See our latest insights, opinions and new on the New Zealand Mortgage Market for – First Home Buyers, Refinances & Mortgages of all types.
Save more for your deposit ... yes, that is what you may have been told. But as we know saving a deposit for your first home is not easy, and in the cities where houses are more expensive you will need a bigger deposit which makes things even more difficult. As...
Everyone wants a fast home loan pre approval, but that doesn't mean that you are getting the best home loan,and often it can mean the opposite! Often people think that all home loan are the same ... but are they? Simple answer is NO they are not all the same and a...
First home buyers have struggled for years to get onto the property ladder, but now with co-ownership there is another way. Over the years in New Zealand parents have helped their children to buy their first homes, but there are many people that want to buy their...
Today we arranged to refix a home loan and managed to also show Stephanie how she could save $50,000 How Simple Is This... Stephanie had a home loan of about $360,000 and was paying $1,975 monthly. The loan was at an interest rate of 4.55% which included a low equity...
Many people have already started to ask what it means to have the LVR restrictions removed... and given the current economic environment it's a very good question. So what does it really mean? Let's firstly cover off what the LVR restrictions were and why they were...
Today it has been reported that the Reserve Bank is proposing the removal of mortgage loan-to-value ratio or LVR restrictions. The proposal is in response to the economic downturn caused by the COVID-19 pandemic. The announcement states: "If the decision is made to...
The banks and lenders are concerned about stability or employment and income with impacts from COVID-19 and now lenders main focus is income and stability of that income. The lenders servicing tests have become even tougher during the Covid-19 crisis, with banks and...
We know that some people will be planning to sell a property soon, and unfortunately some people may be forced to sell. The problem with the market is that during the COVID-19 lock-down it is very difficult to list or sell your property. While we can do a lot of...
It's great that the banks are offering some options to people with mortgages, but some of the important detail within the COVID-19 financial support packages has not yet been made available. As mortgage advisers that makes it very difficult to offer advice, and as a...