TM Forums
Back to search

Website to compare mortgages

#Post
1

Looks like there a quite a few of these mortgage comparison sites - not sure about quality? Is there one which is most widely utilised/trusted? e.g. www.goodreturns.co.nz

Any advice on choosing a lender? And/or on structuring a first mortgage?

Edited by timmeh111 at 9:43 pm, Mon 24 May

timmeh111 - 2021-05-24 21:40:00
2

Interest.co.nz compare rates.

Use a broker conflict of interest dealing directly with the bank.

houseofdad - 2021-05-25 08:38:00
3

Hiya, broker here. These comparison sites only use 'carded' rates and not 'specials' that are often used to entice business, plus most banks will offer some cash towards costs. Structure is really important and tailored to your individual drivers and circumstances. A bank can only advise on their own products whilst a broker covers pretty much the whole market and are paid by the bank so no cost to you. Good luck with your first home, exciting times!

jeffqv - 2021-05-25 10:56:00
4
jeffqv wrote:

Hiya, broker here. These comparison sites only use 'carded' rates and not 'specials' that are often used to entice business, plus most banks will offer some cash towards costs. Structure is really important and tailored to your individual drivers and circumstances. A bank can only advise on their own products whilst a broker covers pretty much the whole market and are paid by the bank so no cost to you. Good luck with your first home, exciting times!

Was does your list of 2nd and 3rd tier lenders look like, can you please list the financial entities Jeff that you work with for such lending ?

houseofdad - 2021-05-27 16:35:00
5
houseofdad wrote:

Was does your list of 2nd and 3rd tier lenders look like, can you please list the financial entities Jeff that you work with for such lending ?

Sure! Resimac, Pepper, Bluestone, Avanti, Basecorp, Liberty, Funding Partners and Sovereign for long term lending. For short term, some of the above plus some private lenders, FMT, DBR, Cressida, Southern Cross and the like. Quite a choice!

jeffqv - 2021-05-27 17:28:00
6

Thanks Jeff interesting, some had not heard of.

houseofdad - 2021-05-28 07:45:00
7
timmeh111 wrote:

Looks like there a quite a few of these mortgage comparison sites - not sure about quality? Is there one which is most widely utilised/trusted? e.g. www.goodreturns.co.nz

Any advice on choosing a lender? And/or on structuring a first mortgage?


I told my bank about another banks offer and asked them to match it, and they did. Worth a try if there is a particular bank you would rather be with.

melagray - 2021-06-01 16:22:00
Free Web Hosting