Obtain your personalised interest rate and discover if you qualify for a home loan in minutes with our digital home loans.

We can tell you in about 60 seconds. Apply for a home loan online with us and you’ll get an initial decision within 60 seconds. There’s no obligation to follow through with the loan but if you like what you see, you’ll be assigned an adviser who can take you through the next steps and match you with the lender who will provide the best terms for you.

Your mortgage repayments will depend on the size of your mortgage and the terms of your loan. Try our online home loan calculator to get an idea of what your repayments might look like.

Essentially, a broker helps you to navigate the whole mortgage process. Here are a few benefits of using one:

• Brokers deal with a number of lenders, so they can save you time shopping around.
• They know the interest rates and application criteria for different lenders and can negotiate on your behalf.
• They can help you put a loan application together.
• They may be able to find an alternative lender if a bank declines your application. They may also be able to get you a better deal than if you were to approach the lender directly.
• All mortgage brokers are now required to be Registered Financial Advisers. That means they must have a complaints process in place and belong to a dispute resolution scheme. You can check any broker on the official Financial Services Providers Register.

Lending People are brokers, but not the traditional kind. Our process is 100% online, and we don’t charge broker fees. Aside from that, we’re the same!

An interest rate can be fixed, floating or a mix of both. Fixed means that the rate stays the same for the duration of your loan term. Floating means that it will fluctuate depending on what the market interest rates are doing. You can also choose to split your mortgage so that one portion has a fixed rate and the other has a floating rate. There are pros and cons to all three options, which we explore further here.

Generally, you need 20% of the total property price, but some non-bank lenders only require 10%. First home buyers may be able to get finance with a 5% deposit. In this case, the finance structure would use a combination of home loan and caveat. Usually the caveat is that the lender can claim interest on the property, which provides them with enough security to lend you the rest of the money for your deposit.

First home buyers have more options available to help them get into the housing market, including first home grants of up to $10,000 and Kiwisaver (if you’ve been contributing for over three years).

Some people may also be lucky enough to get a helping hand from a loved one. There are three ways someone can help you:

1. Gifting you money
2. Guaranteeing your mortgage
3. Borrowing against their own home

Not necessarily, but it does make things easier. Getting pre-approved means that you can bid at an auction or put an offer on a house, up to a limit that you and your lender have agreed to.

Alternatively, when you find a home that you’d like to purchase, you can ask the real estate agent to insert a ‘finance clause’—this gives you time to get approved to buy the property. Fifteen working days should provide you with plenty of time to get approval from a lender.

The short answer is yes. You can consolidate other debts like vehicle finance, credit cards and personal loans into your home loan. It’s likely that your home loan will have a lower interest rate, so this could be a good option to become debt-free faster. It’s a good idea to have a chat with your mortgage broker before doing this, as they’ll be able to look at your specific circumstances and advise accordingly.