Find a Mortgage Broker in Napier and Hastings
Get the money you need to buy your dream home in Napier and Hastings 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 Napier and Hastings, 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 Napier and Hastings 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 Napier and Hastings, 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.
Napier and Hastings 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 Napier and Hastings Mortgage Brokers Available Right Now
Our list below, which is no particular order, covers Napier, Hastings, Havelock North and the wider Hawke's Bay region. We have selected these based on their history of longstanding service within Napier and Hastings, 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 Napier or Hastings 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 Napier or Hastings 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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Finsol Mortgage Brokers Hawke's BayFinsol is a Napier-based mortgage broker, working with clients all over the Hawke's Bay. Its local team of four have worked with hundreds of clients in Napier, Hastings and beyond.
What customers like:
Services include but not limited to:
Google Rating: ~5/5 Address: 66 Munroe St, Napier South, Napier 4110 Website: Finsol Contact number: 0800 346 765 or 06 650 5162 |
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Debbie Reed - Loan MarketLoan Market employs many mortgage brokers, and Debbie Reed is one of the most regarded within the Hawke's Bay. Debbie has ten years of banking experience and aims to take a complete view of each client's circumstances, tailoring their home loan to best suit their needs.
What customers like:
Services include but not limited to:
Google Rating: ~5/5 Address: 308 Lovedale Rd, St Leonards, Hastings 4120 Website: Debbie Reed Contact number: 021 805 259 |
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DM Consult Mortgagesdm consult mortgages + insurance was established in 2014 by Darrin McCormack, who previously worked with ANZ for 17 years. The team of three is Napier based and aims to put clients first, being honest and doing the right thing by the client.
What customers like:
Services include but not limited to:
Google Rating: ~5/5 Address: Level 1, 1 Napier Rd, Havelock North 4130 Website: dm Consult Contact number: 0800 030 149 or 06 877 0271 |
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Approved MortgagesApproved Mortgages Napier is led by Sam McLennan, who has 15+ years of industry experience working at ANZ Institutional and ASB Bank’s Wealth business
What customers like:
Services include but not limited to:
Google Rating: 5/5 Address: 26 Seapoint Rd, Bluff Hill, Napier 4110 Website: Approved Mortgages Napier Contact number: 0800 562 6669 |
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Matthew Hooper - Mike Pero Hawke's BayMathew Hooper is a member of the Mike Pero Mortgages Hawke's Bay team, and working with over 20 lenders to help offer clients the best deal.
What customers like:
Services include but not limited to:
Google Rating: 5/5 Address: 129 Queen St E, Hastings, 4122 Website: Matthew Hooper (Mike Pero Hawkes Bay) Contact number: 027 304 9809 |
Disclaimer: MoneyHub.co.nz has no relationship, financial or otherwise, with any of the Napier and Hastings mortgage brokers listed on this page. Specific services will vary, as will home loan financing deals. Our guide is for informational purposes only.
