FINANCING A NEW ​HOME ​BUILD IS EASIER THAN MOST PEOPLE REALISE

Organising build finance can seem like a daunting prospect, but with a little help from our professionals you’ll find that it can be a painless and seamless process. 

DID YOU KNOW YOU NEED LESS DEPOSIT TO BUILD NEW, THAN YOU NEED TO BUY AN EXISTING HOME?​
New builds are exempt from the current Reserve Bank regulations, which means there are no LVR restrictions apart from the ones imposed by lenders themselves. The benefit is that you don’t have to worry about saving up a 20% deposit, you go ahead with a 10% deposit provided you meet servicing criteria. On a completed build you can go as low as 5%.

​GETTING YOUR BANK APPROVAL
The rules, regulations and criteria around lending is always changing, especially in this volatile market so we recommend that you use our preferred lending professionals to ensure that you firstly get an approval but also get the best lending conditions and interest rates. They understand what the banks want and will present your application in the best way possible.

NO INTEREST REPAYMENTS DURING YOUR BUILD
During the build period you will most likely be paying rent, so to service a mortgage on top of this can add an additional expense. Talk to us to find out which banks will allow you to capitalise the interest cost during the build period so that you don’t have to pay rent and pay a mortgage at the same time. 

REDUCING THE COST OF YOUR MORTGAGE
The most expensive part of your mortgage is having to make the repayments, for up to thirty years. Our mortgage adviser is also a debt reduction specialist, so with specialist advice and a tailored plan you’ll learn how to structure and pay your mortgage in a way that will allow you to pay maximum principle and minimum interest. This in turn will take many years of the term of your mortgage allowing you to become freehold well ahead of schedule. The savings are significant.​

www.onlinemortgagebrokers.co.nz

For pre-approved finance
call Jeff Elias and the team on

0508 222 22 85​​

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"The service we received from
​Jeff was amazing. We’ve had a mortgage before, but Jeff showed us how to structure and pay our mortgage in a way that we never would have thought, very sound and very logical. The benefit-we’ll pay off our mortgage was ahead of schedule. If you need a mortgage, talk to Jeff, he’ll save you money."

Sandy and Dwane, Upper Hutt

"Online Mortgage Brokers gave us valuable advice about how to structure our mortgage so we can pay it off as soon as possible, whilst keeping all the flexibility we need for our day-to-day living. With this advice we’re currently on track to pay off our mortgage within 6-7 years and we only brought our house a year ago. If you need to learn how to pay your mortgage off faster, we recommend that you give Jeff from the Online Mortgage Brokers team a call."

Michael and Virginia, Ngaio

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