking to buy still won’t be all that happy. So let’s have a look at what’s happening in the sector this month. It’s Actually A Reasonably Good Time To Be A Home Buyer The latest QV House Price Index shows average house prices are down more than $100,000 over the course of this […]
- [The OCR Is Up Again, What Does That Mean For Mortgage Holders?](https://mortgagesuite.co.nz/mortgage-holders-ocr-up-again/): The clocks have changed, and the days are getting longer and lighter. But are things looking brighter in the property market? Well, if we are honest, things aren’t looking that much brighter… yet. But, there are signs of new life, just like the new life that is beginning to spring up as the seasons change. So, let’s dive in and see what has happened in the world of finance and property in the last month. RBNZ Has Raised The Offical Cash Rate (OCR) Again While not totally unexpected, this month’s big news is another rise in the OCR. RBNZ has […]
- [Is The Spring Property Market Signalling A Renewal?](https://mortgagesuite.co.nz/spring-property-market-signalling-renewal/): Spring has sprung! So, what does that mean for the world of finance and property? Well, on the face of it, lots is the same – there is still reasonably low confidence in the market, house prices are continuing to fall lower and mortgage rates are creeping up. But, with spring here, there’s hope that things might start turning around soon. Let’s take a look at what’s going on right now. Mortgage Rates Are Creeping Up It wouldn’t be a monthly update without a look at the latest mortgage rates. Last month we reported that rates had been dropping, especially […]
- [Are We Entering A Buyers Market?](https://mortgagesuite.co.nz/are-we-entering-a-buyers-market%ef%bf%bc/): This month, the news from the housing market is actually quite cheerful – at least if you are a buyer. Mortgage rates have dropped again, prices are lower, and there are plenty of properties to choose from. Don’t panic if you are considering selling though, it’s not all bad news. Let’s look at the latest news and see what bright spots there are for buyers this month. Are We Entering A Buyers Market? More Good News For Mortgage Rates Last month we reported good news with drops in mortgage rates, and there’s more of the same this month. Most major […]
- [Wait… What? Mortgage Rates Are Dropping Again?](https://mortgagesuite.co.nz/mortgage-rates-dropping-again/): It might feel like all you hear is bad news when it comes to property and finances lately. It’s still not a pretty picture in the housing market, but it’s not all doom and gloom either. This month we are bringing you some bright spots. Mortgage rates have dropped slightly, yes, you did hear that right! And, there might be more changes on the horizon for the CCCFA that could relieve lending issues. So, let’s look at all the aspects that have been affecting the market since our last update.   More Changes To The CCCFA? In case you haven’t […]
- [CCCFA Changes Are Finally Revealed - What Do They Mean?](https://mortgagesuite.co.nz/cccfa-changes-finally-revealed/): Changes To The CCFA Revealed It’s no secret that the Credit Contracts and Consumer Finance Act (CCFA) was not loved by many. It has been widely criticised for bringing in too much paperwork and causing issues for capable borrowers. Less than two months after the rules came in, a review was ordered and after submissions changes have now been announced. These changes include: Clarifying that when borrowers provide a detailed breakdown of future living expenses there is no need to inquire into current living expenses from recent bank transactions. Removal of regular ‘savings’ and ‘investments’ as examples of outgoings that […]
- [Interest Rates Are Rising, But What Else Is Happening?](https://mortgagesuite.co.nz/interest-rates-rising-what-else-happening/): With the Reserve Bank raising the OCR to 1.5% in April, it is no surprise that interest rates are on the rise again. Oh, and the eagerly awaited changes to the CCCFA are expected to be announced soon (watch this space). But, what else has changed since our last update? What’s happening with property prices, mortgages and the cost of living? Let’s look into all of those things now.   Property Prices Are Trending Down For a few months now, these updates have included news about property prices falling and this month is no different. Recent data shows that both […]
