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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: , , , |

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 [...]

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 [...]

Finding the best mortgage rates

  Finding the best mortgage rates available is subjective.  It is like answering "how long is a piece of string".  It all depends on what you want to do and what your goals are.  Here are three core questions you must ask yourself first. 1. How long am I going to keep the home or loan? If you plan to sell your home in the next 12 months (and most likely repay the loan) then I certainly would not be fixing my home loan mortgage rate for more than 12 months.  I would be considering a 6 month fixed rate [...]

Property values in Rotorua

Rotorua Property Values Recently there was an article about Rotorua property values and as a mortgage broker, I could not help but add my two cents worth.  The question I often get asked by clients home a home is "what do you think it's worth"?.  I would love to be able to have a answer for them but my answer is usually "what ever the market is prepared to pay". Of course, when it comes to securing a home loan for them, the bank will always ask what the valuation is and what is the purchase price so the valuation [...]

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