Mortgage Calculator

Use the calculator below to help work out your loan repayments

Loan Calculator Mortgage Calculator
Mortgage Calculator Loan Calculator
NZD
% (NZD60,000)
years
%
www.mlcalc.com

Ok, you’ve used the mortgage calculator and are comfortable with your repayments. How do you go about actually getting a mortgage?

 

Your next step is to contact us to negotiate with different banks to secure your mortgage. Sure, you can approach banks directly and negotiate yourself. But, there are a whole heap of benefits to using a mortgage broker. The top 4 are:

 

  • Mortgage brokers will negotiate the lowest interest rate possible with each bank, which will save you money. A 0.1% decrease in interest rate from 4% to 3.9% on a 30 year $500,000 mortgage will save you $10,333 over the life of your home loan

 

  • Your mortgage broker will also make sure you get the lending you want. They’ll work with different banks to see which ones will actually lend to you … not every bank is going to approve your mortgage. Their job is to get you the funds you’re after

 

  • A mortgage broker will project manage the process of getting your mortgage. They’ll chase you up if you haven’t completed a task and will make sure the whole process works

 

  • Best of all, mortgage brokers don’t cost you anything, because they are paid a commission from the bank.

 

If you’re not ready to get a mortgage yet and want to learn more, then get in touch and we can help guide you with everything you need to know in order to get a mortgage.