Home Loan Basics for First Home Buyers

Aug 15, 2022 1:19:55 PM

As first home buyers, it can be difficult to understand the different types of home loans (mortgages) and how they work, never mind deciding which type of home loan is right for you! Some home loans are best for borrowers looking for flexibility, others are more suited to those requiring certainty. In this home loan basics for first home buyers’ guide, we’ll take a look at six types of home loans available in New Zealand, and outline some of the pros and cons of each.

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Topics: Home Loan, First Home Buyer, mortgage adviser

How to Structure Your Mortgage

Aug 15, 2022 1:13:41 PM

Deciding whether to fix, float or use a combination of mortgage strategies is a tough decision to make, especially in a fluctuating interest rate environment. But ultimately, it will depend on your financial situation and where you see interest rates landing over the next few years. While there are some advantages to each of these mortgage strategies, there are disadvantages too. Here are some things to consider when choosing a mortgage strategy that’s right for you.

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Topics: Home Loan, mortgage adviser, Mortgage Advice

3 Questions to ask your mortgage adviser

May 11, 2018 1:28:29 PM

When you’re shopping around for a mortgage, it makes sense to work with someone who understands the industry and market conditions. A mortgage adviser is that person; someone who acts an intermediary between you and the lender working on your behalf. In your search for the right mortgage adviser, we recommend you ask these 3 questions.

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Topics: Mortgages, mortgage adviser, NZ Mortgage Adviser

Home loan pre-approvals: What you need to know

Feb 19, 2018 3:05:25 PM

Having a pre-approval in place before you start house hunting has a number of benefits: As well as showing sellers and agents you’re serious about buying, it helps speed up the process when you find a home you like, which puts you in a far better negotiating position. If you are considering applying for pre-approval, take a look at our tips for a successful pre-approval application.

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Topics: Pre-approvals, Home Loan, Mortgage, new zealand real estate, nz mortgage, mortgage adviser, family home

Divorce or separation and the family home

Feb 19, 2018 11:00:00 AM

The end of a relationship is understandably an emotional and traumatic time, and the process of separating your lives, property and finances can be challenging. As your income and expenses are likely to change at this time, it’s important you understand the impact of these changes on your most important asset: your family home.

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Topics: Home Loan, new zealand real estate, nz mortgage, mortgage adviser, separation, family home, divorce

Non-bank lending options

Feb 14, 2018 11:00:00 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 real estate, nz mortgage, mortgage stress, mortgage adviser, Home Loan Rates, non-bank lender, lending options

4 Common reasons why the bank might say no

Feb 13, 2018 5:35:44 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 real estate, mortgage stress, mortgage adviser, Budgeting, 2018 budget

2018: A year of change for the NZ property market

Jan 23, 2018 5:44:05 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 real estate, mortgage stress, mortgage adviser, Budgeting, 2018 budget

Coping with a Christmas debt hangover!

Jan 23, 2018 5:38:25 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 real estate, mortgage stress, mortgage adviser, Budgeting, 2018 budget

Top tips for your 2018 budget

Jan 23, 2018 12:42:13 PM

If you haven’t already given much thought to budgeting for the year ahead, now’s a good time to start. Having a budget can help you reduce overspending, help you save more, and ensure you avoid situations where unplanned expenses drive you into debt. To help you plan a more financially secure 2018, here are our top budgeting tips.

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Topics: Debt Consolidation, new zealand real estate, mortgage adviser, Budgeting, 2018 budget