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 & Contents Insurance - May 6th Best Home Insurance for Units & Apartments: What to Consider House hunting is so emotionally fraught and expensive, arranging home insurance can become a secondary consideration. However, without insurance, no lender is going to agree to a mortgage. And if you’re looking for a unit …
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 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. …
Home Loans - February 3rd How Much Does Double Glazing Cost? If you want to make your home more energy-efficient, block out some external noise and, potentially, make your property more secure, you might like to know the cost of double-glazed windows? But how much does …
Home Loans - January 24th House Rental Prices New Zealand Finding a home to rent can be tough, and expensive. Competition can be fierce and the best homes get snapped up quickly. And if you're not familiar with a certain area, or if you're working …
Banking & Insurance - November 11th Mortgage Offset Accounts: How Do They Work? Key points: An offset account is an everyday transaction account linked to your home loan. If you maintain a sufficient balance, an offset account has the potential to help you save thousands of dollars …
