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Cheapest mortgage rates

We now have the cheapest mortgage rates...ever! If you're asking yourself, "is now a good time to buy" as far as interest rates go, we've got the cheapest mortgage rates we've ever had.  Let's put it in perspective and compare dollars for dollars on what a mortgage interest could have cost you at 6.00% and what it would cost you today at 2.95% which should help you get an idea what a mortgage repayment will cost. Mortgage 1 If you had a mortgage of $500,000 over 30 years at 6.00% your fortnightly repayment would be $1383 and you would [...]

2020-11-15T22:25:33+13:0017/05/2020|Categories: Blog, Home Loans|Tags: , , , |

Buy your own home

Could you buy your own home? More recent news on property prices getting higher and higher while homeownership is at its' lowest levels for 60 years and it's getting harder to buy your own home.  So what does this mean for you and what could you afford to borrow? So what is happening now? In a recent NZ Herald article, there were comments about what factors are driving prices and what could be done to make more homes more affordable. Currently, investors don't pay capital gains tax, so they continue to finance more homes and will continue to do so, [...]

2020-11-15T23:02:48+13:0020/02/2020|Categories: Blog, Home Loans|

How to use KiwiSaver to buy your first home

If you want to know how you can use KiwiSaver to buy your first home read on and find out what you need and how buying your first home using KiwiSaver, you have to be in KiwiSaver for at least three years before you can use KiwiSaver as a deposit or part of a deposit to buy a home. It's important to understand that if you use your KiwiSaver to buy your first home, you may also be able to get a HomeStart grant from the Government through a Welcome Home Loan. You do not have to get a Welcome [...]

2019-06-25T07:00:00+12:0025/06/2019|Categories: Blog, Home Loans|Tags: , |

Find a Mortgage Broker

If you want to find a mortgage broker when you're looking for a home loan, then here are some tips to choosing a broker, especially if you do not have an existing working relationship with a mortgage broker already. 1. Establish Trust Firstly, you need to find a mortgage broker you can trust. If you don't already use a broker, ask around, ask people you know who have used a broker before, and get a recommendation. Getting a recommendation from someone you know is one of the best "trust" measurement tools you can use, after all, you wouldn't recommend anyone [...]

2019-01-21T15:28:03+13:0021/01/2019|Categories: Blog, Home Loans|Tags: , , |

Best bank mortgage

Who has the best bank mortgage? Who has the best bank mortgage is an important question when you are looking to buy a home or refinance a current home, but it may not be a bank at all, but rather a Non-Bank lender who are who are not banks, more defined, not a registered trading bank. The leading trading banks have the majority of mortgage lending in New Zealand, and also they give us a sense of security when it comes to lending.  We can walk into their offices, talk face to face with staff, see their fleet vehicles driving around [...]

Best mortgage repayment insurance

BEST MORTGAGE REPAYMENT INSURANCE The best mortgage repayment insurance depends on what your needs are. Mortgage repayment insurance is one of the more popular insurance products purchased (aside from home, contents and car insurance) because it provides security in meeting your mortgage repayments in the event of sickness or accident. There are three sources of mortgage repayment insurance. You can buy it over the counter from a bank, sometimes directly with an insurer or use an adviser who usually can provide more than one option. HOW DO BENEFITS VARY? The difference between mortgage repayment insurance products can differ substantially, but [...]

2018-04-22T23:41:45+12:0022/04/2018|Categories: Blog, Home Loans, Mortgage Finance, Mortgage Repayment|Tags: |

Sweetening the home loan deal

Banks have been throwing everything they can to keep lending and it has been harder for them in recent times with the changed and property lending restrictions. SWEETENING THE HOME LOAN DEAL If you have been a buyer in the property market over recent years, you may have been offered some additional incentive that we (or your mortgage broker) would have talked to you about when your home loan was approved. The bank would offer some form of enticement to accept the loan offer from them, even as far as to offer cash towards legal costs or other costs.  It’s [...]

2017-03-11T11:08:09+13:0011/03/2017|Categories: Home Loans, Mortgage Finance|Tags: , , |

Will our lowest home loan rates continue?

  Will our lowest home loan rates continue? In my opinion, yes, but for how long is the million dollar question. Right now, we have the lowest home loan rates for decades and there are no signs of home loan rates rising in the next 6 months, possibly even 12 months.  If you are one to watch mortgage rates and what they are going to do over the next few years then here are some resources to help you keep an eye on mortgage rates, and maybe you can come up with your own answer on will our lowers home loan [...]

Lowest mortgage rates

  We have seen the lowest mortgage rates for decades, and I do not recall the Official Cash Rate ever being this low.  They will most likely reduce again in the next 90 days but this is not guaranteed, but you can read more about further cuts here. So how can you take advantage of the lowest mortgage rates in years? Here are my top 3 tips which will help you position yourself to take advantage of these and to improve your long terms financial position. If your bank has reduced your payment to reflect a lower interest rate, then [...]

How do I qualify for a mortgage?

  To get a mortgage from a bank or lender requires you to get a number of things right.  Here are the key criteria banks look at when assessing your eligibility for a mortgage.  We call it the 3 C's which are Character, Capacity and Collateral. Preparing to get a mortgage If you are paying rent, and have been paying your rent on time with no problems, and have a good repayment history with your landlord, this does not mean the bank will lend you money.  Although this will help persuade the bank to lend to you, it does not [...]

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