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Home Loans

Specialist Expertise In Home Loans

Mortgage Repayment

Home loans are a minefield for the average person. The different types of loans, repayment schedules, interest rates, set up costs… the fine print can make the mortgage process difficult to navigate. At MortgageDesign our job is to make it simple for you.

First of all, what is a Home Loan?

A home loan is when a mortgage broker arranges to get a lender to loan you an amount of money to purchase a home. This is done via a legally binding agreement with set rules in place regarding interest rates, repayments, set up costs etc. You should have your own lawyer that will be able to handle the legal aspects of purchasing a house, when you find the right property.

Where to begin with a mortgage

Here are some handy hints to help you on your way to a new home.

Look at your budget – consider:

How much money do you have saved?

What is the average house price in the area you want to buy in? Location is always an important factor to consider when buying a house.

What is the average house price in your desired area or do you have a specific value in mind?

If you were to take a mortgage, what proportion would you have saved currently or be able to access through Kiwi Saver or gifting?

Is this value in excess of 5%? The usual deposit required in todays mortgage market.

When contemplating the amount you will need for a deposit consider this: If you think its too good to be true- it likely is. This is particularly true when it comes to home loan deposits.

Companies advertising a minimum deposit of 0%-5% you should be skeptical about – not only do they tend to charge you higher interest rates, but they also often lend unfeasible amounts of money, amounts which may be too difficult to pay back.

What size mortgage can I afford?

How much is your annual household wage?

If your mortgage will exceed 4-5 times your household wage it may be time to delay buying a home, or downsize your aspirations – an excessively sized mortgage will be difficult, if not impossible to pay off.

If all of this sounds achievable to you, check out the types of home loan available on the links to your left for additional information.

Further Questions? Ready to take the next step towards your first home?

Contact MortgageDesign today for an obligation free consultation on 09 242 1975 about the offers that may be available to you.

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Jayesh Jeram
Jayesh Jeram
2021-10-14
I was referred to Clayton through a friend. He is very knowledgeable and talks through experience. He is quite technical and able look ahead at future plans. He will anticipate road blocks ahead and help position us to avoid them. Recently we worked with Clayton and JJ on an IP purchase and he didn’t let us down. If you find someone you get on with and will go the extra mile to help, then you stay with them. MortgageDesign is someone I would highly recommend.
Matt H
Matt H
2021-09-24
Clayton was great! He came up with some excellent options which we had not considered one ended up suiting us really well. I would strongly recommend using him.
Matthew McDermott
Matthew McDermott
2021-09-20
I have been working with Clayton for over 10 years. He was my relationship manager at the bank who helped us achieve our financial goals. He helped us strategise and get us in a new commercial property. After he left to become an adviser and started his own business. I wasn’t able to get the outcome from my new manager. I managed to track Clayton down and continued to work with him and Mortgage Design. Over the years we have structured our loans to suit our financial goals and head our business is the right direction. Clayton is very approachable, understanding and will go out and bat for you. He is always available to talk to when needed. He provides an unbaised recommendations and always lays down facts for you. Highly recommended.
Nathalya Colaco
Nathalya Colaco
2021-09-14
Clayton D'Lima from Mortgage Design recently helped us with refinancing our home loans and in addition new lending for a renovation. It was a fairly tricky set-up and set of circumstances that Clayton had to work with and he still managed to get it over the line with the banks. What my husband and I appreciated is the prompt professional service, good realistic advice and always keeping us well informed. He was helpful and thinking outside the box is a good trait which is important with lending when you are looking for feasible options. We will not hesitate to contact Clayton, if we need his services again and would definitely recommend his services.
Winita Wilson
Winita Wilson
2021-09-05
It’s been excellent working with J.J. He is so knowledgeable and professional. J.J. Has a strong sense of urgency and responded promptly to all our requests, taking all the hassle and admin out of financing a mortgage. We got our pre-approval and can now search for a dream house without worrying about finance. I can strongly recommend Mortgage Design when it comes to finding the right mortgage solution for you.
Raman Virk
Raman Virk
2021-09-03
I wanted to buy my first home and didn't know where to start. Clayton was great to deal with and made the whole process so easy and stress free. It was a pleasure to deal with him and Mortgage Design. Would highly recommend Clayton.Thanks for the great assistance.
Malan
Malan
2021-09-03
J.J. (Mortgage Design) managed to save us more than $9,000 in interest just by us authorising him to negotiate on our behalve with the bank. Don’t know why I haven’t used their services earlier. It’s just simpler, better, faster with Mortgage Design.
Karen Nunes
Karen Nunes
2021-09-02
We were referred to Clayton by our insurance broker. Clayton has been very helpful and prompt with his services throughout the whole process, right from obtaining the bank pre-approval to the settlement. He kept us updated throughout the whole process. Amazing at communicating and excellent response times. Clayton took the efforts to explain the entire process and the loan structure in the simplest possible manner since we were new to the whole process. Incredible service through the process and even after the settlement to check if the loan structure was working as planned and structured. Highly recommend! Thanks Clayton for all the help and assistance in purchasing our first home.
Meilissa Boderick
Meilissa Boderick
2021-08-19
I was referred to Clayton by my solicitor while I was in the process of purchasing my first home. Clayton handled all queries smoothly and professionally. Clayton was efficient with all aspects of the transaction.
alwyn lum
alwyn lum
2021-07-06
We had been referred to Clayton from a family member and we have not missed a beat on our finances regarding mortgages re-fix's advice and market update on the NZ housing market with the latest insights, stats and findings. The service that I have received from Clayton is always great and we enjoy the personal touch, and comfort is sound and attuned to our personal financial needs. Especially more so with a global pandemic and high demand on bank services where customer outcomes could be compromised and impacted. Its gives us great comfort that Clayton is always only a phone call away. Would highly recommend to anyone that is looking for advice and service needs with any Financial institution.

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