Geekzone: technology news, blogs, forums
Guest
Welcome Guest.
You haven't logged in yet. If you don't have an account you can register now.


View this topic in a long page with up to 500 replies per page Create new topic
1 | 2 
Nate wants an iphone
3906 posts

Uber Geek

Mod Emeritus
Trusted
Lifetime subscriber

  # 1798208 11-Jun-2017 21:46
Send private message

If you ask the right bank (not Kiwibank for instance), you can still secure interest rates that start with a 3, but defintely at the upper end of 3% (eg. 3.9x%)... I'm the process of getting my home loan sorted this month :) 





webhosting |New Zealand connectionsgeekzone IRC chat
Loose lips may sink ships - Be smart - Don't post internal/commercially sensitive or confidential information!


2309 posts

Uber Geek

Trusted
Subscriber

  # 1798209 11-Jun-2017 21:55
Send private message

cokemaster:

If you ask the right bank (not Kiwibank for instance), you can still secure interest rates that start with a 3, but defintely at the upper end of 3% (eg. 3.9x%)... I'm the process of getting my home loan sorted this month :) 



Who do you suggest talking to at the moment - Im in the same position. Kiwibank haven't done any discounts for the last couple of months but that may change soon (I'm with Kiwibank at the moment and that is what they tell me).

 
 
 
 


1676 posts

Uber Geek

Subscriber

  # 1798235 11-Jun-2017 23:54
One person supports this post
Send private message

The other thing to remember is the broker will renegotiate your fixed term rates when they come up.  Screw having to negotiate with the bank every 12 months etc.


Nate wants an iphone
3906 posts

Uber Geek

Mod Emeritus
Trusted
Lifetime subscriber

  # 1798759 12-Jun-2017 18:30
Send private message

Handle9:
cokemaster:

 

If you ask the right bank (not Kiwibank for instance), you can still secure interest rates that start with a 3, but defintely at the upper end of 3% (eg. 3.9x%)... I'm the process of getting my home loan sorted this month :) 

 



Who do you suggest talking to at the moment - Im in the same position. Kiwibank haven't done any discounts for the last couple of months but that may change soon (I'm with Kiwibank at the moment and that is what they tell me).

 

In short: HSBC. Their board rate for 18 months is currently sitting at 4.09%pa but they will be prepared to move further south and offer a cash contribution. Note that they do have a minimum mortgage ($500k) or banking relationship required to access their mortgage products. 

 

I also suggest either checking out http://www.interest.co.nz/borrowing as they have most of the rates from the various banks and credit unions. 

 

In terms of other banks - would suggest ANZ, BNZ, Westpac... they've all been prepared to 'sharpen their pencils' (ANZ even proactively go to their pricing team to get a better rate :) )  although they couldn't meet the HSBC rate by quite a significant margin. Its my experience that Kiwibank will 'sharpen their pencils' for acqusition purposes but otherwise be prepared to accept the board rates afterwards. I haven't tried out a number of the smaller banks - eg. TSB, some of regional credit unions but largely their interest rates haven't been as sharp so I haven't kicked the tyres with them. 





webhosting |New Zealand connectionsgeekzone IRC chat
Loose lips may sink ships - Be smart - Don't post internal/commercially sensitive or confidential information!


2309 posts

Uber Geek

Trusted
Subscriber

  # 1798783 12-Jun-2017 19:17
Send private message

Thanks. My experience with Kiwibank has been they will always match rates and cash contribution (or at least they have the last two times Ive fixed) however they aren't doing that at the moment.

I haven't tried hsbc yet and I've had bad experiences at ANZ. Im waiting for pricing from Westpac and ASB at the moment. Will add hsbc to the mix.

894 posts

Ultimate Geek

Subscriber

  # 1801608 15-Jun-2017 15:38
Send private message

ArcticSilver:

 

The idea behind a mortgage broker is that they bundle together a whole lot of mortgages try and get a better rate out of the bank. Because they are bundling they have more clout. It's suppose to be a win win.

 

The bank pays the mortgage broker for the referral and you as the mortgagee get the better rate.

 

You can try going to the bank directly and negotiating a good rate, but I suspect you'll be pushing uphill vs a mortgage broker (though there would be no harm in trying).

 

 

Only time I've used a broker was the first time I had a mortgage - after that I've always done better than a broker can do by negotiating directly.  Another trick is to advise your existing bank your moving on before you actually sign with another bank as usually there is a team which handles retaining business they are about to loose and have the power to offer bigger discounts that a regular bank manager cant offer.

 

 

 

 

 

 


UHD

656 posts

Ultimate Geek
Inactive user


  # 1801647 15-Jun-2017 17:10
Send private message

The only time I use a broker is to have something to take to my banker to negotiate with.


1 | 2 
View this topic in a long page with up to 500 replies per page Create new topic



Twitter and LinkedIn »



Follow us to receive Twitter updates when new discussions are posted in our forums:



Follow us to receive Twitter updates when news items and blogs are posted in our frontpage:



Follow us to receive Twitter updates when tech item prices are listed in our price comparison site:





News »

Intel expands 10th Gen Intel Core Mobile processor family
Posted 23-Aug-2019 10:22


Digital innovation drives new investment provider
Posted 23-Aug-2019 08:29


Catalyst Cloud becomes a Kubernetes Certified Service Provider (KCSP)
Posted 23-Aug-2019 08:21


New AI legaltech product launched in New Zealand
Posted 21-Aug-2019 17:01


Yubico launches first Lightning-compatible security key, the YubiKey 5Ci
Posted 21-Aug-2019 16:46


Disney+ streaming service confirmed launch in New Zealand
Posted 20-Aug-2019 09:29


Industry plan could create a billion dollar interactive games sector
Posted 19-Aug-2019 20:41


Personal cyber insurance a New Zealand first
Posted 19-Aug-2019 20:26


University of Waikato launches space for esports
Posted 19-Aug-2019 20:20


D-Link ANZ expands mydlink ecosystem with new mydlink Mini Wi-Fi Smart Plug
Posted 19-Aug-2019 20:14


Kiwi workers still falling victim to old cyber tricks
Posted 12-Aug-2019 20:47


Lightning Lab GovTech launches 2019 programme
Posted 12-Aug-2019 20:41


Epson launches portable laser projector
Posted 12-Aug-2019 20:27


Huawei launches new distributed HarmonyOS
Posted 12-Aug-2019 20:20


Lenovo introduces single-socket servers for edge and data-intensive workloads
Posted 9-Aug-2019 21:26



Geekzone Live »

Try automatic live updates from Geekzone directly in your browser, without refreshing the page, with Geekzone Live now.


Support Geekzone »

Our community of supporters help make Geekzone possible. Click the button below to join them.

Support Geezone on PressPatron



Are you subscribed to our RSS feed? You can download the latest headlines and summaries from our stories directly to your computer or smartphone by using a feed reader.

Alternatively, you can receive a daily email with Geekzone updates.