Loan options

Every situation is different, and sometimes a standard mortgage isn’t the right fit. We’ll help you find the lending options that match your goals and lifestyle.

Loan Structures

Offset loan

Your savings sit in a linked account and reduce the amount you're charged interest on. You're not paying down the loan faster - you're just paying less interest on what you owe.

Loan Structures

Revolving credit loan

Think of it like a giant overdraft. You can borrow, repay, and redraw as you need - super flexible if your income's irregular, but it takes discipline to avoid leaving too much drawn.

Loan Structures

Table loan (P&I)

This is the most common home loan in New Zealand, with regular, consistent repayments over a set term (generally 25-30yrs). Every repayment covers both the interest and a chunk of what you actually borrowed providing you with certainty and a clear path to ownership.

Loan Structures

Interest - only loan

This loan allows you to pay only the interest for a set period (usually up to 5yrs), which can free up cash flow for things like renovations. The principal amount you owe does not decrease during this time.

Loan Structures

Reducing balance loan (P&I)

With this loan, your payments decrease over time as you pay off the principal, which means you pay less interest overall, though initial payments are higher.

Rate options

Floating / variable rate mortgage

Your rate moves with the market, so your repayments can go up or down. You get full flexibility to pay extra or switch to fixed anytime - perfect if you want control, but you'll need to handle a bit of uncertainty.

Rate options

Fixed rate mortgage

Your interest rate stays the same for a set time (usually 6 months to 5 years), so your repayments don't change. Great if you like knowing exactly what you'll pay - but if you want to pay extra or exit early, there's usually a fee.

Rate options

Split mortgage

Get the best of both worlds by splitting your loan between fixed and floating rates, giving you a balance of certainty and flexibility.

Specialised loans

Bridging loan

This short-term loan “bridges the gap” when you buy a new home before you’ve sold your current one, providing the funds you need to secure your next property.

Specialised loans

Construction loan

If you’re building a new home, a construction loan provides funds in stages as your build progresses, so you only pay interest on the money you’ve drawn down.

Specialised loans

Land loan

This loan is specifically for purchasing a section of land to build on in the future and typically requires a larger deposit than a standard home loan.

Specialised loans

Low deposit home loan

Designed for first-home buyers, this loan, often supported by Kāinga Ora, allows you to purchase a home with a deposit as low as 5%.

Specialised loans

Business Finance or Personal Loans

If you need business cash flow, a vehicle loan or a personal loan (secured or unsecured), we’ll help you find an option that fits your situation.

What our clients are saying

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★★★★★
"Outstanding Service From Michael!"
Buying a property for the first time is tough in itself and having a great team to help you with the whole process makes all the difference. I was lucky enough to have received an outstanding service from Michael Cooper of Cooper Mortgages who had not only been very open to hear about my present circumstance, he had also used his knowledge and expertise to give us financial advice that's tailor fit to our situation. He's very reliable in terms of being proactive on updates as well as making sure all our queries via email and SMS are replied on. Overall satisfied with the excellent service we received :)
— Kimberley Titoy
★★★★★
"Lending Advice Was Simply the Best!"
In our recent Refinancing, Michael of Cooper Mortgages provided great customer service and was brilliant at communicating with us and keeping everyone in the loop at all times. He responds quickly and clearly. He works tirelessly on our behalf and is patient with us in explaiing the options and details. He looked at all alternatives and advised us of the pro's and con's of each one to ensure we had options and made the best financial decision. His lending advice was simply the best! We would highly recommend Michael as the best Mortgage Broker we have ever used or come across and we will be referring him to all our family and friends.
— Marc Fisk
★★★★★
"Knowledgeable and Patient Guidance"
As first home buyers, we had a lot of questions and uncertainties. Michael was incredibly patient and took the time to explain every step of the mortgage process. His knowledge of the market and different lending options was impressive. He helped us secure a great rate and made the entire experience much less stressful than we anticipated. We couldn't have done it without him!
— Sarah & John Thompson
★★★★★
"Seamless Refinancing Experience"
We decided to refinance our home to take advantage of better rates, and Michael made the transition seamless. He handled all the paperwork and communication with the banks, keeping us updated throughout. His professionalism and attention to detail were top-notch. We're now saving significantly on our monthly payments. Highly recommend his services for anyone looking to refinance.
— David Miller
★★★★★
"Above and Beyond for First-Timers"
Michael went above and beyond to help us get into our first home. He was always available to answer our calls and emails, even outside of regular business hours. His dedication to finding us the best possible deal was evident from day one. He truly cares about his clients and their success. We are so grateful for his help and would recommend him to anyone.
— Emily & Mark Wilson
★★★★★
"Expert Advice for Our Future"
Michael didn't just help us refinance; he provided expert advice on how to structure our mortgage for our long-term financial goals. He looked at our entire financial picture and suggested options we hadn't even considered. His holistic approach and deep understanding of the industry are what set him apart. We feel much more confident about our financial future now.
— Robert & Linda Chen
★★★★★
"Trustworthy and Reliable Partner"
Finding a mortgage broker you can trust is essential, and Michael is exactly that. He was honest, transparent, and reliable throughout the entire process of buying our first home. He never pressured us and always had our best interests at heart. We felt like we had a true partner in our corner. We'll definitely be using him again in the future.
— Jessica Taylor
★★★★★
"Efficient and Professional Service"
We were impressed by how efficient and professional Michael was during our refinancing process. He moved quickly and kept us informed every step of the way. He made what could have been a complicated process feel very straightforward. His expertise and commitment to excellence are clear. We're very happy with the outcome and would highly recommend him.
— Thomas & Karen Brown
★★★★★
"Super Easy Process All Around"
Michael made the entire process super simple for us as first home buyers. He provided great service, was extremely helpful and gave us good clear advice. Would definitely recommend Cooper Mortgages, Super easy process all around. Thanks again Michael!
— Billy & Shontell Cover
★★★★★
"Communication Throughout Was Fantastic"
Michael at Cooper Mortgages was absolutely fantastic and really got us sorted. From day one we were updated regularly and his communication throughout was fantastic. Not only did he give great advise, he took the stress out of the whole process. He gave us great lending advise, but also helped us with future budgets and will keep an eye over our mortgage when it comes off it’s fixed term. I have full trust in him to continue to help us with our mortgage in the future. Thank you Michael.
— Grant McNeil

Estimate your loan numbers.

Check out our suite of mortgage calculators to see how different loan lengths, rates & payments can affect your repayments and total cost - it only takes a moment to compare your options.

Ready to get started?

Start the application process today and we’ll guide you through your home loan journey every step of the way.