- [Is Market Volatility Creating A Buyer’s Market?](https://mortgagesuite.co.nz/market-volatility-creating-buyers-market/): Interest Rate Update It wouldn’t be a monthly roundup without some information about what interest rates are currently doing! So, here is the lowdown: Longer term interest rates are continuing to rise. Back in March 2021, the average 5-year rate was 3.78%, in February this year, it was 5.47%. Now, the main banks have 5-year rates between 5.69% and 6.09%. With rates keeping up, it is definitely time to consider what this means for your repayments. “For borrowers with a $500,000 home loan, the difference between those two rates is just over $220 a fortnight, on a 25-year loan term.” […]
- [Three Good Reasons to Invest in Commercial Properties](https://mortgagesuite.co.nz/three-good-reasons-to-invest-in-commercial-properties/): The New Zealand real estate market is going uphill in a low-interest-rate environment for both residential and commercial properties. In a time when house prices are skyrocketing, more and more investors are looking at commercial properties as an investment opportunity for long-term and big returns. They offer several advantages over residential properties in terms of better upkeep and higher incomes in your portfolio. Commercial property investment is very different from investing in residential properties. One needs to look at zoning laws, risk profiles, tax regulations, and return possibilities before investing in a commercial place. However, there are plenty of lenders […]
- [Top Tips for Obtaining Small Business Loans](https://mortgagesuite.co.nz/top-tips-for-obtaining-small-business-loans/): Today, small company loans are available from several traditional and unconventional lenders. These loans can help your organization expand, improve sales and marketing activities, and allow you to hire new employees, among other things. To begin, you must research several business loans in New Zealand. Getting a loan approved can be difficult if the lender isn’t confident in your ability to repay it. There are also a few frequent blunders that many business owners make when applying for their loans. Before you fill out your business loan application, there are a few things you should know. Determine the Purpose of […]
- [Is The Property Market Finally Trending Down?](https://mortgagesuite.co.nz/property-market-trending-down/): Mortgage Rates Look Set To Keep Rising We have seen ANZ raise mortgage rates again this month, and the other big banks are likely to follow suit. Most of the rate changes have been related to fixed mortgage rates. That means you aren’t likely to be affected until you have to re-fix your mortgage. But, it’s good to be mindful of the changes now so that you know what is coming up. “The latest changes from ANZ aren’t major – a small step in what could be a long relentless climb over the next few months…For those watching financial markets […]
- [Are You Eligible for First Home Buyers Loan in New Zealand?](https://mortgagesuite.co.nz/are-you-eligible-for-first-home-buyers-loan-in-new-zealand/): Homeownership can be challenging, especially when you are buying your first home. Buying your first home takes careful planning, research, and serious budgeting to meet certain financial and legal criteria. It is often the biggest financial decision one will make in his entire life, and with the right help and mortgage assistance, it is not impossible. When you are planning to buy your first home, there are several lending options available to fulfill your dream of homeownership. Understanding how the whole process works and what are specific lending criteria for your specific situation is the key to planning successfully for […]
- [Is It Harder To Get A Mortgage?](https://mortgagesuite.co.nz/is-it-harder-to-get-a-mortgage/): Is it harder to get a mortgage in 2022? For many, it feels like it is harder than ever before! There have been numerous reports of people’s applications being declined for buying lotto tickets, coffees, and too many takeaways. There was one particularly memorable story about a lady unable to get a mortgage top up for urgent house repairs due to a $187 Christmas shopping trip to Kmart. So, is it really harder to borrow right now? And what’s causing it? Let’s look into these questions now and explore what else is going on in the world of property and […]
- [Property Market 2022: Our Predictions](https://mortgagesuite.co.nz/property-market-2022-predictions/): What does the property market 2022 have in store for us? Is it harder to get a loan? Will a buyers market emerge? Find the answers to those questions here.
