Our Wellington Mortgage Advisors

Both a mortgage broker and a NZHL mortgage mentor act as the third-party intermediary between the borrower and the bank, handling the transactions and acting on your behalf to get the best interest rates. But a mortgage mentor offers longer-term personalised support, such as tailored financial plans, advice and mentoring. You also get access to DebtNav, NZHL’s online financial monitoring tool.

You can search online for recommended mortgage brokers or ask people in your network to recommend someone they trust. You could also talk to real estate agents to see if they’re partnered with brokers local to their area. To get in contact with a local NZHL mortgage mentor, book an appointment here.

Yes you can pay off your mortgage without any outside help. But having tailored plans, support and tools could be the difference between paying your mortgage off sooner rather than later. Mortgage brokers and Mortgage Mentors also usually have access to great interest-rate deals that you may not be able to access otherwise.

No, usually there are no costs to you, the borrower. Mortgage brokers and mentors get paid by the lenders, which is approximately 0.35% of the full loan.

It can take 2-6 weeks to get approved if you’re applying independently. Or it can take 2-4 weeks If you work with a broker or mortgage mentor, as they can help you along the process faster and have established relationships with the banks.

As soon as you have the goal to buy a house, you should be talking to a mortgage broker or mentor about next steps. They can help put together a plan to reach your goals.

The short answer is yes, you can engage multiple brokers, but it may not help you get the mortgage you want and may even prevent you from getting a loan approved. We recommend you select one mortgage broker or mentor to team up with.

It is helpful to have the lender look favourably upon you and your financial position. This may help you secure a better interest rate. You can help yourself by checking in on your budget (how are your income and expenses tracking?), improving your credit score, comparing deals from various lenders, and make sure you explore all your options. An NZHL mortgage mentor can help you do this.

No, generally you won’t pay a fee to an insurance broker (except sometimes administrative fees). These brokers get paid directly by the insurance companies they place policies with, or they may get paid an agreed fee by the companies.