Mortgage Broker Tauranga, Te Puke and Otumoetai
Who am I and what do I do?
I am a mortgage broker based in Tauranga with a business background and experience in Personal and Business Banking.
Although I am based in Tauranga and look after clients in the Bay of Plenty I also have clients elsewhere in New Zealand. My passion is assisting people anywhere with finance, especially first home buyers – knowing I have helped you into your first home is a great feeling.
My qualifications include:-
- Bachelor of Business Studies (majoring in Finance)
- Graduate Diploma in Business (endorsed in Personal Financial Planning)
As a Registered Financial Advisor my role is to find the right finance for you, be it for your first home, building, property investment, refinance, renovations etc. I am available any time to meet you. Please email/text/call me to arrange a time to meet/chat.
No question too small – my clients’ love that I am available for all those little questions some clients don’t like to ask. I am happy to spend time going through the ‘small stuff’ and am contactable about any financial matters. Nothing gives me a better feeling than assisting clients to obtain what could be your biggest financial commitment, knowing I have done a great job and made it easier for you. I am available following your settlement and I don’t forget about you once I have found you finance. Remember I can also negotiate on your behalf to fix your loans at an appropriate stage.
Generally the Banks/financiers cover my commission income. If there is to be a cost to you this will be disclosed up front.
Click on ‘Book a free appointment’ below and I will contact you to arrange a time to meet or talk over the phone.
Deryn Coldstream was recommended by good friends of ours and was described as a ‘very helpful and friendly’ mortgage broker. We couldn't agree more! Being first home buyers we were nervous and overwhelmed by it all, but Deryn was there every step of the way, day or night. She went out of her way to make sure we understood everything and we both found her very communicative and hardworking. The process of securing a mortgage and moving into our own home was fun and exciting rather than scary, so much so that (with Deryn’s quick thinking) we were able to move into our new home one month after first seeing it! We found her extremely easy to talk to and she accommodated us throughout the whole process around our busy schedules. We have no hesitation recommending her skills as a mortgage broker and will feel safe in knowing we can always call and ask if we have any questions in the future. Thank you Deryn for your patience and your smile! We couldn’t have done this without you. Jennifer Emmerson and Sam Brewer Nov 2013
Finance (Tauranga or New Zealand wide)
I have access to finance from a wide panel of major banks and secure lenders. Having owned numerous properties I truly understand home finance in a real estate context. Getting your home finance sorted out early can ensure you are in the best position to negotiate for your home on your own terms. And while the home loan application process can seem daunting, my role is to take this ‘pain’ away from you – one application is all it takes for any number of lenders.
Currently most banks will require a minimum deposit of up to 20 per cent of the value of the property you are purchasing, before they will approve you for a home loan. This is part of the latest RBNZ requirements, however I may still be able to find you finance at a higher value. Depending on the lender and your individual situation, you may be able to fund your deposit from a range of sources, including genuine savings, monetary gifts, inheritances and first home owner incentives. Most lenders will require at least a portion of your deposit to come from genuine savings.
If you don’t have the deposit required, you may be able to make use of family equity, by way of a limited guarantor loan. The most common form of family equity is where a family member offers their existing property as security for a portion of the home loan, generally around 20 per cent. I can explain this to you in greater detail when we meet.
Talk to me as I may be able to offer you options that you may have not thought of.
First Home Buyers (Tauranga or NZ wide)
Buying your first home is an exciting experience, but there is a lot to think about. I make the home loan application process as smooth and easy as possible, so you can concentrate on finding the right home. As part of my service, I will help you to understand the types of home loans available to you and will assist you in choosing the right one for your situation. You may have the opportunity to utilise your KiwiSaver funds and access the First Home Buyers Subsidy. I can talk you through and guide you in this area.
Home Loan Pre-approval
Home loan pre-approval is a great way to ensure you know how much you can afford to pay for a property before you even start looking. A written pre-approval can also give you an advantage when negotiating on a property with a vendor, as opposed to someone who has no pre-approval or finance in place. Home loan pre-approval is generally valid from 2 to 6 months, and you may still need a satisfactory valuation on the property you intend to purchase before your pre-approval can progress to a full loan approval.
Property Investment Loans (Tauranga or NZ wide)
Property investment can be a smart wealth creation strategy, if you get it right. And that doesn’t just mean finding the right property – you need the right investment finance as well. Your investment loan package should be tailored to your investment strategy and goals. I will work closely with your financial planner and accountant to make that happen. Whether you are an experienced property investor with a big portfolio, or just starting out with your first property, I can help you get the right investment loan for your circumstances.
Refinancing your mortgage is something that takes careful consideration. The most important thing to look at is if refinancing will place you in a better position than you would be if you stuck with your current loan. I can go through the sums with you to show you the costs involved in changing home loans, as well as your projected costs over a set timeframe for both your current and proposed home loans. And if you decide that refinancing is the right move for you, I will help you complete all the necessary paperwork to make the change.
We used Deryn when negotiating our mortgage and refinancing. She is extremely patient, and found us an amazing rate. We highly recommend her service, and will definitely use her again. Nikki & Kristian Hansen Aug 2013
Debt Consolidation (Tauranga or NZ wide)
Debt consolidation can be a handy solution when you are struggling with repayments on several debts, such as your home loan, credit cards and personal loans. Debt consolidation works by combining all those debts into your home loan, which is generally the debt with the lowest interest rate. Because the interest rate is lower, and the loan term is usually longer, your monthly repayments will drop, giving you a bit of breathing space.
Business and Commercial Loans
With my background in Business Banking I can assist you in finding the finance for a new business, expansion, cash flow or even premises. Good business finance is invaluable when purchasing and growing your business. Business and commercial loan options vary depending on whether you are a start-up or existing business. Whether you are buying commercial property, undertaking property development, expanding your business or need some cash-flow funding, assistance from an finance broker will be invaluable.
Low Doc Loans for Self-Employed Borrowers in Tauranga
Many self-employed borrowers need a loan that isn’t quite standard, mostly because they don’t have the full financial history required to get a regular loan. Low documentation, or low doc loans fulfil the needs of many self-employed borrowers. You’ll still need some financial history and paperwork – often about 12 months Bank statements and an Business that has been active for at least 6-12 months. Ask me more about this financing opportunity.
Upgraders / New Property Buyers – Bridging Loans
Financing the move from one property to another can be quite stressful, especially if you are yet to sell your home – a bridging loan can help free up the funds that are tied up in your current property to purchase the next one. With a bridging loan, your lender will use both your current and new property as security and lend you enough to buy your new home.
While you are waiting for the sale and purchase process to be completed on both your current and new property, you make interest only repayments on the loan, or maybe even no repayments at all (referred to as capitalising the interest). Once you have sold your old home, the proceeds go towards paying off your bridging loan. The amount left over (known as the end debt) is then transferred to a standard home loan, becoming the home loan on your new property.
- Broker region: Bay Of Plenty
- Suburbs: Tauranga, Te Puke and Otumoetai
- Deryn Coldstream provides mortgage broking services in suburbs including but not limited to: Matua, Bethlehem, Bellevue, Brookfield, Judea, Mount Maunganui, Papamoa, Maketu, Welcome Bay, Greerton