OCR at an all-time low

May 17, 2019 11:33:47 AM

The Reserve Bank has cut the Official Cash Rate (OCR) for the first time in two years; down 25 basis points to 1.5 per cent, the lowest it’s ever been. Retail banks have been quick to pass on the rate cut: Good news for home owners and first home buyers.


Read more

Topics: Interest Rates, Lenders, nz mortgage, NZ Mortgage Adviser, Home Loan Advice, Mortgage Advice, Borrowing Advice, Borrowing Capacity

Understanding Borrowing Capacity

May 17, 2019 11:24:53 AM

Before going house hunting, it makes good sense to know how much you can actually borrow from your lender. Your borrowing capacity is the amount that a lender will lend you to buy a property. Sounds simple but it’s not: there are all kinds of factors involved that determine the amount a lender comes up with, and your loan amount can vary from lender to lender. Read on to find out more about borrowing capacity.


Read more

Topics: Lenders, nz mortgage, NZ Mortgage Adviser, Home Loan Advice, Mortgage Advice, Borrowing Advice, Borrowing Capacity

A Practical Guide to Borrowing

May 10, 2019 6:54:37 AM

When it comes to buying property, money is the number one thing on most people’s minds! And understandably so, as it’s likely the biggest purchase you’ll ever make. While a lot of the information you can find online is about preparing a mortgage application, it’s just as important you feel confident about what you’re signing up for once your mortgage is approved. Here are some of the practical things to think about.


Read more

Topics: Lenders, nz mortgage, first home buyer, NZ Mortgage Adviser, Home Loan Advice, Mortgage Advice, First time homeowner, Home Loan Application, Borrowing Advice