Non-bank lending options

Feb 14, 2018 8:00:00 AM

Choosing a mortgage involves a great deal more than simply approaching your bank for a loan. Shopping around both bank and non-bank lenders is an important part of the process which, regrettably, too many Kiwis neglect to do. It’s true that non-bank lenders haven’t always enjoyed the best reputation, but more and more home buyers are discovering just how effective this type of lending can be, particularly when banks say no.


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Topics: Home Loan, new zealand property, new zealand real estate, nz mortgage, mortgage stress, mortgage adviser, Home loan rates, NZ Property Market, non-bank lender, lending options

4 Common reasons why the bank might say no

Feb 13, 2018 2:35:44 PM

Having your mortgage application declined isn’t necessarily the end of the road when it comes to your home buying journey. There are a few reasons why your lender may turn you down and understanding what these are is the key to your success. Here are 4 of the most common reasons why lenders may decline a mortgage application.


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Topics: Credit Card Debt, Debt, new zealand property, new zealand real estate, mortgage stress, mortgage adviser, Budgeting, 2018 budget, NZ Property Market

2018: A year of change for the NZ property market

Jan 23, 2018 2:44:05 PM

As Auckland’s housing market continues to grow, albeit at a much slower rate, a major bank has forecast a decrease in house prices across New Zealand over the next four years. New Zealand’s labour-led government policies kick in this month, and an easing up of LVR restrictions could be just the boost first home buyers need. Take a look at some of the property market changes you could expect in 2018.


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Topics: Credit Card Debt, Debt Consolidation, Debt, new zealand property, new zealand real estate, mortgage stress, mortgage adviser, Budgeting, 2018 budget, NZ Property Market

Coping with a Christmas debt hangover!

Jan 23, 2018 2:38:25 PM

There’s no doubt that Christmas can be an expensive time. Family holidays, costly Christmas gifts, and maybe even a little something for yourself. Unfortunately, in January when the credit card bills start rolling in, reality hits many people. To help you overcome a Christmas debt hangover, we’re sharing our new year budgeting tips.


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Topics: Credit Card Debt, Debt Consolidation, Debt, new zealand property, new zealand real estate, mortgage stress, mortgage adviser, Budgeting, 2018 budget

Making your home loan work for you

Oct 13, 2017 10:23:08 AM

When it comes to choosing a home loan, interest rate is not the only thing to consider. Loan features – like the ability to make extra repayments, a line of credit, an off-set account, or repayment holidays – are just as important. To help you understand what features you could be offered by your lender, we’ve outlined some of the more popular options.


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Topics: LVR, Mortgage, new zealand property, new zealand real estate, first home buyer, buying property, Second Home, house sales, mortgage ready, property sales, mortgage stress, low equity margin, LEM, loan to value ratio

NZ Property Market, post-election

Oct 12, 2017 11:36:00 AM

The 2017 New Zealand election may be out of the way but its impact is still being felt in the NZ property market. Uncertainty continues to weigh in with spring sales noticeably lower than previous years. Nationwide residential property values rose for September, although a much smaller increase was recorded in the Auckland region. Read on to find out how New Zealand’s property market is expected to perform, post-election.


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Topics: LVR, Mortgage, new zealand property, new zealand real estate, first home buyer, buying property, Second Home, house sales, mortgage ready, property sales, mortgage stress, low equity margin, LEM, loan to value ratio

Low Equity Margin

Oct 9, 2017 11:36:00 AM

Changes to the Loan to Value Ratio (LVR) and an overall tightening up on low deposit lending has seen banks and lenders charge a number of additional fees to borrowers with less than a 20% deposit. One of these fees is a Low Equity Margin (LEM); a percentage added to your interest rate that remains there until your loan reduces to the 80% threshold. As a borrower, it’s important you’re clear on exactly how this fee is charged.


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Topics: LVR, Mortgage, new zealand property, new zealand real estate, first home buyer, buying property, Second Home, house sales, mortgage ready, property sales, mortgage stress, low equity margin, LEM, loan to value ratio

Managing Mortgage Stress

Oct 6, 2017 11:28:10 AM

Despite record low interest rates, more and more homeowners are struggling to meet their home loan repayments and are experiencing “mortgage stress”. Even the slightest increase in interest rates could leave these homeowners vulnerable and unable to repay their mortgage. Let’s take a look at what “mortgage stress” is and how you as a homeowner can deal with it.


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Topics: Mortgage, new zealand property, new zealand real estate, first home buyer, buying property, Second Home, house sales, mortgage ready, property sales, mortgage stress