How we are paid.
Most of the time, our services are completely free. Thats because instead of being paid by you, we receive revenue from our product suppliers like banks and insurers.
We feel it's important you understand how we are paid, after all we ask the exact questions to you when applying for a home loan.
Circumstances where fees may be charged
Commercial Property Purchase
Speciality Residential Home Loan purchase - Either the result of credit impairment like defaults or the loan is complex by nature. We will inform of you when this is the case.
Fees for lending examples outlined below are charged at 1% of the loan amount.
Mortgage Revenue EasyStreet Mortgages receives when we arrange a mortgage on behalf of a lender.
Our fees are received as a percentage of the loan amount either paid initially when loan starts or in some cases also as a trail or ongoing payment to help service and update the loan over time. These are listed below:
ANZ 0.85% Upfront
BNZ 0.65% Upfront 0.15% Trail
ASB 0.85% Upfront
Co-Operative Bank 0.7% Upfront
SBS 0.8% Upfront
Liberty Financial 0.85% Upfront 0.15% Trail
Avanti 0.85% Upfront
Resimac 0.6% Upfront 0.15% Trail
Insurance Revenue EasyStreet Mortgages receives when we arrange an insurance policy on behalf of an insurer.
Our fees are received as a percentage of the annual premium paid initially when loan starts as well as a trail or ongoing payment to help service and update the policy over time. These are listed below:
Asteron Life - 150% Upfront, 20% Ongoing Renewal
AIA / Sovereign
OnePath - 150% Upfront, 20% Ongoing Renewal
Fee revenue EasyStreet Mortgage is paid to service KiwiSaver funds. This is paid as a percentage of the total funds under management and is changed to the client as part of their management fee.
Booster KiwiSaver Scheme - 0.5% FUM