Can Afterpay Affect my Mortgage Application?

Feb 18, 2020 7:20:32 PM

New financial technology has taken the retail world by storm. Systems that allow you to pay off your purchase by staggered repayments over a number of weeks with no interest charged, are being offered in most online stores and in-store too. But could these “lay-by” services be doing more damage than good? Can Afterpay and the likes actually affect a mortgage application?

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Topics: Credit Card Debt, Debt Consolidation, Household Debt, Financial Health, Bad credit

5 Tips for a Home Loan Application With Credit Issues

Mar 20, 2019 12:29:06 PM

If a bad credit rating is making it hard for you to get a home loan, it doesn’t mean you need to shelve your home ownership dreams. Credit history can be affected by several factors including missing payments and late payments. Take a look at these five tips to help you get on top of the credit issues that could be impacting your home loan application.

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Topics: Credit Check, credit score, Bad Credit Home LOan, Bad credit, NZ Mortgage Adviser, Home Loan Advice, Low Doc Home Loan

Improve your chances of a low deposit home loan

Jun 12, 2018 5:29:10 PM

Earlier this year (2018), the Reserve Bank of New Zealand increased the cap from 10 to 15 per cent for banks’ lending to home buyers with a deposit of less than 20 per cent. How has this change impacted first home buyers? And what should you be doing to improve your chances of a low deposit home loan? Read on to find out.

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Topics: Mortgages, Home Loan, Bad credit, NZ Mortgage Adviser, Low Deposit