- [Interest Rates Are Rising But Are Property Values?](https://mortgagesuite.co.nz/interest-rates-rising-property-values/): As 2021 enters its final weeks, there is no shortage of financial news and property developments. We know that interest rates are on the rise. But are property prices still going up too? And is it still a good time to fix your mortgage rates? Well, it’s time to answer all those questions and more in this month’s write up of what is happening in the world of property and finance. Let’s jump in! Is Long Term The Way To Go? For a long time, the trend has been to have a portion of your mortgage fixed at a 1 […]
- [Are Increased Inflation Rates On The Way?](https://mortgagesuite.co.nz/increased-inflation-rates/): Even if you don’t have your ear to the wall in the finance and property world, you’ll have heard whispers about the state of the economy in New Zealand lately. It’s hard to avoid, with inflation rates soaring, mortgage rates continuing to increase month by month, and the long-awaited loosening of restrictions bringing hope of economic recovery. This month’s hiking inflation rates bring trickle-down effects to mortgage rates and attempts by the RBNZ to balance that booming housing market. So, what does it all mean for you? Let’s take a look at the most important things you need to know […]
- [What does the OCR increase mean for you?](https://mortgagesuite.co.nz/what-does-the-ocr-increase-mean-for-you/): What’s Happening In Finance and Property Right Now? Amidst the rollercoaster of lockdowns and the ongoing restrictions in our largest city, life goes on in the world of finance and property! Overall, it appears that the economy is strengthening despite the hardships suffered by many businesses – especially those hit hard by the Auckland lockdown. There have been some significant updates in the last four weeks, most notably, the predicted increase of the official cash rate. Over the last quarter, the slowdown of growth in property prices has turned around, with prices experiencing significant increases throughout September and October. Let’s […]
- [What’s Happening In Finance And Property Right Now?](https://mortgagesuite.co.nz/whats-happening-in-finance-and-property-right-now/):   There has been lots of news about how the property market is going crazy. House prices are rapidly rising, by as much as 20% in a year. And there are mixed messages in the market with some interest rates being cut and some being pushed up. So, what does it all mean for you? Let’s take a look at what is currently going on in the world of finance and property…   Record Low Rates It has long been known that New Zealand has a supply and demand issue when it comes to housing. Basically, there just aren’t enough […]
- [Finance And Property – What’s Happening Right Now?](https://mortgagesuite.co.nz/finance-and-property-whats-happening-right-now-2/):   According to the latest data from the Real Estate Institute of New Zealand, Auckland’s median house price is at an all-time high of $1.12 million. That’s an increase of 18.5% on March 2020. The number of properties sold in March also hit new highs. In Auckland, the year-on-year increase was nearly 50%. And the data also suggests that properties are selling at a faster pace than ever. In March, the median number of days to sell in Auckland decreased from 33 to 31, the lowest it’s been for six years. However, the supply of housing continues to be an […]
- [The Current Financial Position - February 2021](https://mortgagesuite.co.nz/the-current-financial-position-february-2021/): Will Mortgage Rates Rise Or Not? We all know that the low mortgage rates cannot last forever, but just how long will they last for? There are two different opinions out in the market currently. Firstly, Reserve Bank Governor, Adrian Orr, is saying that lenders are not doing enough to pass on the benefits they are receiving from a low OCR. “Orr said the central bank wanted to see its monetary policy support passed on. He set out a “clear message” for lenders. “We are watching to see what their lending rates do. We’re aware there’s more than one source, […]
- [Finance And Property - What’s Happening Right Now?](https://mortgagesuite.co.nz/finance-and-property-whats-happening-right-now/): What Is The Property Market Doing? There is definitely no sign of the housing market cooling. In fact, it appears to be booming more than ever before. Barfoot and Thompson have reported selling 60% more homes in January 2021 than in January 2020. “This January was the most active January we have experienced as an agency for 17 years,” Barfoot & Thompson Managing Director Peter Thompson said. “Even during the height of the last property cycle we never came close to selling this many homes in a January.” [source] But it is not only volume that is climbing, prices are […]
- [Finance And Property - What Is Happening Right Now](https://mortgagesuite.co.nz/finance-and-property-what-is-happening-right-now/): Soaring Housing Market It is no secret that house prices have risen significantly this year. With historically low interest rates, less available housing stock and greater demand for houses, it is to be expected. The housing situation has been called a ‘decades-long’ problem by economists. “Senior economist Mark Smith believes changes are “well overdue”, and policy experts and politicians need to come together to fix the housing market problem.” [source] There have been calls for the Reserve Bank to add housing prices to their monetary policy. They are already making some moves to cool the price hikes by reintroducing LVRs […]
