WELCOME TO WRIGHT HOME LOANS
HOME LOAN AND COMMERCIAL LOAN SERVICES
A home loan is a big investment that can help set your family up for a healthy financial future. The right mortgage can help you achieve your financial goals and limit the interest you pay; while the wrong mortgage can cost you tens of thousands of dollars more than it should. Speak to a Wright Financial adviser to get the right home loan for you.
BUY YOUR FIRST HOME
INVESTMENT PROPERTY
NEW CONSTRUCTION or RENOVATION
REFINANCING EXISTING MORTGAGE
WHAT ARE MY HOME LOAN OPTIONS?
Wright Financial is here to help you find the right home loan and the best deal for your needs. We take the guesswork out of home loans by comparing mortgage rates, dealing with the lender, and helping find you the loan structure that helps you achieve your financial goals as quickly as possibly within your budget.
How do I buy my First Home?
What can I afford? Do I have enough money to put down? What type of loan is best for me? Buying your first home can be confusing. Wright Financial home loan advisers can help walk you through what you need to know, so you can move forward with confidence.
Determine How Much You Have To Deposit
- KiwiSaver
- Home Start Grant
- Savings
- Gifting
- Inheritance
Determine How Much You Can Afford
- Get Advice
- Total combined income for servicing Income
- Employment Type & duration
- Existing Liabilities
Determine Your Type of Home Loan Property Search
- Property Search
- Location, Location, Location
- LIM Report
- Builders Report
- Registered Valuation
Get Conditional Approval (Pre Approval)
- Sale & Purchase Agreement
- Auction & Offer
- Lawyers Approval
- Mortgage application
- Financial Adviser/Mortgage Broker Completion
Investment Property
So, you are ready to Invest in Property! Talk to Wright Financial to make sure you know where you stand with your current home loan and how best to get into an Investment Property.
Determine the State of Your Current Home Loan
- Calculate your equity
- Savings
- Gifting
- Inheritance
- 40% Deposit required
Determine Your Options
- Get Advice
- Combined Income for Loan Servicing
- Rental Income
- Employment Type & duration
- Existing Liability
Make a Plan
- Financial Adviser Advice
- Accountant
- Property Value
- Location, Location, Location
- LIM & Builders Report
Put Your Plan in Action
- Sale & purchase agreement
- Auction or offer
- Lawyers approval
- Mortgage Application
- Financial Adviser/Mortgage broker completion
Construction of A New Home or Renovations
Building your dream home? Lucky you!
Wright Financial helps you secure the best loan structure that will meet you or your builder’s specific requirements, with the most competitive rates. Here’s what you need to know.
Determine How Much You have as a Deposit
- KiwiSaver
- Home Start Grant
- Savings
- Gifting
- Inheritance
- Can be less than 20% deposit
Put Your Plan in Action
- Sale & purchase agreement
- Auction or offer
- Lawyers approval
- Mortgage Application
- Financial Adviser/Mortgage broker completion
Determine Your Plans and Location Options
- Builder Master or Certified
- Housing Plans
- Section Location
- Sale & Purchase agreement
- Lim Report
- Lawyers approval
Getting Your Loan Approval
- Building Plan Registered Valuation (and you will need another on build completion)
- Mortgage Application
- Financial Adviser/ Mortgage Broker to complete
* Not required for Renovation
Refinancing Current Home loan or Investment Property Loan
Your properties could be the key to growing your property business or paying off your current Home Loan faster.
Owning multiple properties is an asset you can leverage to reinvest into more property. Not sure how to go about securing extra properties or reducing your current Home Loan through refinancing? We can walk you through the steps.
Determine How Much Equity You Have
- Calculate the Loan to properties value
- Use CV or Registered Valuation
- Savings
- Gifting
- Inheritance
Determine Affordability
- Get Advice
- Total Combined Income for Servicing
- Employment Type & duration
- Existing Liabilities
Getting Pre Approval
- Mortgage application
- Financial Adviser/ Mortgage broker to complete
Determine Your Loan options
- Floating
- Fixed
- Interest Only
- Revolving Credit
HOW DO I BUY A HOME?
