Compare Mortgages

Get home loans from New Zealand’s best lenders, whether you’re a first home buyer, investing or refinancing. Compare interest rates, mortgage repayments, fees and more.

  • Compare top mortgage deals
  • Find the right mortgage
  • Get free mortgage advice
Mortgages NZ

What Is a Mortgage?

A mortgage is a debt instrument, secured by the collateral of specified real estate property, that the borrower is obliged to pay back with a predetermined set of payments.


Finding a home loan with a good interest rate

We’re here to save you money and time! Our home loans experts  – top mortgage specialists – make the whole lending process easy and simple. Here at LifeCovered, we compare the best home loans in New Zealand without all the confusing lingo. 

Are you looking to refinance your mortgage? or buy your first home?

You’ll want to make it right – after all, buying a home is likely one of the biggest financial decisions in your life.

Compare home loans & mortgage interest rates

What is a home loan?

A home loan or mortgage is a loan from a bank or lender, used to buy a property, where the amount you borrow, plus interest, is secured against the value of the property. You’ll then have to make weekly, fortnightly or monthly payments, including interest, until the loan has been paid back in full.

Home Loans Specialists

Whether you’re buying your first home, moving home or simply refinancing – we’re here to help you find the best home loans. We do all the hard work for you and based on your circumstances, we’ll recommend the best finance solution.

First Home Buyer

Get the best deal for first home buyers, including cashback offers, low fees and discounts.

Refinance Mortgage

Save money when refinancing your mortgage with another bank or lender.

Buy a home

Find out how you can move to a new home and see how you could get a better deal.

How will COVID-19 affect the housing market

The New Zealand Government is urging Kiwi’s to delay moving to a new home during the lockdown. While people have been able to buy and sell homes during the lockdown, this has been happening without physical inspections.

As we are transitioning to level 2, we are anticipating more activity in the market. 

For full details, see Government advice during the COVID-19 outbreak.

Compare Mortgage Rates

Using a Mortgage broker to compare the interest rates and get the best deals is the right thing to do. Wondering how much you can afford. Check our mortgage calculator.

Mortgage Terminology

Using a Mortgage broker to compare the interest rates and get the best deals is the right thing to do. Wondering how much you can afford. Check our mortgage calculator.

Waikato Based Mortgage Brokers, serving New Zealand

Learn more about home loans

Your local bank might give you a home loans, but there are also other options available: 

  • building societies
  • credit unions
  • small and large banks
  • non-bank lenders

Often lenders incentivise customers with home loans specials such as discounted interest rates, waived fees and cashback offers. These special offers can help you save money, but keep in mind break costs.  

The best mortgage lender for you will be the one offering a home loan with rates, fees, features and benefits that suit your needs.

Some banks offer home loan package deals, letting you bundle a mortgage with a bank account, credit card, and other financial services. 

Most Kiwi banks offer online banking so you can take care of your home loan online or over the phone.

Being on a fixed rate means you’ll know exactly how much your regular repayments will be – either weekly, fortnightly, or monthly.

With a floating home loan, your interest rate may go up or down in line with market changes.

With a revolving credit facility on your everyday bank account, you have access to credit when you need it and can also reduce the overall interest you’ll pay by direct crediting all your income into this account. Revolving credit home loans have a floating interest rate.


The Reserve Bank of New Zealand (RBNZ) uses the Official Cash Rate (OCR) to influence the interest rates in New Zealand. In effect it’s the wholesale price of borrowing or lending money in New Zealand. When the RBNZ 


It’s a great idea to get your approved with a lender for a home loan, before your start looking for a home. This way, you will know exactly how much money you can borrow and so you’re dreaming about houses outside your budget.

Make an offer

Find your home – maybe get some help from a real estate agent who can find you the right home, haggle the price and take care of all the paperwork.


When getting the right finance deal for you in place, we compare the all big banks incl ANZ, BNZ, Westpac, Kiwibank and other lenders such as Resimac.