- [The Current Financial Position Explained - October 2020](https://mortgagesuite.co.nz/the-current-financial-position-explained-october-2020/): What Is Quantitative Easing? You may have heard the term Quantitative Easing thrown around in terms of stimulating the economy. So, what does it actually mean? Well, we know that the Reserve Bank is in charge of setting monetary policy for New Zealand. They use a number of tools to keep the economy financially stable. One is the OCR. By keeping it low it stimulates economic growth and inflation. Another tool they use is Quantitative Easing (QE). Essentially, QE involves the Reserve Bank creating new money and using it to buy existing financial assets like bonds. The extra demand for […]
- [The Current Financial Position Explained - September 2020](https://mortgagesuite.co.nz/the-current-financial-position-explained-september-2020/): Could Aussie Lending Changes Impact Us? Recently, the Australian government relaxed their lending laws, removing a lot of the red tape from the lending process. “The rules have long been blamed for overly-conservative lending by the Australian-owned big four lenders. “The [lending code] has forced lenders to use a calculator as the yes or no tool and not considered the liquidity of assets and quality of the clients.” [source] While New Zealand lenders are still subject to the Responsible Lending Code, brokers are hoping that the Aussie changes may contribute towards a rethink on mortgage lending in NZ. If changes […]
- [The Current Financial Position Explained - August 2020](https://mortgagesuite.co.nz/the-current-financial-position-explained-august-2020/): What Is Happening To The Economy? It is no surprise that the economy has had another wobble with the reinstated lockdown procedures in Auckland, and level 2 restrictions in the rest of the country. Business confidence is low as trading feels uncertain. It is hard to predict what the future might look like with the ever-present threat of COVID in the air. Will we need further lockdowns? How will this impact businesses, jobs, and communities? Unfortunately, no one really knows what the future holds on this front. What we do know is that the economy has already started to contract. […]
- [The Current Financial Position Explained - July 2020](https://mortgagesuite.co.nz/the-current-financial-position-explained-july-2020/): Extended Mortgage Holidays Finance Minister Grant Robertson has indicated that the extension of mortgage holidays would be “justified” for those that are still struggling with their mortgage payments as a result of COVID-19. “During the Covid-19 lockdown in March, the Reserve Bank, government and retail banks agreed a support package to grant payment deferrals or shifts to interest-only for six months, to help hard-up households. As the six-month period nears its end, politicians are keen to avoid a spate of home loan defaults and are reviewing further breaks for those who have lost their jobs. Robertson told Stuff: “The advice […]
- [The Current Financial Position - June 2020](https://mortgagesuite.co.nz/the-current-financial-position-june-2020/): The OCR Holds The Reserve Bank has decided to keep the OCR at 0.25 percent for now. Their reasoning was as follows… “New Zealand has contained the spread of COVID-19 locally, for now, enabling relaxation of social restrictions and an earlier resumption of domestic economic activity than assumed in our May Monetary Policy Statement. The Government’s intended fiscal stimulus, announced in its May Budget, was also slightly larger than we assumed. These outcomes give cause for some confidence but significant economic challenges remain.” [source] What does that mean for the future? Well, the Reserve Bank will continue to monitor the […]
- [The Current Financial Position - Post-Lockdown Update](https://mortgagesuite.co.nz/the-current-financial-position-post-lockdown-update/): What Is Going On In The Financial World It is no surprise to learn that April was one of the lowest months on record for mortgage lending. Obstructed by social distancing and no open homes, the real estate market definitely took a dive over lockdown. Coupled with many opting to take on deferred payments or interest-only options on their existing mortgages, banks were thrust into a stage of treading water. The Reserve Bank notes, “housing market activity only resumed a few weeks ago as the nation entered level two lockdown. The sharp fall underlines the huge damage caused by Covid-19, […]
- [What Are My Finance Options Right Now?](https://mortgagesuite.co.nz/what-are-my-finance-options-right-now/): Financial Subsidies The government are currently offering subsidy payments to businesses that have been impacted by COVID-19. There are currently two different options available: Wage Subsidy: This subsidy is designed to help employers (including sole traders) to continue to pay wages and retain their employees if they have seen a downturn in business. To qualify, your business must have seen a 30% decrease in income during one month of the COVID-19 experience. There are options to apply for both part and full-time employee subsidies. The figures are set at $350 per week for part-time staff and $585.80 per week for […]
