First Home Buyers - April 10th How Does the OCR Affect Mortgage Rates? KEY POINTS: The RBNZ's Monetary Policy Committee meets seven times annually. At these meetings, the committee sets the OCR as part of the bank's job to keep inflation in check. The OCR is the rate …
First Home Buyers - April 3rd What is Lenders’ Mortgage Insurance and How Does it Work? Over the past two years, as house prices have cooled, the number of first home buyers (FHBs) entering the market has increased considerably. According to RBNZ mortgage figures, there were 28,774 new mortgages issued to …
First Home Buyers - April 1st Mortgage Cashbacks: What’s On Offer? Canstar explores the current mortgage cashbacks on offer from the banks, and checks to see how the deals stack up. Mortgage Cashbacks While some banks make a big show of their first home buyer deals, it's worth …
First Home Buyers - April 1st How Much Can I Borrow to Buy a House? KEY POINTS: The size of your deposit and your income are key factors in determining how much you can borrow to buy a house. Personal expenditure, your saving history and debt levels are important, too. …
First Home Buyers - September 30th Long-term Mortgages: Beware the Break Fee! In a changing interest rate environment, like the one we’re in right now, the question of how long to fix your mortgage can feel like a tricky one to get right. Squirrel's John Bolton explains …
First Home Buyers - August 30th What does a Mortgage Broker Do? And Should You Use One? Do you really need to use a mortgage broker? If you're after a home loan, it's a valid question. For when it comes to mortgages, there's really only one thing most of us care about: …
Banking & Insurance - August 28th What Does a Lower OCR Mean for Kiwi Mortgage Borrowers? In this story we cover: What does a lower OCR mean for Kiwis with mortgages? What does a lower OCR mean for the NZ economy? What do falling interest rates mean for the housing market? In …
Banking & Insurance - August 14th The Co-operative Bank Rated No.1 by Kiwis for Home Loans Congratulations to The Co-operative Bank, rated the best bank for home loans by Kiwi mortgage holders for the fifth year in a row. Most of Canstar's banking awards are based on research undertaken by our dedicated …
First Home Buyers - August 1st Is it Cheaper to Buy or Build A House in NZ To buy or to build – it's a simple question, for sure. But, unfortunately, the answer is a little more complicated. So Canstar decided to delve a little deeper into the question and crunch the …
First Home Buyers - August 1st Lowest Construction Loan Interest Rate Deals Whether detached homes in greenfield subdivisions on the edge of town, or medium-density houses bunched on urban sections, new houses are popular choices for home buyers. However, if you're financing a new build, you need a …
