Who has the Best Home Loan?

When home buyers make the decision to buy a home, one of the first and foremost things on their minds, save for those few fortunate enough to have saved enough to buy outright, is 'who has the best home loans'? Factors such as interest rates, lending conditions and reliability all play a major role in answering that question, but with over 50 established lending sources on the market place including banks, credit unions and finance companies, finding out can involve a lot of intensive research, meetings and questioning; certainly an exhaustive process.

To begin with, there is a great resource, courtesy of our friends at Good Returns, which provides a continually updated comparison of interest rates for all the major lenders, all in one place. It also shows a history of changes and can be filtered by type of lender (Major banks, minor banks and non bank lenders) and can also show changes from the previous day, one week, two weeks, four weeks, three months or six months. There is also a feature where graphs can be plotted showing visually a comparison between lenders with changes over time.

The latest home loan rates can be found here. In terms of interest rates, this is a great resource to use.

Obviously personal circumstances play a role in what you're looking for out of a home loan. Knowing this, simply looking at interest rates and watching television ads extolling the virtues of certain institutions can be a tad misleading, as they are generalised to appeal to a wider audience and not you specifically. Plus, some calculations can be complicated things, and it can be confusing as to which loan will really pay off for you over the entire course of your loan repayments 5 years or more down the track. Each of the major banks has their own calculator applications designed to answer these questions, but again, comparing them all and taking into account all of the minutiae can be a daunting task, for which there is no simple table or application to complete.

If you want to take some of the legwork out of your home loan research, Mortgage brokers can be a helpful resource. They can either secure a loan at the best possible conditions for you specifically or determine which loan is best based on all the factors you need taken into account. A small difference in percentile points here or some misunderstood fine print there and you could end up paying hundreds or thousands more than you could have been if you covered all your bases from the start. Auckland in particular has experienced a rapid increase in the cost of housing, making it even more vital that you don't waste money when repaying your mortgage.

Overall, we hope the resources online help, but if you require more information or think you could benefit by having your bases covered when it comes to your home loans, make a free, no obligation enquiry to our lending department anytime at enquiry@sprattfinancial.co.nz

Visit our official website for more information.

View the contact details and bio of Jonathan Parsons, our mortgage specialist.

Introduction to Our Lending Services

One of the key components of our business is the array of lending services we offer. If there's a project or a goal of yours that you require funding for, why not come to us? Our advisors have a wealth of experience from senior positions in the banking industry; specialising in both residential and commercial lending.

Our technical knowledge, coupled with our negotiating expertise, will always ensure the most beneficial conditions for our clients. You can depend on us to source and structure your loan on the most favourable possible terms to you, taking much of the legwork out of your hands.

Residential & Commercial Mortgages

Whether you’re purchasing a new property or refinancing existing assets, we can offer you competitive fees, the lowest possible interest rates and best possible loan to value ratios. When it comes time to invest in property, we can take some of the stress out of your hands and help secure the best possible deal for you.

Asset Funding

Asset funding is a type of financing where assets are converted into cash in exchange for a security interest in those assets. Spratt Financial Services provides a comprehensive array of private equity services tailored to your specific needs. Our products and services have been specifically crafted to ensure clients get the maximum possible benefit from the skills of leading investment managers.

Debt Restructuring

The debt advisory services we offer help clients to determine the best debt management strategy, select the right products and providers and do business on the best terms. Our method is to work in close partnership with clients to develop a comprehensive set of the best possible financing solutions for your debt. We then work with you to assess each option thoroughly, choosing the right option for you and then implementing the preferred resolution.


 Other services we can offer include:

• Nominee, Private & Company Funding.
• Investment Property Funding.

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