- [The Current Financial Position Explained - February 2020](https://mortgagesuite.co.nz/the-current-financial-position-explained-february-2020/): The OCR This month, the Reserve Bank revealed they have decided to keep the official cash rate (OCR) on hold at 1%. There have been promising signs of economic growth with employment at its maximum sustainable level and inflation close to the 2% target range. They expect this growth to continue into 2020 with indications of strong government investment, increased infrastructure and higher household spending. However, it is not all smooth sailing. “Soft momentum in economic growth has continued into early 2020. Slower global growth over 2019 acted as a headwind to domestic growth. In addition, competitive pressures and recent […]
- [The Current Financial Position Explained - January 2020](https://mortgagesuite.co.nz/the-current-financial-position-explained-january-2020/): Strong Mortgage Lending According to the latest figures from the Reserve Bank, mortgage lending was very strong in December. “At $6.53 billion, total mortgage lending last month was more than $1 billion higher than December 2017 and 2018, according to new RBNZ statistics. A total of $5.3 billion was borrowed in December 2018. While total lending was down on November’s $6.7 billion, the figures underline a resurgent housing market, boosted by record-low interest rates, in the final months of 2019. With the exception of November 2019, last month marked the highest mortgage lending figures since May 2018.” [source] It is […]
- [The Current Financial Position - December 2019](https://mortgagesuite.co.nz/the-current-financial-position-december-2019/): Changes To Standard Sale & Purchase Agreements Almost any Sale & Purchase Agreement for property will contain a clause pertaining to the buyer’s finance. Basically, this clause gives buyers the freedom to pull out of an agreement if they suddenly find that they cannot obtain finance from their lender. This is a great safeguard for anyone that has to borrow money to complete their property purchase. Unfortunately, for some buyers, it has also become an easy out if they change their mind about the property. Until now, the buyer’s word was sufficient proof that they could not obtain finance. But, […]
- [The Current Financial Position Explained - October 2019](https://mortgagesuite.co.nz/the-current-financial-position-explained-october-2019/): Will The OCR Drop Again? There are mixed opinions in the market as to whether the OCR will be cut further in November. Currently, there are two distinct opinions running. The first is that the OCR will be cut further due to low business confidence. In fact, at the end of September, NZIER data revealed that business confidence was the lowest we have seen since 2009. “Westpac economists, including Dominick Stephens, say the weak confidence “adds to the likelihood of another OCR cut at the November Monetary Policy Statement, despite the RBNZ’s seemingly noncommittal comments at its September review” [source]. […]
- [The Current Financial Position Explained - Sept](https://mortgagesuite.co.nz/the-current-financial-position-explained-sept/): OCR Rate Remains Steady Amongst a sea of speculation, the Reserve Bank has decided to keep the Official Cash Rate at 1.0 percent. This decision is based on the fact that the last drop in the OCR seems to have had the desired impact for now. “Stephen Toplis, head of research at BNZ, said the announcement was “almost identical to what we had anticipated”. Toplis added: “The Reserve Bank governor was on record as saying that the drop of 50 basis points allowed them to get ahead of the market, and reduced the need for more cuts later … They […]
- [The Current Financial Position Explained – August 2019](https://mortgagesuite.co.nz/the-current-financial-position-explained-august-2019/):   Historic OCR Cut Economists had been predicting the Reserve Bank would cut the Official Cash Rate (OCR) in August. But none had predicated that the cut would be quite so much. The general consensus was that the OCR would be lowered by 25 basis points. However, the Reserve Bank shocked everyone when they cut the rate by 50 basis points instead, bringing it to a historically low 1%! This is the biggest cut we have seen since March 2011. We knew the cut was coming as the result of ongoing slow economic growth and global concerns. But why was it […]
- [The Current Financial Position Explained – July 2019](https://mortgagesuite.co.nz/the-current-financial-position-explained-july-2019/):   The OCR Could Fall Further You may remember that last month the prediction from leading economists was that the OCR was to remain constant. Well, this month that has all changed. In fact, the new prediction is that the rates will fall further in both August and November. Westpac, ASB and ANZ are all predicting that the Reserve Bank will lower the Official Cash Rate in both August and November. Westpac chief economist Dominick Stephens, says the “domestic economy has clearly slowed further than anticipated”, and the slowdown will prompt the RBNZ to take drastic action. [source] The Reserve Bank’s predicted […]
- [The Current Financial Position Explained - June 2019](https://mortgagesuite.co.nz/the-current-financial-position-explained-june-2019/): Every month it seems we are writing about a new low mortgage rate. And this month is no exception! The rates have continued to drop to unprecedented lows. Every bank has some kind of an offer on the table that is under the 4% threshold. The big four – Westpac, BNZ, ASB, and ANZ – are all offering a rate of 3.85% for 2 years or 3.85% even for 3 years. Kiwibank and TSB also have interest rates under the 4% mark too. Basically, there has never been a better time to review your mortgage. If you haven’t looked at […]
