Plaxo Mortgages

Plaxo Mortgages Helping Kiwis with mortgages since 2006 — first homes, investment, construction, commercial & business loans. English, Mandarin & Cantonese speaking advisers.

We find the right solution from NZ's major banks and lenders.

What does principal and interest repayment mean?Most home loan repayments are made up of two parts:⭐Principal — the amou...
31/07/2026

What does principal and interest repayment mean?
Most home loan repayments are made up of two parts:

⭐Principal — the amount you borrowed
⭐Interest — the cost of borrowing that money

Each repayment goes towards both.

Over time, your principal reduces — and as it does, the interest charged gradually decreases too.

By the end of your loan term, you've fully repaid what you borrowed.

A few things worth knowing:
✔ Making extra repayments reduces your principal faster
✔ The earlier you do it, the more interest you save overall
✔ The split between principal and interest shifts over time — even if your repayment amount stays similar.

A Plaxo adviser can walk you through how your repayments are structured and what options you have.

👇

🏡 Buying your first home with a low deposit — is it actually possible?Recently, we worked on a case in Auckland involvin...
30/07/2026

🏡 Buying your first home with a low deposit — is it actually possible?

Recently, we worked on a case in Auckland involving a hardworking couple with a young child, both in stable jobs and ready to take their first step into home ownership.

Their situation was common:
❔ Deposit under 10%, even only 5% sometimes
❔ Existing personal loans and commitments
❔ Unsure whether they would meet the bank’s criteria

With the right structure and a clear application aligned with First Home Loan criteria, they were able to move forward with confidence.

Result:
✔️ $52k lending approved under First Home Loan
✔️ 95% LVR successfully achieved
✔️ Clear and manageable repayments

A big congratulations to our clients on securing their first home sooner than expected. 🏠

If you’re in a similar position and not sure where to start, feel free to reach out.

Call: 022 695 8816
WhatsApp: 022 695 8816
Email: [email protected]

Did you know your KiwiSaver could help you buy your first home?Most people think of KiwiSaver as retirement savings. But...
24/07/2026

Did you know your KiwiSaver could help you buy your first home?

Most people think of KiwiSaver as retirement savings. But for first home buyers, it can also be a meaningful contribution to your deposit.

If you've been a KiwiSaver member for at least 3 years and you're buying your first home to live in, you may be eligible to withdraw most of your balance at settlement — with just $1,000 remaining in your account.

A few things to keep in mind:

— The property must be your first home and you must intend to live in it
— The more you've contributed over the years, the bigger the difference it can make

For some buyers, KiwiSaver is the piece that makes a 20% deposit possible sooner than they expected.

Not sure if your KiwiSaver qualifies or how much you could put towards your deposit? We can help you work through the basics — including timing, eligibility, and how it fits into your overall deposit picture.

👇

Supporting small businesses starts with understanding the people behind them.Our advisers Tim and Toby recently joined a...
23/07/2026

Supporting small businesses starts with understanding the people behind them.

Our advisers Tim and Toby recently joined a local business networking evening, connecting with business owners and professionals from a range of industries. It was a valuable opportunity to exchange ideas, hear about the challenges small businesses are facing, and discuss how the right financial support can help them grow with confidence.

At Plaxo Mortgages, we value these face-to-face conversations. They help us better understand our local business community and provide support that reflects each business owner’s goals.

How much home can your deposit actually buy?Most people know they need a deposit — but not what it actually unlocks.In N...
22/07/2026

How much home can your deposit actually buy?
Most people know they need a deposit — but not what it actually unlocks.

In New Zealand, most lenders work with a 20% deposit as the standard. That means your deposit sets your price range. A $150,000 deposit could support a purchase up to $750,000 — and if KiwiSaver is added on top, that number can shift.

Below 20%, options still exist — some lenders will consider 10%, and eligible buyers may access the First Home Loan scheme with as little as 5%. But a lower deposit usually means fewer lenders, stricter criteria, and a higher interest rate. It's not just about whether you can get approved — it's about what approval actually costs you.