There are many steps in the home buying process. The best advice is to surround yourself with knowledgeable and skilled professionals. You will be thankful that you did.
Wright Financial Solutions can either build a custom portfolio or help you with a selected portfolio.
Pre-qualify
The first thing you should do is pre-qualify for a home loan up to the largest amount you are willing to purchase a home for, after adding together all your deposit funds. Talk to us or complete the prequalifying form below.
Real-Estate Agent enquiry
Get a reputable Real Estate Agent that knows the areas you want to purchase in well. They should be a fountain of information regarding fair market prices and things to look for while you are house hunting.
House Hunting
Get out and look at some properties! Try and look at more than 10 so that you have a good idea of what you like and what you don’t…you don’t want to settle!
Make an Offer
Discuss you offer with your lawyer and be prepared for some back and forth with home owners. Your Real-Estate Agent will present your offer and wait to hear back from the home owner’s Real-Estate Agent to find out if you have a deal or need to negotiate further.
Sign an Agreement
Once you have agreed to the purchase amount and the terms of sale, you will sign a conditional agreement. At this point, you will want to further investigate the property before entering into a final agreement. There are two important dates to get right on your Sale & Purchase agreement. Unconditional date (allows time to get finance & Lim or Builders Reports etc.) allow 5-10 days to complete these requirements, then it’s the Settlement date, (the date you take over the property).
Get a LIM Report
A LIM report will tell you about the property. If the property has the right code of compliance and consents. Order the report from the council once you’ve signed a conditional agreement. It takes up to 10 days and can cost between $250 and $350.
Get a Building Inspection
A building inspection is an important step before agreeing to purchase a home. The building inspector will check for any defects in the home. You will have the opportunity to request for a reduction in the price of the home to offset the cost to repair defects or you can terminate your agreement to purchase.
Lawyer Catch Up!
You need a lawyer to complete your purchase. They will ensure that there aren’t any pitfalls or liens against the property, go through the mortgage documents with you to ensure you understand what you are agreeing to and settle the funds.
Pay Your Deposit
Once the lawyer has confirmed that the offer is now unconditional, it is time to pay the deposit.
Pick-Up Your Keys and Move In!
On the day that your new home, settles you will head back to your Real-Estate Agent to pick-up the keys to your new home. Then, all that is left to do is move in and enjoy!
READY TO APPLY FOR A HOME LOAN?
You’ve done your homework and you are ready for a home loan. Download your application to get started!
READY TO DISCUSS YOUR HOME LOAN OPTIONS?
If you are ready to start the home buying process, contact Wright Financial to take your first step in securing the right home loan for you. If you are a new client, fill out a simple form to be contacted for your first appointment and receive a free $50 voucher when you come in. See Terms & Conditions for details.
Testimonials
TYPES OF LOANS
Fixed
Fixed interest rate home loans are ideal for people that need to create a consistent monthly budget or have a low-risk threshold. Fixed interest rate loans are set for a period of six months to five years.
Floating/Variable
Fixed interest rate home loans are ideal for people that need to create a consistent monthly budget or have a low-risk threshold. Fixed interest rate loans are set for a period of six months to five years.
Fixed and Floating Combination
A floating/variable interest rate is for you if you can manage a changing monthly budget. These rates change with the market, which may provide a lower overall interest rate over your home loan period.
Table
The amount paid per month lowers the premium and pays the interest. As payments are made in a table loan, the payments shift from paying off more of the interest to paying off more of the premium.
Revolving Credit
Reduce the interest you pay. Credit your pay into the account, then bills are debited when they are due. Interest is calculated daily so you only pay interest on how much of the “overdraft” you are using.
Reducing
Pay the same amount of principal each payment, this reduces the interest you pay each time. You pay higher interest at the outset, but the total amount of interest you pay is less compared to a table loan.
Interest Only Loan
Interest Only loans will cost you more in the long run, but allow you to make a lower payment by paying just the interest. An interest loan can help you maintain your cash flow or take advantage of tax savings.
Offset Loan
Balance your savings and accounts against your home loan. Take the interest you would have received from your savings and take it off what you owe on your home loan.
With over 20 years’ experience providing independent professional financial advice in the areas of Insurance, Investments, and Home Loans.
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