- [What The Lowering Of The OCR Means For You](https://mortgagesuite.co.nz/what-the-lowering-of-the-ocr-means-for-you/): As the Reserve Bank deliberated over a decision, we all sat waiting with bated breath. What would the outcome be? On Wednesday 8th May, we got the answer. The Official Cash Rate (OCR) was officially lowered to 1.5%. Let’s look into why the Reserve Bank chose to make the decrease, what it means for you, and if the experts think it will drop any further. Why The OCR Was Cut The main reason behind the decision to lower the OCR was to strengthen New Zealand’s economy. Since mid-2018, global economic growth has slowed. This has seen foreign central banks ease […]
- [Current Financial Position Explained - April 5th](https://mortgagesuite.co.nz/current-financial-position-explained-april-5th/): The OCR The Official Cash Rate was reviewed last week. As I explained last month, the OCR, or Official Cash Rate, is an interest rate set by the Reserve Bank. This rate affects all other interest rates offered by the various lenders in New Zealand. It is effectively the wholesale price for borrowing or lending money in New Zealand. It is set by the Reserve Bank to ensure that there is price stability for Kiwis. This rate is reviewed 7 times a year to ensure that it is kept up to date with the current position of the country. The […]
- [The Current Financial Position Explained](https://mortgagesuite.co.nz/the-current-financial-position-explained/): The OCR The OCR, or Official Cash Rate, is an interest rate set by the Reserve Bank. This rate affects all other interest rates offered by the various lenders in New Zealand. It is effectively the wholesale price for borrowing or lending money in New Zealand. It is set by the Reserve Bank to ensure that there is price stability for Kiwis. This month, the Reserve Bank indicated that the OCR will remain the same at 1.75%. It is expected to remain that way for the rest of 2019 and 2020. A review is scheduled for 2021 and at this […]
- [The Latest News on Mortgage Rates](https://mortgagesuite.co.nz/the-latest-news-on-mortgage-rates/): Why Are The Rates So Low? By the end of 2018, home mortgage rates dipped below 4%, the lowest recorded rate since the 1940s! Rates are still hovering around that 4% mark with many lenders offering even further sweetners at various times. So, why are rates so low? Many events have combined to bring interest down to the current level. The influx of springtime and summer house sales, the steady OCR rate, the steady demand for houses in the major centres.  The economy remains strong – with low unemployment and inflation rates. This adds up to lending confidence. The banks […]
- [Manage Your Christmas Finances So You Don’t Jeopardise Your Borrowing Power](https://mortgagesuite.co.nz/manage-your-christmas-finances-so-you-dont-jeopardise-your-borrowing-power/): Keep Your Christmas Spending In Check Short term debt can kill your chances of being approved for a mortgage. One of the biggest threats at this time of year is running up large amounts on your credit card. The cliche that it is ‘the thought that counts’ is so relevant at this time of the year. You don’t have to break the bank when buying gifts for your friends and family. Remember that holiday spending does not have to be expensive. People do not need top of the range gadgets, gourmet foods, top shelf drinks, or business class flights to […]
- [Buying Or Refixing? Why Now Is The Best Time To Examine Your Mortgage](https://mortgagesuite.co.nz/buying-or-refixing-why-now-is-the-best-time-to-examine-your-mortgage/):   Buying Or Re-fixing? Why Now Is The Best Time To Examine Your Mortgage Should I Buy Now? So, should I buy a home now? The short answer to this question is yes. But only if you are in an appropriate position to do so. Even though the rates are low, you still need to be able to service the repayments without putting yourself into financial trouble. Working with us here at Mortgage Suite will help you to understand what your borrowing power is and the kind of home you could purchase. You might be surprised at what is available […]
- [October 2018 Newsletter](https://mortgagesuite.co.nz/october-2018-newsletter/)
- [You alone have to OWN your home-buying journey…](https://mortgagesuite.co.nz/you-alone-have-to-own-your-home-buying-journey/): “As a first-time home buyer, the most important thing to remember is that the only person who can understand your unique position is you. You alone have to ‘own’ your home-buying journey…even if others are propping you up with support. There are always your families, your friends and work colleagues giving you advice and the advice can even come from people who haven’t stepped into the market for decades or more. Therefore it is important that you receive qualified and knowledgeable advice from the experts. 1. Getting your finances sorted. Facing facts: Until you know what you can afford, it’s […]
- [Five Money Saving](https://mortgagesuite.co.nz/five-money-saving/): Loan Market welcomes interested mortgage advisers from across New Zealand with a passion for finance and the provision of excellent service.
