It is our belief that
committed customer service
is the key to our success.
It is our belief that committed customer service is the key to our success
At Elite Mortgage Limited (EML) we have set the highest of professional standards in order to maximize our client’s confidence. We are here to advise and assist our clients in achieving their goals. EML is a member of the Professional Advisers Association (PAA) and Kepa Group. We have the commitment and knowledge to ensure we stay ahead of new trends and the changing market.
Combining extensive industry knowledge and many years of experience, our company understands the industries complexities. We specialize in residential, commercial, investment and construction loans, as well as property development, corporate finance and much more…
EML offers a wide range of insurance products which we will tailor to your specific needs. We understand the intricacies of insurance and are dedicated to assisting our clients choose the best products for their current situation. This includes the very best cover for your business; contract works, public liability, as well as domestic cover such as; house & contents, motor and personal risks.
We are committed to our clients – the key to our success.
Be prepared for the unexpected
Turn risk into reward
Anytime, anywhere, anyone might suffer a crisis of some kind each year and the reality is that most aren’t prepared to handle the situation, whether it’s a relatively small incident or a major event. At EML, our priority is to ensure the safety of you and someone you love, and even the continuity of your business. We work with you, we are here to make sure to provide practical and cost effective solutions that safeguard what’s most important to you.
Quency Wong – Managing Director
Quency is the founder of Elite Mortgage Limited. Quency established the company in March 2002 and has over 15 years of experience in mortgage finance and the insurance industry. With this background, Quency is capable of handling any financial or insurance matters that you may require. Her specialties are residential, commercial, property development and corporate finance, plus various types of personal and corporate insurance.
Should you refinance your existing mortgage?
In order to make sure that you walk away satisfied with your mortgage you must do a little soul searching and arm yourself with as much information as possible. The first thing to do when choosing a mortgage is to consider your current financial situation and determine how your finances might change in the future. You should also estimate how long you plan on staying in your home and decide if you are comfortable with mortgage payments that fluctuate with the market.
Next, determine how much you can borrow by consulting a Mortgage Broker. Find out exactly how much of a deposit you will be able to make. By making as large a deposit as possible on your home purchase you reduce the cost of your mortgage and the amount of interest you will pay over the desired payment period. If you are putting down less than 20% of the cost of your home then you might have to pay mortgage insurance.
Mortgage Calculator
If you are going to buy your first home, you need a mortgage and there are mortgages tailored to suit every budget, personality and lifestyle. EML will assist you to structure your mortgage available to you and to provide a great way to save on interest.
You are about to buy a property and sell your existing one, you need to know how much you can afford and what is the repayment if you take up a bigger loan amount. EML will advise you on the repayment amount and structure your loan to make it work on your budget. We can help you to get your pre-approval before you start and look for your new home.
EML will assist you with the process or renegotiate your existing mortgage in order to get you a better offer, rate or adjust the loan amount to your needs. We strongly recommend that our clients do a review of their mortgage on a regular basis, so as to minimise interest, shorten the loan term or maximise their investment opportunity.
Bad credit mortgages are not offered by some lending institutions because of their higher risk. We specialise in this area and can assist you if you have a bad credit history.
If you’re not a permanent resident of New Zealand and you want to buy property, we can assist you to arrange finance of up to 80% from the banks. EML also provide a range of insurance services and other correspondence service.
Either you would like to build your own home or are building only as an investment, we can advise you on a detailed mortgage plan to fit your needs.
If you are self-employed and cannot provide sufficient income evidence, we can assist you in providing financial statements. Most main stream banks on the market can lend up to 80% towards your property or lend up to 60% if you have been self-employed for 2 years or more and you only want to declare your current annual income.
With the worldwide financial crisis, most of the lenders will go for a maximum 80% of either purchase price or value of the property. We are here to help you get higher than 80%, if you are working on a full time basis with income evidence.
A commercial mortgage is similar to a regular residential loan except that the loan is applied to a purchase of commercial property. It is normally defined as any retail shops, offices, commercial buildings, factory plant and/or warehouse, etc. The commercial loan can go up to a maximum of 65% borrowing plus the GST component. EML will analyst your investment for you.
“Should you refinance
your existing mortgage?”.
A few questions we answer pretty regularly. If you can’t find the answer you’re looking for, contact us.
- Mortgage expert can save you money
- Brokers are paid by lenders, not by you
- Brokers can be more flexible than banks
It never hurts to shop around and your broker can do all the work for you
- Two Forms of identities (e.g Passport, driver licence, bank card, birth certificate and citizenship certificate)
- Income Evidence (e.g Payslips, employment contract , tax return and financial statements, tenancy agreement, rental appraisal, evidence of dividend or interest, allowance and benefit or evidence of payment direct credit into bank account in a regular basis)
- Deposit Evidence (e.g Term deposit certificate, bank statements or shares/bond paper
- 3 – 6 months transaction bank account statements
- Sale & purchase agreement
The criteria differs from bank to bank and it also depends on the loan ratio, the purpose and the type of loan. EML will assist you through the application process.