Call us: 09 377 4433
In keeping up to date with developments across the finance industry, the Reserve Bank has announced they have decided to remove mortgage loan-to-value ratio (LVR) restrictions for 12 months. The Reserve Bank’s decision was made in line with its financial stability man...
Read more

My Money December Update

December 6, 2019

Reserve Bank orders banks to increase capital by $20 billion

New Zealanders can expect to pay approximately $5 more a fortnight on a $100,000 mortgage as commercial banks are ordered to increase the capital they have in their reserves.That is one of the estimated effects from the Reserve Bank's much-anticipated decision on how much ca...
Read more

Short Case Study

Michael and Sue approached their bank to upgrade their home in a rural area which had a house, flat and small cafe. Both Michael and Sue are self-employed and don’t need income from café to service the loan. Their NZ bank approved the loan and they went unconditional...
Read more

Why Use a Mortgage Adviser?

November 13, 2019
As Mortgage Advisers, we take care of all aspects of the application process and our application form is accepted by all of the lenders. We stay up to date with which bank prefers which type of deal and which type of client – giving every type of deal (no matter how big or...
Read more
Interest Rates  Don't think rates will fall further? they can, and they will. ANZ predicts another 3 rate cuts by May next year.Coolest Rates: 3.54% for 1 year, 3.45% for 2 years, cash backs available for new lending. Short Case Study   Mel...
Read more

Deposit saving ideas

September 26, 2019
First, set a goal and a date. Without a date, you will never get there. Set up a separate bank account for it. Call it ‘House Deposit Savings’ so it removes the temptation to dip into the funds. Ignore the interest rate on the account, as it will be small and will not be...
Read more
The Housing Minister this week announced a number of changes to the Homestart Grant and the Welcome Home Loan to come into effect on the 1st of October. To summarise here are the key points of the Minister's press release: The minimum deposit requirement for the First H...
Read more
Through my long-standing association with Bayleys we are pleased to be in a position to offer a limited number of spaces to this informative event at a pivotal time in NZ’s economy where one of the best known economic voices will share his views. Come along and listen and ...
Read more
Your rent can often be about the same as you would pay in mortgage repayments, so why not own the home! First home buyers account for nearly a quarter of all house sales right now, so its good news out there. But the challenge is finding the deposit. Here are some ways ...
Read more

Recent Case Studies

July 26, 2019
Some interesting recent cases I have dealt withI get all sort of people coming to me, some with very interesting stories. Here are three: Are you thinking you could get better rates? A top client asked his bank to offer him better rates and calculate a break fee. He was...
Read more
Load more
Loading...
l
TAGS
Auckland Home LoansFirst home buyerHome loanHome loan ProcessInsuranceLoan CalculatorMortgage BrokerRent
Full post archive
Load more
Loading...