Home Loans - July 30th Can You Buy a House With No Deposit? KEY POINTS: It's unlikely for a home buyer to be able to secure a home loan with no deposit, as mortgage lenders require borrowers to demonstrate a history of saving. Most home loan lenders have …
Banking & Insurance - July 30th 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 …
First Home Buyers - July 30th Mortgage Cashbacks: What’s On Offer? KEY POINTS: Cashbacks are promotional deals home loan lenders use to attract custom. Banks often promote their first home buyer cashback offers, but the same deals are usually available to all mortgage borrowers. Cashbacks range …
First Home Buyers - July 22nd The Co-operative Bank: the Best Lender for First Home Buyers Over the past 18 months, the stars have finally aligned for first home buyers (FHBs). Thanks to falling interest rates and lower house prices, purchasing a first property has become more attainable for many Kiwis. However, …
Home Loans - July 21st Australian vs New Zealand Mortgage Rates KEY POINTS: Overall, average fixed-term mortgage rates are higher in Australia than in NZ. Average 1-year rate on Canstar's NZ's database is 4.97%, compared to 5.68% in Australia. Average 2-year rate on Canstar's NZ's database …
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, …
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 …
