What's so good about a flexible mortgage ?

You decide..

In this section:
The benefits of a flexible mortgage


Being a financial adviser involves using the various insurance & financial tools available in order to help clients achieve certain goals  - the flexible mortgage is probably one of the most useful tools available..


What is a flexible mortgage ?

A flexible mortgage combines your current account and mortgage account into one. By paying your salary and any other income directly into this account, you immediately lower your loan account balance and therefore the amount of interest you pay. If you then use your credit card for all your everyday purchases, you keep your loan account balance lower for even longer - this can save you thousands of dollars in interest and fees over the term of your loan.

This type of arrangement has other advantages:

There are no additional charges, meaning you'll probably save yourself another $30-$40 per month in bank charges

Any extra savings that you put in this account earn interest at current mortgage rates, rather than current savings rates.


Any additional funds that you place into your mortgage account over and above your normal payment can be withdrawn at any time, making it an ideal way to save for big expense items such as holidays, cars etc.

Provides you with a way of paying extra in times of low interest rates, to give you more flexibility in times when rates are high.

Switching your mortgage and restructuring your loan, debt and income into a current account mortgage can alleviate some of the pressure on domestic finances caused by the current economic conditions.



Which lenders offer a flexible mortgage ?

The only lender in New Zealand (to the best of our knowledge) that offers a true flexible mortgage, is Sovereign Assurance. Sovereign are the largest non-bank lender in New Zealand, and their Go Home Loan is highly respected by mortgage brokers and financial advisers for it's flexibility, ease of use and competitive interest rates.



How much will it cost ?

Refinancing to a Sovereign Go Home Loan is now a simple and inexpensive process: Provided your loan meets certain criteria there are no application fees to pay to Sovereign, and using the Switch Me legal service from Sanderson Weir lawyers cuts out the need for high legal fees and lawyer visits - the standard fee for this is only $433.



How do I find out more ?

To find out more simply complete the quotation & further information formand tick 'Review my Mortgage' - we'll then give you a call to discuss your options.

Alternatively, if you'd like to speak to somebody now, give us a call on Auckland
09 473 8010, or 0800 080 434.