- [Investment Market](https://mortgagesuite.co.nz/investment-market/): looking very good
- [First Home Buyers](https://mortgagesuite.co.nz/first-home-buyers/): Loan Market welcomes interested mortgage advisers from across New Zealand with a passion for finance and the provision of excellent service.
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- [Bridging Finance](https://mortgagesuite.co.nz/services/bridging-finance/): bridging finance Are you looking for bridging loans for proper transition between two projects without facing any cash flow gap? At Mortgage Suite, we offer a wide variety of bridging loan solutions from several bridging finance companies in NZ. For homeowners, bridging finance loans in NZ allows them to move quickly to a new home while waiting for the right buyers for their existing home. A bridging finance loan is a short-term loan to bridge the gap between two home loans. Bridging loans are used to bridge the cash flow timing gap until the sale and purchase process on both […]
- [NON - Bank Lending](https://mortgagesuite.co.nz/services/non-bank-lending/): welcome home loans If you are unable to save for a 20% deposit for your home loan, New Zealand Welcome Home Loans are for you. The welcome home loan is a scheme for people with moderate incomes and a dream to buy their own homes. It is managed by Housing New Zealand and is not subject to the Reserve Bank’s loan to value rules (LVR). At Mortgage Suite, we help people with moderate incomes but capable of making mortgage repayments to get a home loan with a minimum deposit of only 10% under the welcome home loan scheme. Individuals can […]
- [Mortgage Refinance](https://mortgagesuite.co.nz/services/mortgage-refinance/): mortgage refinance Want to refinance your mortgage in New Zealand? Mortgage Suite is here to get you the best deal from many mortgage refinancing companies in NZ as per your specific requirements and the level of services you want. If you are not getting the best deal and level of services you want from your current lender, it’s time to switch. We can help you with the right advice on how to best structure your mortgage by understanding your financial position and goals. We also help you restructure your mortgage with your existing lender for better terms and interest rates […]
- [Property Development Funding](https://mortgagesuite.co.nz/services/property-development-funding/): property development funding Are you looking for your finance options for property development in New Zealand? Mortgage Suite can help you secure the best and most affordable property development funding in NZ for all types of projects including residential development, commercial and retail projects. Commercial development loans in NZ are provided by both bank and private lenders, and we help you get your loan from the lender that best suits you and your financial goals. As an experienced loan advisors in New Zealand, we understand that each property development project has its strengths and weaknesses. It is hard to be […]
- [Commercial Loans](https://mortgagesuite.co.nz/services/commercial-loans/): commercial loans Are you looking for commercial property loans in New Zealand? Mortgage Suite is the ideal place for those looking to accelerate commercial acquisition and maximize returns through commercial loans across NZ. We are the best mortgage broker in Auckland and understand that most large commercial transactions are time-sensitive. So, we do all the chasing and running to settle loan disbursal as early as possible after submitting the loan application. Commercial loans are a loan secured by commercial and industrial properties to run a business such as a retail store, dairy, showroom, and so on. Commercial and industrial property […]
- [Business Loans](https://mortgagesuite.co.nz/services/business-loans/): business loans Do you need capital to invest in your business in New Zealand? Mortgage Suite can help you secure business loans in New Zealand as per your unique needs. We are an experienced and professional loan advisor in NZ with high loan approval rates for businesses of all sizes and types. We help our clients to get all their business ventures sorted with a business loan that best suits them. Whether you need a business loan for cash flow management, to expand your business operations, or as working capital, Mortgage Suite can help. We are a leading business loan advisor in […]
- [First Home Loan](https://mortgagesuite.co.nz/services/first-home-loan/): first home loan Buying your first home or property in New Zealand? It can be time-consuming and confusing, especially when you look for your first home loan in NZ to meet your financial needs. Without the proper knowledge, research, and assistance, it is very unlikely you will get the best deal on home loan products. It is why we do all the running and chasing to take you one step closer to your first home.  At Mortgage Suite, we provide complete support and assistance to find affordable low deposit home loans as per buyers’ specific needs. If you are looking […]
