If you’re an owner-occupier looking to invest in property, you may be able to leverage your existing home to buy an investment property without dipping into your savings. Using the equity in your home is a smart way to build your property portfolio without feeling the pinch. Here’s what you need to know about using the equity in your home to buy an investment property.
Topics: nz mortgage, Investing in Property, NZ Mortgage Adviser, Home Loan Advice, Investment Finance, Investment Tips, Mortgage Advice, Property and Investments
Stricter lending conditions across New Zealand and Australia have led to a rise in the number of borrowers turning to second tier lenders for finance. Second tier lenders – or non-bank lenders - while tightly regulated, are privately owned and often have more flexibility in the rates and fees they can offer. As a borrower who doesn’t quite meet bank lending criteria, a second tier or non-bank lender may be the answer.
Topics: Lenders, nz mortgage, non-bank lender, lending options, NZ Mortgage Adviser, Home Loan Advice, Mortgage Advice
Whether you’re a first home buyer or a seasoned investor, making a bad decision on your mortgage could end up costing you in both time and money. When it comes to a mortgage, what you don’t know CAN in fact hurt you! Knowing what pitfalls to avoid will help you make better decisions. Here are 5 mortgage mistakes to avoid.
Topics: nz mortgage, First Home Buyer, lending options, NZ Mortgage Adviser, Home Loan Advice, Mortgage Advice
No doubt about it: buying your first home is exciting. But it can also be incredibly stressful, which is why it’s so important to prepare yourself for the journey ahead, by doing your homework and getting advice from the right people. So that you understand all you need to know about buying your first home, we’re sharing our first home buyer tips.
Topics: First Home, nz mortgage, First Home Buyer, lending options, NZ Mortgage Adviser, Home Loan Advice, Mortgage Advice
Following the Reserve Bank’s decision to lower the official cash rate to 1.5 per cent early last month, banks have been quick to follow with lower mortgage rates, representing not only an opportunity for new buyers to enter the market, but also a chance for existing home owners to pay off their mortgage much faster. If you haven’t reviewed your mortgage recently, you could be missing out.
Topics: nz mortgage, lending options, NZ Mortgage Adviser, Home Loan Advice, Mortgage Advice, mortgage review
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.
Topics: Interest Rates, Lenders, nz mortgage, NZ Mortgage Adviser, Home Loan Advice, Mortgage Advice, Borrowing Advice, Borrowing Capacity, OCR
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.
Topics: Lenders, nz mortgage, NZ Mortgage Adviser, Home Loan Advice, Mortgage Advice, Borrowing Advice, Borrowing Capacity
Recent data from REINZ shows a nationwide drop in house sales with all indications pointing to a buyer’s market. As the number of property listings at the end of March 2019 was up 14 per cent year on year in Auckland and down just 3 per cent year on year for the rest of NZ, the drop in house sales is not due to less houses coming onto the market. So, what do you do if your house isn’t selling?
Topics: Selling, Properties for sale, nz mortgage, for sale, NZ Mortgage Adviser, Home Loan Advice, Mortgage Advice
If you’re struggling to save a deposit to buy a property, you may be wondering what your options are. Should you keep saving and potentially miss out on a bargain or optimal buying conditions in the market, or do you push ahead and apply for a mortgage with a small deposit? While it’s not easy securing a mortgage with a small deposit, it is certainly possible. Here are three ways to do this.
Topics: LMI, nz mortgage, NZ Mortgage Adviser, Low Deposit, Home Loan Advice, Low Doc Home Loan, Mortgage Advice
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.
Topics: Lenders, nz mortgage, First Home Buyer, NZ Mortgage Adviser, Home Loan Advice, Mortgage Advice, First time homeowner, Home Loan Application, Borrowing Advice