Knowing where you stand is the first step to knowing what's within reach.

A Plaxo adviser can help you work out what your deposit means for your buying position.

👇

🏡 How to Buy a $600K Home with Just $30K Deposit in NZYes, you read that right.As a new migrant, you might think buying ...
13/07/2026

🏡 How to Buy a $600K Home with Just $30K Deposit in NZ

Yes, you read that right.

As a new migrant, you might think buying a home in New Zealand is out of reach. But here's what most people don't know — you may already have the deposit sitting in your KiwiSaver right now.

At our FREE seminar on 1 August, we'll show you exactly how:

✅ How to use your KiwiSaver as your home deposit
✅ How to buy with just 5–10% deposit (as low as $30K on a $600K home)
✅ How to protect yourself legally when signing a contract

This is a free, no-obligation event — just real information to help you make the right decision.

📅 Saturday, 1 August 2026
🕙 10:30am – 12:00pm
📍 Level 1, 638 Great South Road, Ellerslie, Auckland

👉 Register here: https://www.eventbrite.com/e/dreaming-of-owning-your-first-home-in-new-zealand-tickets-1993409784326?aff=oddtdtcreator

Spaces are limited — don't miss out!

Exciting news — we're hosting a FREE seminar for first home buyers!If you're a new migrant and you've been wondering how...
07/07/2026

Exciting news — we're hosting a FREE seminar for first home buyers!

If you're a new migrant and you've been wondering how to get onto the property ladder in New Zealand, this one's for you.

Join us on Saturday, 1 August as our panel of experts walks you through everything you need to know:

✅ How to use your KiwiSaver for a home deposit
✅ Home loans with just 5–10% deposit
✅ How to protect yourself legally when buying property

This event is completely free — but seats are limited.

📅 Saturday, 1 August 2026
🕙 10:30am – 12:00pm
📍 Level 1, 638 Great South Road, Ellerslie, Auckland

Click the link to register and secure your seat 👇
https://www.eventbrite.com/e/dreaming-of-owning-your-first-home-in-new-zealand-tickets-1993409784326?aff=oddtdtcreator

🏡 Fixed rate coming up? Cashback offers are back.Some lenders are currently running cashback promotions of up to 1% for ...
03/07/2026

🏡 Fixed rate coming up? Cashback offers are back.

Some lenders are currently running cashback promotions of up to 1% for eligible home loan clients — including those looking to refinance.

For the right borrower, these offers can be worth exploring — particularly when combined with a competitive interest rate and the right loan structure.

Note: Current offers require documentation to be completed by 31 August 2026. Availability, eligibility, and end dates vary by lender.

A Plaxo adviser can help you compare what's currently available and see whether it makes sense for your situation.

👉 Message us if your fixed rate is coming up for review.

Your deposit might be bigger than you think.Most first home buyers look at their savings account and assume that's their...
02/07/2026

Your deposit might be bigger than you think.

Most first home buyers look at their savings account and assume that's their deposit. But there's often more to work with.
In New Zealand, your deposit can come from a combination of sources — and for many first home buyers, KiwiSaver is one of them.

If you've been a KiwiSaver member for at least 3 years and you're buying your first home to live in, you may be eligible to withdraw most of your balance at settlement. For some buyers, this can add tens of thousands of dollars to their deposit — pushing them into a stronger lending position, or making a purchase possible sooner than they expected.

The difference between a 10% and 20% deposit isn't just a number. It affects which lenders will consider you, what interest rate you'll pay, and how smoothly the approval process goes.

So before you assume you're not ready — it's worth knowing exactly what you're working with.

Next week we'll break down the deposit side in more detail — how much you actually need, and what your options are if you're not quite there yet.
👇

Address

Level One, 638 Great South Road, Greenlane
Auckland
1051

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm

Telephone

+6499160116

Website

Alerts

Be the first to know and let us send you an email when Plaxo Mortgages posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Contact The Business

Send a message to Plaxo Mortgages:

Shortcuts

Featured

Share

Category