- [Home Loans](https://mortgagesuite.co.nz/services/home-loans/): home loans Buying a house is one of the biggest investments people make in their entire life. To fulfill their dream, they look to a lender for a home loan or mortgage to finance the homeownership. Getting a home loan is a wise decision to support your homeownership, but choosing the one that fits your financial needs is not an easy job. It is an investment decision that should be both manageable and affordable through the loan period. Choosing your home loan can be tricky and challenging. A personal home loan advisor can help you from beginning to the end […]
- [Mortgage School](https://mortgagesuite.co.nz/mortgage-school/): mortgage school The different types of loans; find the one that suits your needs and goals best. Banks and Lenders offer a variety of loans and loan structures for you to choose from when attaining a loan; each one of these has their own pro’s and con’s depending on your personal situation. To assist you with being able to identify and select the most appropriate loan for your needs, goals and financial situation, it is important to understand what each loan type and structure offers. Keep in mind that when you get to the point of selecting your preferred loan […]
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- [Licensing Information](https://mortgagesuite.co.nz/licensing-information/): Licensing Information The Disclosure Here is some general information about our business to help you decide if you want to seek our advice. Licensing Information We operate as a Financial Advice Provider under a current licence issued by the Financial Markets Authority in the name of NZ Financial Services Group Limited (FSP286965) There are no conditions attached to this licence on the advice that may be given. Our Advice and Product Providers We provide advice to our clients about home loan products, Commercial Property products, Property Development Finance and Property Investment Products We only provide advice about products from certain providers, […]
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- [Testimonials](https://mortgagesuite.co.nz/about-us/testimonials/): Testimonials First Home Buyers “We were fortunate to be directed towards Krish for our mortgage application. Krish went to great lengths to make himself available to us. Our loan application happened to be during the holiday period. I remember receiving a call from Krish while he was walking the Heaphy track. He had just come into mobile coverage and called to discuss our application. Krish was a great help to us as we were first home buyers, and first time mortgage applicants. Krish clearly explained the process and requirements. When it come down to structuring our mortgage Krish was able […]
- [Services](https://mortgagesuite.co.nz/services/): Services services we offer Loan Home Loans First Home Buyers Business Loans Commercial Loans Non-Bank Lending Refinance Property Development Funding Bridging Finance Home Loans Home Loans Owing a House is a dream of almost every individual and it’s an asset for a lifetime. There is lot that goes into making this dream come true. We help to furnish your dream to reality. Quick and easy home loans are available at best interest rate. We assure of fair terms, flexibility and total transparency. We strongly feel that there should be nothing that should come in the way of realizing your dream […]
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- [About Us](https://mortgagesuite.co.nz/about-us/): About Us Buying A Home? Need Finance? Make Sure You Are Getting The Best Deal My Service is Free of charge with no obligation Krish Krishna  founder director of Mortgage Suite Limited embarked on this journey way back in 2000 after 18yrs of successful career Banking, which means it’s been more than a decade continuing successfully, serving people on their financial requirement. Krish, who has been passionately working in banking and finance sector and has rich experience over the years especially in financial advice, mortgage broking and also in retail, commercial and corporate banking sector including operations management. His expertise […]
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- [Privacy Policy](https://mortgagesuite.co.nz/privacy-policy/): Privacy Policy 1. Our commitment to protect your privacy: We understand how important it is to protect your personal information. This document sets out our privacy commitment in respect of personal information we hold about you and what we do with that information. It is important to us that you are confident that any personal information we hold about you will be treated in a way which ensures protection of your personal information. Our commitment in respect of personal information is to abide by the Privacy Principles set out in the Privacy Act 2020 (or any successor legislation) (the Privacy […]


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