Find a Mortgage Broker in Hamilton
Get the money you need to buy your dream home in Hamilton with help from a local mortgage broker
Updated 7 August 2019
- Mortgage brokers hunt the home loan market to find you a good deal, as well as save a lot of time on form-filling. They can advise you on everything you need to know about taking out a mortgage and the house-buying process, as well as KiwiSaver withdrawals and grants if you qualify.
- A Bank may have told you NO, but a mortgage broker has the contacts to very often turn that into a YES.
- Mortgage brokers know the key details about each lenders' criteria, and can recommend the right lenders for your situation.
- The most important thing is to find a mortgage broker you're comfortable with. Dozens are working all over Hamilton, and we've created this guide to help you navigate arranging a home loan.
- Remember: Real estate agents you meet at open homes will probably recommend brokers. Many have existing relationships and get a commission for any business you give to their recommended mortgage broker. You don't need to engage them - you have full control of who you choose.
Our Hamilton Mortgage Broker guide covers:
Know This First: The Process of Working with a Mortgage Broker
- Once you've decided to contact a mortgage broker, you will have an initial assessment. This is a meeting where you share details about your financial position and what you want to achieve.
- After that, the mortgage broker will provide a comparison of the best-suited home loans you qualify for - this often means they will create a shortlist of the home loans most relevant to you.
- Once you've considered the home loans, you will decide on one and make an application. The mortgage broker does this on your behalf; you'll need to provide the information they ask.
- Once the application is submitted, the lender (i.e. bank) will come back with their decision - it will, in most cases, be an approval or decline.
Useful Tools to Help Plan a Mortgage
How much does a mortgage broker cost?
- There are no upfront costs or service fees. Mortgage brokers make their money from commissions paid to them by the banks.
- You won't necessarily pay more for your mortgage either. Mortgage brokers work the same as travel agents who earn commissions from airlines and hotels etc.
- It is up to you to decide which bank and mortgage deal you want - the mortgage broker will be paid by the lender you pick.
- Industry insiders suggest this can be as high as 1% of your loan amount; your broker could earn $5,000 from a $500,000 mortgage. But the law states that mortgage brokers are not required to disclose commission payments.
What should I ask a mortgage broker to make sure I get the best deal and service?
As individual mortgage broker expertise and access to deals will vary around Hamilton, you can get comfortable by asking two essential questions:
- How many lenders do you work with? The more lenders (i.e. banks) the broker has a relationship with, the higher the chances you'll get the best deal. A good answer is at least five banks, but the more they cover, the better for you.
- What are your fees and commissions? You can ask that, even if they are not legally obliged to tell you. If they do, it will probably create trust and help you understand a little bit more about how mortgage brokerage works.
Hamilton Mortgage Brokers - 5 Things to Know Upfront
- Mortgage brokers may not work with every bank, so it's important to ask upfront what lenders won't be included so it's clear what you are comparing.
- Cross-selling is being reported; this involves you being recommended insurance policies by a mortgage broker or one of their associates. As insurance is very lucrative; there may be a lot of pressure to buy. You are under no obligation to and our guides to life insurance, contents insurance, home insurance and income protection insurance outline what you need to know.
- You may also be recommended conveyancing services by a related law firm. You are under no obligation to hire the lawyers suggested by your mortgage broker.
- If a real estate agent is insisting you use their recommended mortgage broker, you don't have to. You don't even need to use a mortgage broker at all.
- Many banks promote mortgage deals with free holidays, cashback and various other perks if you go with them direct. If you go with a mortgage broker, you won't receive these perks.
5 Trusted Hamilton Mortgage Brokers Available Right Now
Our list below, which is no particular order, covers Hamilton, Cambridge and the surrounding Waikato. We have selected these based on their history of longstanding service within Hamilton, location and data extracted from internet reviews on Google Business, Facebook, TradeMe Services, specific mortgage forums and guides, and other sources.
Beyond standard mortgage clients, the mortgage brokers below all have experience with non-standard and 'complicated' client requests. This can include single-income, self-employed and foreign income situations.
No Hamilton mortgage broker has paid to appear on this list, and MoneyHub.co.nz has no relationship with any company or professional listed below.
Know this: It's important to remember you don't need to go with the first broker you talk to. More importantly, you’re in no way obliged to go with the mortgage broker a real estate agent recommends, even if you buy your home with them.
Beyond standard mortgage clients, the mortgage brokers below all have experience with non-standard and 'complicated' client requests. This can include single-income, self-employed and foreign income situations.
No Hamilton mortgage broker has paid to appear on this list, and MoneyHub.co.nz has no relationship with any company or professional listed below.
Know this: It's important to remember you don't need to go with the first broker you talk to. More importantly, you’re in no way obliged to go with the mortgage broker a real estate agent recommends, even if you buy your home with them.
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Nest Home LoansNest Home Loans is an award-winning mortgage broker with a team of six well-regarded professionals. The team is committed to securing financing for homes and communicate with first home buyers throughout the mortgage process. The 20+ 5-star Facebook reviews highlight Nest Home Loans's success in delivering results for their clients.
What customers like:
Services include but not limited to:
Google Rating: ~5/5 Address: 85b Church Rd, Pukete, Hamilton 3200 Website: Nest Home Loans Contact number: 0800 337 426 |
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Mortgage Link WaikatoMortgage Link Waikato is a small team of three well-regarded professionals. At the heart of their service is the aim to build wealth for their clients through property ownership. The 10+ 5-star Facebook reviews highlight the team's success in delivering results for their clients.
What customers like:
Services include but not limited to:
Google Rating: 4.6/5 Address: 1786 River Rd, Flagstaff, Hamilton 3281 Website: Mortgage Link Waikato Contact number: 07 838 3977 |
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Wright Financial Solutions LimitedWright Financial Solutions offers a wide variety of mortgages solutions for Waikato residents, and is led by experienced mortgage broker Kathy Wright-St Clair.
What customers like:
Services include but not limited to:
Google Rating: ~5/5 Address: 361 Ulster St, Beerescourt, Hamilton 3200 Website: Wright Financial Solutions Contact number: 07 834 0661 |
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Priority Home LoansPriority Home Loans is a trusted Hamilton mortgage broker, leading the way with 40+ 5-star Facebook reviews that commend the service offered.
What customers like:
Services include but not limited to:
Google Rating: 5/5 Address: 11 Somerset St, Frankton, Hamilton 3204 Website: Priority Home Loans Contact number: 07 959 1851 |
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Quantum FinanceQuantum Finance is a 15+ team of expert mortgage brokers working with a "down to earth approach" to mortgage needs.
What customers like:
Services include but not limited to:
Google Rating: ~5/5 Address: 14 Knox St, Hamilton 3204 Website: Quantum Finance Contact number: 07 390 2300 or 0800 BROKER |
Disclaimer: MoneyHub.co.nz has no relationship, financial or otherwise, with any of the Hamilton mortgage brokers listed on this page. Specific services will vary, as will home loan financing deals. Our guide is for informational purposes only.
