Home Loan Mortgage
What is a Home Loan in New Zealand?
A home loan (also known as a mortgage) is a financial solution that helps individuals and families buy a home by borrowing money from a lender. The loan is repaid in regular installments over an agreed term, making homeownership achievable without requiring a large upfront payment. In New Zealand, home loans are offered with fixed, floating (variable), or split interest rate options to suit your financial preferences.
Who Should Consider a Home Loan?
A home loan is ideal for:
- First-home buyers – Those looking to purchase their first home and leverage benefits like Kiwisaver First Home Withdrawal and the First Home Grant.
- Homeowners upgrading or downsizing – Individuals or families wanting to move to a different property.
- Property investors – Those seeking to invest in residential real estate for rental income or capital growth.
- Refinancing borrowers – Homeowners who want to secure better interest rates or adjust their loan terms.
- Self-employed individuals – Professionals who may need tailored mortgage solutions based on their income structure.
Did You Know?
More than 60% of Kiwis rely on a home loan to purchase their property.
Fixed-rate home loans offer predictability with consistent repayments, while floating rates provide flexibility for early repayments.
Refinancing can help you reduce interest rates and save thousands of dollars over the life of your loan.
Types of Home Loan Options Available in New Zealand
At SilverStone Financial Services, we offer a range of home loan options to suit diverse financial needs:
- Fixed-Rate Home Loan – Offers a consistent interest rate and repayment amount over a set period (1-5 years), providing financial certainty.
- Floating (Variable) Rate Home Loan – Interest rates fluctuate based on market conditions, giving you flexibility to make lump-sum payments without penalty.
- Split Loan Option – Combines the benefits of both fixed and floating rates by splitting your loan into two portions.
- Interest-Only Home Loan – Allows borrowers to pay only the interest for a set period, ideal for investors looking to manage cash flow (subject to CCCFA regulations).
- Refinancing or Refixing – Allows homeowners to secure a better interest rate, consolidate debt, or adjust the loan term to better suit their financial goals.
- Investment Property Loan – Designed for property investors looking to expand their real estate portfolio.
Government Assistance for First-Home Buyers
If you are a first-home buyer in New Zealand, you may be eligible for:
- Kiwisaver First Home Withdrawal – Allows eligible Kiwisaver members to withdraw savings for their first home.
- First Home Grant – A government grant of up to $10,000 per person towards the purchase of a newly built home or an existing property.
- Welcome Home Loan – A government-backed loan option for first-home buyers with a lower deposit requirement.
What is covered and not covered
Benefits of Choosing Silver Stone Financial Services
When you choose SilverStone Financial Services, you benefit from:
- Tailored Mortgage Solutions – Customized plans to suit your financial goals and lifestyle.
- Competitive Interest Rates – Access to the best rates from leading New Zealand lenders.
- Expert Financial Advice – Licensed financial advisers to guide you through the home loan process.
- Fast & Hassle-Free Approvals – Streamlined process to help you secure your home quickly.
- Ongoing Loan Management – Continuous support to help you refinance or adjust your loan as needed.
At SilverStone Financial Services, we are committed to helping Kiwis achieve their homeownership dreams. Contact us today to explore your home loan options and secure the best mortgage deal for your needs!