Home Loans - July 18th How Low Will Mortgage Rates Go in 2025? KEY POINTS: The big five banks all think that we're close to the bottom of the OCR/mortgage rate cycle. ANZ and Kiwibank think the OCR will be cut to 2.5%; BNZ forecast 2.75%; ASB and …
Home Loans - June 13th Paying Mortgage Weekly vs Monthly: Which Is Better? KEY POINTS: Most mortgage lenders allow weekly, fortnightly or monthly repayments, which are calculated by dividing a total annual repayment by 12, for monthly, 26 for fortnightly or 52 for weekly. To reduce interest charges, …
Banking & Insurance - June 11th How Long Should I Fix My Mortgage For? KEY POINTS: Six-month fixed mortgage rates are around 45 basis points higher than current 1- and 2-year fixed rates. Twelve-month rates would have to fall further by the end of the year to justify fixing …
Home Loans - June 2nd House Flipping in NZ: 5 Expert Tips Key points: When house flipping, ensure that you buy a house with potential, and don't overpay. Thoroughly plan your budget, and then stick to it. Do as much of the renovation work as you can, …
First Home Buyers - May 29th What If I Change My Mind About Buying A House? Key points: You're free to change your mind about buying a home if you've not signed a sales contract. However, once you sign a sales contract on a home, you become legally bound by the …
Home Loans - May 1st Am I Too Old For A Home Loan in NZ? KEY POINTS: The closer you get to retirement age, the more difficult it becomes to gain approval for a mortgage. As a mature person, to improve your chances of securing a mortgage, you'll need to …
Home Loans - April 22nd Best Home Loans: Canstar’s Home Loan Awards It's always imperative to compare home loan lenders and mortgage products. Whether you're a first home buyer, a property investor, or a homeowner looking to refinance, you can potentially save thousands of dollars in fees …
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 …
