? What are my rates of interest?

Your interest rate will be determined by your financial situation, the amount you wish to borrow, the period of your loan, your income, and your credit history.

? What are the normal fees and charges for Smartlife?

Our broker fees are typically covered by the lenders.

? How much of a down payment do I require?

First-time purchasers must put down at least 5%. This deposit may be funded via a KiwiSaver first home withdrawal or a gift.

? What other expenses should I consider?

In addition to a deposit, you must be able to pay for the following expenses:

• Solicitor fees
• Builder’s report
• LIM report
• Registered valuation
• Moving costs.

? By using Smartlife, may I utilise the funds to purchase a second house or investment property?

Indeed, this is something we routinely do for a wide range of current customers.

? What exactly is mortgage refinance?

Refinancing is a completely new mortgage and an opportunity to reorganise in a way that better matches your unique situation.

? So why do people refinance?

There are many individual factors that influence a person's decision to refinance, such as financial stability, future plans, and current interest rates.

? What amount of equity do I need to refinance?

This is determined by the type of loan and the lender. Several lenders want at least 20% equity for conventional mortgage loans. Our advisors will assist you throughout the entire process.

? Can I roll over previous debt into my new loan for a single payment?

Yes. Debt consolidation loans are fairly widespread and are a terrific tool to help individuals budget better, stay on top of their expenditure payments, and pay off debt faster, usually at a lower combined interest rate.

? What are repayments and how often do they occur?

Several variables go into calculating a loan's monthly payments. Primarily, the loan's principal amount, interest rate, and maturity date. You may plug the numbers into our handy calculator to see how these considerations will affect your spending plan. Repayments can be made by direct debit once a week, twice a month, or once a month.