What are mortgage top ups?
A mortgage top up can be a very effective way to borrow money for almost any purpose. If you have an ANZ Floating Rate, ANZ Fixed Rate or ANZ Flexible home loan or a combination of these, you can apply for a home loan 'top-up'. The loan can be used for things like:
- renovations
- a new car
- a holiday
- insulating your home.
Topping up your mortgage is usually a cheaper option than other forms of borrowing such as personal loans or credit cards, because you can take advantage of lower home loan interest rates.
A home loan top up can be a separate loan, so it doesn’t have to be the same type of loan as your existing one. The borrowing is secured against your home.
How much can you borrow?
The amount you can borrow with a mortgage top up will depend on a number of things, including the equity you have available in your home and how much income you have available for the regular repayments.
To find out more about home loan top ups and how we can help with your particular situation, contact an ANZ lending specialist on 0800 ANZ HOME (0800 269 4663). Please note that a top up fee may apply.
If you are topping up your home loan for insulation or heating for your home under the Government’s insulation and heating programme, we will waive your top up fee.
More information
For more information or to apply for an ANZ Home Loan:
For the ANZ First Home package, you need an ANZ everyday account with your salary, wages or business income direct credited and an ANZ Serious Saver account. ANZ lending criteria, terms and conditions and fees apply to all loans.
A copy of the Reserve Bank Disclosure Statement published by ANZ Bank New Zealand Limited may be obtained on request from any ANZ branch.
This material is for information purposes only. Its content is intended to be of a general nature, does not take into account your financial situation or goals, and is not a personalised financial adviser service under the Financial Advisers Act 2008. It is recommended you seek advice from a financial adviser which takes into account your individual circumstances before you acquire a financial product. If you wish to consult one of ANZ's financial advisers, please contact us on 0800 269 296.
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