Expert mortgage advice to help you get ahead.
Mortgage jargon can be confusing – fixed term, floating, revolving credit, loan-to-value ratios, debt-to-income ratios, what do these actually mean? Buying your own home is likely to be one of the most exciting and daunting purchases you’ll ever make. Financing it shouldn’t be.
The mortgage brokers at Rethink have a unique skill set and will ensure you not only get the best mortgage interest rates available, but that your new mortgage is structured in your favour and not that of the bank’s. Do you want to pay off your mortgage faster? We’ll also work with you long term on a personalised mortgage reduction plan.
Its easy to get started. Just reach out to one of our mortgage brokers and rethink your mortgage today.
Use this calculator as a guide to find out what your mortgage repayments could be.
5 easy steps to apply for your mortgage.
Speak with a broker.
Contact a Rethink mortgage broker and discuss your needs, financial goals, assess your KiwiSaver and HomeStart grant entitlements, and work hard to get you the best mortgage structure and interest rate.
Depending on your situation, this process may take anything from a couple of hours to a couple of days.
We’ll prepare and submit all of the necessary documents to the lender of choice.
The lender will then assess your application to determine whether you meet their requirements. They will also confirm your income and employment, and conduct a credit check.
We’ll receive your conditional approval, also known as pre-approval, on your behalf. Conditional approval means you’ll have confidence in knowing how much you can spend and what your repayments are likely to be.
During the security assessment, the lender may require a registered valuation on the property being purchased.
There are a few insurance products you will need to consider:
- Mortgage Repayment and Life Insurance
- Home and Contents insurance
We’ll help customise an insurance plan to cover your mortgage repayments and give you an income if you’re unable to work. We can also help you with house and contents insurance.
Once your mortgage is unconditionally approved, a formal offer will be issued by the lender of choice.
The mortgage documentation is then sent to your solicitor or conveyancer for you to sign, and who will then liaise with the lender to schedule a settlement date. Then all that’s left to do is to arrange the big move!
Getting started is easier than you think.
Our online mortgage calculator is a convenient way to help you budget and assess your options.
Saving for your deposit.
We know first hand how daunting it can be saving for a deposit for a home. To help you reach your savings goal faster, we offer free budgeting and saving advice, debt consolidation, and KiwiSaver setup.
If you’re not quite ready to purchase a home, meet with one of the team to discuss your financial situation, create a plan to pay down that exisiting debt and set some goals for building a deposit.
Already have a 10% deposit?
Struggling to get a 20% deposit together? We can help. If you’re a first home buyer, we may be able to help you with only a 10% deposit.
We’ll guide you through the entire application, KiwiSaver first home withdrawal, and the HomeStart grant process. If you’re looking to purchase an Axis home, we can even help you with the ballot application process.