What do you want from a finance blog?
We’re guessing that you want good information about all things finance related.
That’s what we have been told, and therefore we do our best to provide updates on a wide range of topics. We help a lot of first home buyers and have New Zealand’s most popular Facebook Group dedicated to them. We also deal a lot with new build finance and non-bank finance as well as the major banks.
We also like to add some stories too as these often help explain how our mortgage advisers can help.
Are The LVR Restrictions About To Be Removed?
Today it has been reported that the Reserve Bank is proposing the removal of mortgage loan-to-value ratio or LVR restrictions. The proposal is in response to the economic downturn caused by the COVID-19 pandemic. The announcement…
Lenders Main Focus Now Is Your Income
The banks and lenders are concerned about stability or employment and income with impacts from COVID-19 and now lenders main focus is income and stability of that income. The lenders servicing tests have become even tougher…
Are You Planning To Sell A Property Soon?
We know that some people will be planning to sell a property soon, and unfortunately some people may be forced to sell. The problem with the market is that during the COVID-19 lock-down it is very…
Mortgage Holidays: Questions You NEED To Ask Your Bank
It’s great that the banks are offering some options to people with mortgages, but some of the important detail within the COVID-19 financial support packages has not yet been made available. As mortgage advisers that makes…
Three Good Alternatives To Taking A Mortgage Holiday
For most people there are good alternatives to taking a mortgage holiday. A mortgage holiday eases the immediate financial burden of having a mortgage … that’s it. It is not a “gift” from the Government or…
Updates On Mortgage Holidays
We have created this post to provide you the latest information and updates on mortgage holidays announced by the Government. They have said “the package will include a six month principal and interest payment holiday for…
Understanding How Mortgage Holidays Work
In times of crisis a mortgage holiday seems like a great idea. The Government have announced that the banks will be offering a 6-month mortgage holiday to home owners to help them survive financially through the…
Managing Your Home Loan Through COVID-19 Lock-Down
With COVID-19 we are living in times that are nothing like “normal” and we are all having to adapt. One of the largest concerns for many families is the financial impact of not being able to…
ANZ Now Allow Low Equity Premiums To Be Added To Loans
While most banks apply a low equity margin to home loans where the deposits are less than 20%, ANZ has charged low equity premiums which are a one-off fee rather than an ongoing margin added to…
Auckland Mortgage Broker Suggests Ten Tips For First Home Buyers
Stuart Wills, Auckland Mortgage Broker My name is Stuart Wills and as an Auckland mortgage broker I’ve seen first hand how difficult it is for first home buyers to get onto the…
Learn The Mortgage Trick To Paying Off Your Home Loan
Over the years as a mortgage adviser I’ve seen advertisements and articles about “the mortgage trick” … that there is some magical trick or secret that the banks are hiding from you. But as you may…
Should Switching Banks Be Your New Years Resolution?
New Years resolutions are meant to make a positive difference to your life so when you consider your finances switching banks may be the best decision that you can make. Switching banks may seem like a…
See How James Is Paying Off His Mortgage Faster
With home loan interest rates at all time low’s there is an opportunity to pay off your mortgage faster and without any pain. This week we worked with James and showed him and his wife how…
Mortgage Experts Discuss Revolving Credit Mortgages
Revolving credit mortgages are flexible loans like an overdraft which is secured over your property. Our mortgage experts discuss how to get the best from a revolving credit mortgage. What Is A Revolving Credit Mortgage? The…
Paying Your Home Loan Off Faster Just Got Easier
It’s great to know that one bank makes paying your home loan off faster an easier option. But is this the bank that you have your home loan with? Do you want to check which bank…
Getting A Home Loan With A 5% Deposit
Let’s look at getting a home loan with 5% deposit. As mortgage brokers we are often asked what deposit is needed for a home loan. The New Zealand banks are restricted by Reserve Bank rules (LVR…
Switch Banks & Pay Your Mortgage Off Faster
Have you heard people telling you this … switch banks and pay your home loan off faster. Do you have to switch banks? How do you pay your home loan off faster? As mortgage advisers we…
Are You Considering Having A Flatmate Or Boarder?
Having a good flatmate or boarder can provide both company and a few extra dollars. Personally when I purchased my first home I had four flatmates just so I could pay the mortgage, but we also…
One Bank Makes It Easy To Pay Your Home Loan Off Quicker
It’s great to know that one bank makes it easy to pay your home loan off quicker. But is this the bank that you have your home loan with? Do you want to check which bank…
Daffodils & Lambs Are The Signs Of A Kiwi Spring
As Kiwis we think of daffodils and lambs as the iconic signs of Spring. But why should we think of these two things as Kiwi icons when neither daffodils or lambs are native to New Zealand….
