Residential mortgages made simple.
Buying a home is one of the biggest financial decisions most people will make. At McMasters Financial, the goal is to make the mortgage process clear, straightforward, and tailored to your situation.
With 17 years of experience in banking and lending, James Lowes works with New Zealanders to structure home loans that support both immediate needs and long-term financial goals. Whether you're buying your first home, upgrading, or reviewing an existing mortgage, the focus is always on finding the right lending solution for you.
Who this service is for?
First home buyers
Entering the property market for the first time can feel overwhelming, with deposits, lending criteria, and different loan options to consider. McMasters Financial helps first home buyers understand the process, explore lending options, and structure a mortgage that makes stepping onto the property ladder more achievable.
Upgrade or relocate
As life changes, so do housing needs. Whether you're upgrading to a larger home, relocating within New Zealand, or returning from overseas, guidance through the lending process can help ensure your next move is financially well structured and aligned with your long-term plans.
Refinancing
Refinancing an existing mortgage can be an opportunity to secure a better rate, restructure lending, or release equity for future plans. McMasters Financial reviews your current loan structure and helps identify whether refinancing could improve your overall financial position.
New builds
New builds can come with different lending requirements and timelines compared to existing homes. McMasters Financial assists buyers in navigating these considerations, helping ensure the finance is structured correctly from the start so the building process runs as smoothly as possible.
How McMasters Financial helps.
Working with a mortgage adviser means you’re not navigating the lending process alone. At McMasters Financial, James provides guidance from the first conversation all the way through to settlement, ensuring you have clarity and confidence every step of the way.
With McMasters Financial, the aim is to make residential lending straightforward while giving you the confidence that every decision is structured around your goals.
The process is simple and structured:
Step 1
Initial conversation
Everything starts with a chat about your goals, financial situation, and what you’re hoping to achieve.
Step 2
Financial review
James reviews your income, deposit, and overall financial position to understand your borrowing capacity and the options available.
Step 3
Finding the right lending solution
The most suitable lenders and loan structures are explored based on your situation. This ensures your mortgage is tailored to both your current needs and future plans.
Step 4
Application and settlement
Once a lending solution is chosen, the application is submitted and managed through to approval and settlement. James stays involved throughout, providing guidance, managing communications, and offering ongoing advice as circumstances change.
Common questions answered.
How much deposit do I need?
Most lenders require a minimum deposit of around 20%, although options may be available for lower deposits depending on the situation.
Can I use KiwiSaver to buy a home?
Many first home buyers can withdraw their KiwiSaver to contribute toward a deposit, provided eligibility requirements are met.
How long does the mortgage approval process take?
Timeframes vary depending on the lender and the complexity of the application, but approvals typically take anywhere from a few days to a few weeks.
Can I buy property while living overseas?
Yes. Many New Zealanders living abroad still purchase property at home. Lending requirements may differ, but solutions are often available.
What is the difference between a pre-approval, an approval and a ‘live deal’?
A pre-approval is an indication from the bank of how much you may be able to borrow, based on your current financial situation. It’s a great first step when you’re house hunting, as it gives you greater certainty of obtaining finance. However, it’s usually subject to conditions — such as finding a suitable property.
A live deal means you have an actual property under contract and the loan is actively being worked through to approval
A full approval means the bank has assessed everything — including the specific property you have under contract. This is the stage where you can confidently proceed with your purchase.
Can you help with top ups for EV’s/Vehicles, renovations, solar?
Yes, many of the banks offer discounted lending rates for this.
What is a Low Equity Margin and when is it applied?
If your deposit is less than 20%, the bank may charge a higher interest rate called a low equity margin. This can be removed once your equity increases.
What costs should I budget for when buying a home?
In addition to your deposit, you may need to cover:
Lawyer/legal fees
Building report
Registered valuation (if required)
Moving costs
Insurance
Can I get a mortgage if I’m self-employed?
Yes — but you’ll generally need to show at least 2 years of financials (or 1 year in some cases). Lenders will look closely at your income stability and business performance.
My credit report isn’t the best can I still obtain finance?
Yes, In many cases, depending on the timeframe, amount of the default and circumstances, we can work with non-bank lenders to try find an appropriate solution.
Get started with trusted financial guidance today.
If you’re ready for practical advice, calming support, and financial choices explained in simple terms, let’s connect. With McMasters Financial, you’ll have someone in your corner, wherever you are across New Zealand.
