Home Loans - January 8th Backing out of a house sale? You better lawyer up… Co-author: Michelle Norton When can you change your mind about buying a house? Prospective buyers can change their mind about buying a house any time before settlement – but the consequences of this are different, depending on …
Home Loans - January 7th Sky-high living or noisy nightmare? The real deal on apartment life Apartments can have a wide range of benefits. And, in the midst of an economy that’s hard on those looking to buy property, it's often a more viable option for those on lower incomes and …
Home Loans - January 7th Why buying a home in summer could be a bright idea The housing market has had its fair share of airtime and print space in recent years in New Zealand, and for good reason. Entering the property market, or moving within it, has been challenging for …
Home Loans - December 16th Make a New Year resolution to become a first-home buyer As the smoke clears from the New Year’s Eve firework displays, and the first sunrise of the new decade reveals the dishevelled mess from the previous night’s celebrations, most of us will have our minds …
Home Loans - December 5th How your mortgage could rise under RBNZ capital requirement changes The four big banks will have to carry almost double the current level of capital, following a Reserve Bank of New Zealand (RBNZ) decision announced today (5 December). RBNZ released its final results of its review …
Home Loans - December 2nd How to own your own home in New Zealand – tips without the telling off Co-author: Dhayana Sena Many New Zealanders aspire to own their own home – but it is an increasingly challenging task. According to the Real Estate Institute of New Zealand (REINZ), the national median price of properties …
Home Loans - November 27th First home buyers left out in the cold with LVR announcement? The Reserve Bank of New Zealand today (27 November) announced it will not be changing the existing Loan to Value (LVR) regulations, which could come as further unwelcome news for first home buyers. Current LVR rules …
Home Loans - November 26th What is an LVR and how do LVR rules affect you getting a home loan? Buying property is no simple feat and there are several things to consider before making a purchase. One of those things is understanding what a loan-to-value ratio (LVR) is when taking out a home loan. …
Home Loans - November 13th Reserve Bank keeps OCR at 1%, predicts 2020 spending boost To the surprise of many commentators in the market, the Reserve Bank of New Zealand (RBNZ) has kept the Official Cash Rate (OCR) at 1%, (13 November) for the second time in a row. Any changes …
Home Loans - November 13th Finding Your Ideal Home Loan: Floating rate vs Fixed rate Co-author: Michelle Norton With market rates constantly changing, mortgage holders and home loan applicants should weigh up their fixed and floating home loan options. Use this guide to help identify your ideal home loan. First up, the …
