Neighbourly Premium Business
Smartmortgages.co.nz Limited
Mortgages & Loans
Mortgages & Loans
Thank you for using Neighbourly
Thinking about refinancing your mortgage?
✅ Competitive market rates.
✅ Up to 1% cashback from the lender.
✅ PLUS – Get a $300 gift voucher (Farmers, Countdown, or Bunnings – your choice!) from Smartmortgages.co.nz Limited.
🎁 Limited Offer: The first 20 refinancing clients who … View moreThinking about refinancing your mortgage?
✅ Competitive market rates.
✅ Up to 1% cashback from the lender.
✅ PLUS – Get a $300 gift voucher (Farmers, Countdown, or Bunnings – your choice!) from Smartmortgages.co.nz Limited.
🎁 Limited Offer: The first 20 refinancing clients who settle a loan of $490k min.
📩 Contact us today at www.Smartmortgages.co.nz...
Email: Cong.Nguyen@smartmortgages.co.nz
Phone: 0223985140
Terms & conditions apply. Smartmortgages.co.nz Limited is a licensed Financial Advice Provider (FSP1007290). This offer does not constitute financial advice. Always consider your financial situation before making lending decisions.
Many First Home Buyers have asked me why they need to save up 20% deposit when others can get a mortgage approved with just 5% or 10% only.
Here’s why having a 20% deposit is a game-changer:
1️⃣ Easier Mortgage Approval ✅
Banks see a 20% deposit as lower risk, meaning:
Fewer … View moreMany First Home Buyers have asked me why they need to save up 20% deposit when others can get a mortgage approved with just 5% or 10% only.
Here’s why having a 20% deposit is a game-changer:
1️⃣ Easier Mortgage Approval ✅
Banks see a 20% deposit as lower risk, meaning:
Fewer restrictions on your application.
No need to prove 12+ months with your current employer (a requirement for First Home Loan with a 5% deposit).
2️⃣ No Lenders’ Mortgage Insurance (LMI) 💰
With a 5% deposit First Home Loan, you must pay 0.5% of your loan amount as LMI.
Example: Borrowing $800,000? You’ll pay $4,000 in LMI—omg, that's lots of money!!!
3️⃣ No Low Equity Margin (LEM) or Low Equity Premium (LEP) 🚀
Borrowing with less than 20% deposit means banks charge extra interest (LEM/LEP) ranging from 0.25% to 1.20% depending on the lender and your LVR.
4️⃣ Better Interest Rates & Cashback Rewards 🎉
You qualify for special discounted rates from banks.
Many lenders offer up to 1% cashback on your loan. This can help cover your legal cost, building inspect fee or get you a beautiful new piece of furniture.
5️⃣ Easier Refinancing for Better Deals 🔄
With 20% equity, switching to another lender for better rates or cashback is much easier.
Low-equity borrowers often struggle to refinance due to LEM/LEP fees. Now, you are "stuck" lol.
A 20% deposit isn’t just about securing a mortgage—it’s about getting the best deal, paying less interest, and keeping more money in your pocket! 💰🏡.
💬 What are your thoughts? Drop a comment below!
📢 Found this helpful? Please share it with your friends & family!.
Please join NZ FIRST HOME & MORTGAGE HELP here: www.facebook.com...
Kia Ora Neighbour!
💡 Curious about your property’s value and need a report to confirm?
💡 Wondering if you have enough equity in your property?
💡 Thinking it’s time to review your home loan interest rate?
💡 Heard about mortgage cashback when switching banks?
If these … View moreKia Ora Neighbour!
💡 Curious about your property’s value and need a report to confirm?
💡 Wondering if you have enough equity in your property?
💡 Thinking it’s time to review your home loan interest rate?
💡 Heard about mortgage cashback when switching banks?
If these questions have been on your mind, I’m here to help!
As your local Mortgage Broker, I’m just around the corner, ready to answer your burning mortgage queries and guide you through the process with confidence and ease.
Let’s connect and chat about your options!
Kia Ora Neighbour!
💡 Curious about your property’s value and need a report to confirm?
💡 Wondering if you have enough equity in your property?
💡 Thinking it’s time to review your home loan interest rate?
💡 Heard about mortgage cashback when switching banks?
If these … View moreKia Ora Neighbour!
💡 Curious about your property’s value and need a report to confirm?
💡 Wondering if you have enough equity in your property?
💡 Thinking it’s time to review your home loan interest rate?
💡 Heard about mortgage cashback when switching banks?
If these questions have been on your mind, I’m here to help!
| Mon | 6:00am ~ 9:00pm |
|---|---|
| Tue | 6:00am ~ 9:00pm |
| Wed | 6:00am ~ 9:00pm |
| Thu | 6:00am ~ 9:00pm |
| Fri | 6:00am ~ 9:00pm |
| Sat | 6:00am ~ 9:00pm |
| Sun | 6:00am ~ 9:00pm |
Loading…