Are You a First Home Buyer?

Do You Need a Home Loan Fast?

If you want specialist advice to arrange a...

• Bank Home Loan
• Non Bank or Second Tier Lender Home Loan
• Home Refinance and Debt Consolidation Loan
• Business and Commercial Loans
• Construction and Development Loans, and
• Second Mortgages...

Then you need to talk with the Mortgage Brokers at First Rate Mortgages...

7 Reasons Why You Should Choose First Rate Mortgages

1. Experience - The team at First Rate Mortgage Brokers have over 53 years combined experience negotiating, arranging and delivery home loans and business finance to New Zealander's like you.
2. We Listen - Some lenders are focussed on giving you a pre-packaged mortgage that comes right off the shelf. At First Rate Mortgage Brokers we're different, we align your goals with your current finances and budget to create a home loan that empowers you rather than being chained to debt for the rest of your working life.
3. Key Contacts - With 22 years working in the banking industry for the likes of ASB and other major banks, we have the contacts and credibility to arrange home loans where new mortgage brokers might struggle.
4. Save You Money - Our specialist and money saving advice is free. Even better, with the experience and know-how we have accumulated to become New Zealand's leading mortgage brokers, we can save you money or your mortgage, getting you interest rates and terms that you can't get yourself.
5. Save You Time - You're busy and don't have the time to negotiate the maze of home loan and mortgage options available today. Fixed rate or floating? Three Years or Five Years? Are interest rates going up or down? Bank or Non Bank lender? With the help of the expert team at First Rate Mortgage Brokers, you can shortcut this process and get the best options for your specific situation without the hassle of trudging from one bank to the next.
6. Specialist Advice and No Cost - Shopping for a Home Loan is like shopping for a car. You can do it yourself, or you can get the advice of a specialist like the AA before laying down your cash. The trouble is, most people take more time to choose a car than they choose a lender or a home loan to suit them. Imagine have the equivalent of a Formula One mechanic at your side advising you on the best car to buy. You can have that same advantage with a specialist Mortgage Broker like the team at First Rate Mortgage Brokers. We can advise you every step of the way and give you the insights and advantages gleaned from negotiating and successfully arranging several hundred home loans each year
7. We're Small and We Care - We aren't a big multinational company with layers of managers and people. Here at First Rate Mortgage Brokers, our business is focussed on the New Zealander's, which occurs largely with existing clients and referrals. This means that when you have a question, you can get the answer from our top flight team...

We can find the best lenderWhen you need First Rate Mortgages is owned and operated by the two principal brokers, Kim Lyons and Steve McGowan, who are the Directors and Allan Nicol has recently joined them with an abundance of valuable knowledge as a home owner and family man. Together they concentrate on arranging NZ Home Loans, Investment, Construction and Commercial finance. Based on Auckland's North Shore with many years of knowledge and experience, they can help you buy or build your dream home, establish a rental portfolio, finance a construction project or provide urgent help in challenging times with bridging finance or debt consolidation.

Recognising the need to help clients through the tightening credit crisis and the reluctance to lend from many traditional Bank and other non Bank Lenders, it has been a priority to focus on keeping up to date on what can and can't be done in the current mortgage market and looking for ways to still help clients, who may as an example have a low deposit, but stilll want to buy their first home and their Bank has said "No".

The slogan "Financial Fresh Air" is a commitment to respect and value you as a client and to provide you with a higher level of service than what you may currently be receiving from your current Bank or Mortgage Broker. This does also mean that we are committed to provide long term personal service rather than an impersonal offshore 0800 call centre with automated numbered responses! Just check our testimonials.

Our lending panel includes ANZ Bank, National Bank, Westpac, ASB, Sovereign Home Loans and AMP Home Loans. We are accredited mortgage brokers with them.

We are proud that First Rate Mortgages Ltd is associated with the New Zealand Mortgage Brokers Association, NZMBA, with their office here in Auckland, which supports our industry with ongoing professional training & advice with regards to Home Loans and Mortgages, ensuring that high standards are maintained.

Contact us for more information
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or Freephone 0800 178 7283 (0800 1ST RATE)

A Brief Explanation Of What It Means To Take A Mortgage

People that wish to own a home but who need to borrow money to buy the home can make use of a mortgage that means having to create a lien on their home in order to secure the loan which helps to pay for the home and which is paid back over a fixed period of time. This form of loan will help ensure that the borrower promises to pay back the loan and such loans are also something that is available in a variety of sizes and shapes with each having their own set of plus and minus points. It is therefore a good idea to pick the mortgage option very carefully and ensure taking only an amount of money that you can pay back given your present and future financial situations.

Important Decision

Buying your home is one of the most important decisions that a person can make in their lives and so it pays to proceed very carefully. You should realize that availing of a mortgage means making a financial commitment that may last for many decades. So, in order to ensure that you make a wise decision you must first ask yourself whether your existing finances will allow you to make the monthly mortgage installments.

Next, before applying for such a loan you need to ensure having some kind of a financial backup that will help you overcome any financially related difficulties that might arise in the times to come. You must also be well prepared and more than willing to take on a debt that will last for a long period of time and you must also be aware of all the risks involved should you fail to pay back the mortgage.

Having decided that a mortgage is what you want you will then need to do some homework regarding the various lenders and their differing rates and points as well as fees. You need to comparison shop for best terms and you must also be sure that you understand what benefits different mortgage offers provide.

Once you have evaluated the plus and minus points of different kinds of mortgage rates (fixed and adjustable) and you know what a balloon mortgage is and you also know the workings of reverse mortgage you can then pick the type of mortgage that suits your needs the best.

 You should also use a mortgage calculator that uses certain formulae that help in figuring out the compound interest on the sum of money that you plan on borrowing. This calculator is very useful in helping you to determine the exact amount that you will need to pay by way of monthly installments on your loan amount.