Banking & Insurance - August 1st How Long Should I Fix My Mortgage For? Finally, mortgage rates are on their way down. Due to the country's weak economy, the Reserve Bank (RBNZ) is signalling that cuts to the Official Cash Rate (OCR) are on the horizon. And banks have …
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 …
First Home Buyers - July 30th What are the Risks of Buying Off the Plan? What does buying off the plan mean? Buying a property off the plan means buying a property that has yet to be constructed, such as an apartment in a complex that’s yet to be built or …
First Home Buyers - July 26th Top Tips for Building A New Home 1. Build to your section The key to good home design is to build to the section, not the other way around. You should design or choose a house plan that is going to make the …
First Home Buyers - July 25th How Does a Mortgagee Sale Affect Tenants? What is a mortgagee sale? A mortgage is a home loan secured against a property. If the borrower fails to make their mortgage repayments, the lender can sell the property to recover the money they are …
Home Loans - July 25th How to Get a Home Loan For a New Build Most people apply for finance to purchase a section and to build a new home at the same time. This requires two finance offers, one for each stage of the project, which means a range …
First Home Buyers - July 23rd SBS Bank the Best for First Home Buyers Over the past three years, economic conditions have conspired against first home buyers. A weak economy, job insecurity and high interest rates have put many Kiwis’ home ownership plans on ice. However, throughout this period, …
Home Loans - June 21st Squirrel: What Do the new DTI Limits Mean for Borrowers? Almost nine years after the Reserve Bank of New Zealand (RBNZ) first tossed around the idea of implementing DTI (or debt-to income) lending restrictions in New Zealand, DTIs are finally happening. The new DTI rules will …
Home Loans - June 5th Low Deposit Home Loan: What are Low Equity Premiums? Recent rule changes around mortgage lending to borrowers with small deposits means it's easier to secure a low deposit loan. However, if you've only got a small deposit, it's likely you'll have to pay more …
