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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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abhi verma
abhi verma
2022-04-05
Thank you very much Clayton for all your help! You are such a down to earth person. "Nobody knows mortgage knowledge better than Clayton. The way of communicate and handle the file is superior. We were the first home buyers and you need someone to guide you, look after your best interest which Clayton did for us. We are very thankful to him for all the guidance he provided us and helped us to make to make our dream of owning our own home come true. Excellent Service ! Great communication! Highly Recommend ! 10/10.
sandeep avula
sandeep avula
2022-03-28
Awesome result from Clayton.i tried a few other advisors but the moment I sat with him for our first meeting I just knew he would be the one. Very good listener, totally understood my situation and structured my mortgage brilliantly. I absolutely recommend Mortgage Design.
Premsiri Ngoenthongkrajang
Premsiri Ngoenthongkrajang
2022-03-19
JJ is so responsive with a great humour as a bonus. You can’t go wrong, simply awesome at what he does! Thank you!!
Edward Lee
Edward Lee
2022-03-19
Lorraine Colaco
Lorraine Colaco
2022-02-10
Our experience with Clayton was fabulous!! He made the whole process easy and seamless. Attention to detail, advice and promptness was second to none. I have gone thru the mortgage process for several years now and this was the easiest to execute though the most tricky one !! ... and Clayton delivered it all.
Leilani van der Made
Leilani van der Made
2022-01-18
JJ is just the bomb! So friendly, great sense of humour, quick responses and explains things clearly. I love how JJ checks in with us to make sure we understand what is happening. Nothing seems to be too much trouble for JJ. I look forward to more dealings with JJ. I would highly recommend MortgageDesign to anyone who is wanting professional, efficient and a very friendly service. Now we are going to look at what insurance packages they can offer us now that our mortgage has been restructured so that it is more user friendly for us. FINALLY we have found an awesome Mortgage Broker and we are very happy. Thank you so much JJ.
Sheridda Narayan
Sheridda Narayan
2021-11-12
Me and my partner are working with Clayton D’Lima from MortgageDesign. We went to the bank and met multiple mortgage advisor there. They told us we would have to wait a further few years before we could purchase our first house. Our situation being complicated , he got us preapproved with my bank in no time (which we had no hope for cz we got turned away so many times) He helped us through all the documentation and we did not had to stress about anything. He in fact he went extra mile to help us to understand the loans and prioritise our requirements. I could call him at anytime regarding a new house we looking at, he would take his time out to talk to me and explain what the next step would be. Clayton is very positive. He is also very patient as we have gone from a already built preapproval to new built back to already built. He has been very patient and helpful right through the process. I have recommended MortgageDesign to my friends and family and I will keep on recommending it to anyone who’s needs help with loans. P.s I’m being totally honest you won’t regret going to them.
ANU KARKHANIS
ANU KARKHANIS
2021-11-11
Clayton was referred to me by one of my close friend. He has been very professional and prompt throughout the process, right from the bank approval till the settlement. Clayton has helped me over last couple of years and every time his service was amazing. He is easy to deal with, professional and always getting good deals from the banks. Thank you Clayton for your continuous support throughout these years. I would highly recommend Clayton for the best finance/mortgage option.
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.

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