Do you have a mortgage that is due to come off a fixed interest rate in 2022? Maybe you have one due to come off next year, or maybe you're considering getting into the housing market for the first time. Whichever way you're looking at it, this article has been...

I was lucky enough to be involved with a really cool experience recently. It will show you why we love our work so much here at Summit Mortgages, as well as the challenges we often face when working to get approval for our clients.  This story will also hopefully...

One of the hot questions we're getting asked at the moment is "do you think it's a good time to buy???" It's no secret that the property market in New Zealand has seen a heap of changes over 2021/2022. There has been a real "cooling off" of the property purchasing...

One common challenge that we hear from our clients when we first start chatting about getting a home loan is their existing level of debt. There's a common misconception that because someone might have a personal loan or a car on finance that it's going to hold them...

It's no secret that hard working Kiwis looking to get into their First Home have been faced with some pretty big hoops to jump through. Just getting to the point in their journey of getting an approval for lending has left more than a few people feeling like home...

Last year was a tough one for first-home buyers! They faced rapidly escalating house prices, rising mortgage rates, reinstated loan-to-value ratios (LVRs), and then the cherry on the top; the new Credit Contract and Consumer Finance Act (CCCFA) lending rules in...

Does it feel like it is costing more and more every week, just to get by? Most people would likely answer yes when asked this question, and with inflation being a hot topic at the moment (and rightfully so with it being at a 30 year record high of 5.9%) you would need...

We've all seen the headlines of the cost of building and new builds going up. In this blog we outline some of the reasons for the increase in cost and give some tips of how to deal with this when working to a budget. The demand for housing remains strong and a perfect...

An extremely hot topic in the Mortgage industry (and media) at present is the challenges that prospective borrowers are now facing with regards to the changes recently made to the Credit Contracts and Consumer Finance Act (CCCFA). Rather than get all financey on it,...

Thinking about building your new property? Exciting news, we have now got access to two lenders doing a new deal for builds! The new Back My Build floating rate of 1.79% p.a. will help customers who are either building their new home from scratch, purchasing a home...

Congratulations! Getting pre-approved for a home loan is no easy feat. So, what are the next steps you need to take in purchasing your new home? Well, now is the exciting time; you can start looking at properties.  Before making an offer Before you make an offer on a...