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