Understanding Borrowing Capacity

May 17, 2019 1:24:53 PM

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.


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

What to do if your house isn’t selling

May 14, 2019 9:01:00 AM

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?


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Topics: Selling, Properties for sale, nz mortgage, for sale, NZ Mortgage Adviser, Home Loan Advice, Mortgage Advice

Buying a home with a small deposit

May 10, 2019 9:50:00 AM

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.


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Topics: LMI, nz mortgage, NZ Mortgage Adviser, Low Deposit, Home Loan Advice, Low Doc Home Loan, Mortgage Advice

A Practical Guide to Borrowing

May 10, 2019 8:54:37 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.


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

5 First home buyer mistakes to avoid

Apr 16, 2019 9:57:49 AM

When buying your first home, it’s easy to get swept up in a whirlwind of excitement and make mistakes that could end up costing you later on. Even if you’ve done your research and have a good understanding of the property market, there’s a lot to take in and to think about. Here are 5 first home buyer mistakes to avoid.


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Topics: nz mortgage, First Home Buyer, NZ Mortgage Adviser, Home Loan Advice, Mortgage Advice, First time homeowner

3 Simple steps to paying off your mortgage faster

Apr 15, 2019 11:12:11 AM

For many young people, owning a home can seem like an unattainable goal. Paying off the mortgage and getting debt-free, even more impossible. But being mortgage-free needn’t be an impossible dream: If you’re serious about shaving off thousands of dollars of interest from your mortgage and paying your mortgage off faster, start with these 3 simple steps.


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Topics: nz mortgage, NZ Mortgage Adviser, Home Loan Advice, Debt-free, Mortgage-free, Mortgage Advice

Mortgage Rates Continue to Drop

Apr 15, 2019 10:55:21 AM

The heated mortgage battle amongst home loan providers could get even more interesting, as economists now believe the Official Cash Rate could be cut as soon as May or August 2019, and interest rates could start to fall in August this year. This follows comments made by the Reserve Bank of New Zealand at the end of March 2019. A home loan review could help you decide whether refinancing is the right option for you.


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Topics: Interest Rates, nz mortgage, NZ Mortgage Adviser, Home Loan Advice, Mortgage Terms, Mortgage Advice, First time homeowner

There’s never been a better time to buy

Dec 17, 2018 2:31:41 PM

If you’ve been waiting to buy your dream home or invest in a rental property, this could be the push you need. House price growth in New Zealand has largely peaked, the ban on foreign buyers is likely to dampen demand, and an interest rate hike appears unlikely, at least in the foreseeable future. Property experts agree: now’s a good time to buy.


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Topics: Buying, Kiwisaver, nz mortgage, HomeStart Grant, First time homeowner

Protecting your home with Mortgage Insurance

Jul 17, 2018 10:00:00 AM

Have you ever considered what would happen if you were unable to work? How long could you continue to pay your mortgage for before your savings run out? Mortgage and Income Protection Insurance could be the solution you need. It’s an insurance designed to meet your mortgage repayments when you can’t. Read on to find out more.


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Topics: Mortgages, Home Loan, Mortgage, nz mortgage, NZ Mortgage Adviser, Home Loan Protection Plan

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