House Prices Drop Across NZ

May 27, 2022 10:34:18 AM

In the first quarter of 2022, house prices across New Zealand experienced the biggest drop in more than a decade. After several years of steep house price rises, this comes as good news for prospective homeowners locked out of the property market. But with rising interest rates, tougher lending conditions, and a higher cost of living continuing to impact housing affordability, even the 10 percent drop predicted by economists is unlikely to have a significant impact on first home buyers.


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Topics: Mortgage Advisers, Refinancing, refixing

Book Your Home Loan Restructure Check-in

May 27, 2022 10:24:57 AM

Most homeowners in New Zealand are justifiably concerned about rising interest rates and home loan affordability. In mid-April 2022, the Reserve Bank of New Zealand raised the Official Cash Rate (OCR) to 1.5 percent, its biggest rate hike in more than 20 years. A further increase at the end of May takes the OCR to 2 percent. At the same time, inflation has risen to a whopping 7 per cent, placing enormous pressure on already overstretched household budgets. Restructuring the mortgage could help reduce the risk of exposure to interest rate movements.


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Topics: Mortgage Advisers, Refinancing, refixing

The Right Time to Refinance or Refix

Apr 26, 2022 11:11:33 AM

Some homeowners don’t give much thought to their mortgage once it’s been approved. Aside from making regular repayments and checking the bank statement every month, they simply adopt a “set and forget” attitude when it comes to their home loan. However, a regular review of the home loan and financial situation could uncover opportunities to pay back the mortgage much sooner. And knowing when to refinance or refix is an important part of that process.


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Topics: Financial Health, Refinancing, refixing, Home Loans

RBNZ LVR restrictions removed

May 6, 2020 11:08:13 AM

Reserve Bank removes LVR restrictions for 12 months

Release date
30 April 2020

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Topics: refixing, Mortgage Advice, mortgage review, Refinance, Financial Hardship, COVID-19, Mortgage Holiday

Experiencing Financial Hardship… What are my options?

Apr 9, 2020 8:52:54 AM

In the current global situation, many people may be struggling to meet their financial obligations and experiencing financial hardship. Most New Zealand banks have a financial hardship policy available to assist customers who may be experiencing some form of financial hardship due to Covid-19.


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Topics: refixing, Mortgage Advice, mortgage review, Refinance, Financial Hardship, COVID-19, Mortgage Holiday