This is the crazy low 5% Deposit Mortgage option for First Home Buyers Only. This is offered by just some banks and Underwritten by KāingaOra previously Housing NZ. There are tons of catches and things to look out for and banks’ appetite for them is vastly different. This Video explains
Table of Contents Hey Everyone, I’m excited to talk to you about something that I think is pretty darn cool after just completing this exercise myself – relocating a house! Yes this is all about that time I bought a House (for removal) for $4,000. Probably because it looked a
Table of Contents Now that rates are much higher here in 2023, the Maths is clear. It is probably much, much more beneficial (and safe) to pay off your loan faster. By doing so, you can save thousands in interest, whereas more than 2 Years ago when rates were around
Table of Contents If you’ve been contributing to your KiwiSaver over the last 3 years, then you may be eligible for a First Home Grant or First Home Loan with Kāinga Ora. Kāinga Ora is a crown entity set up under the Kāinga Ora Homes and Communities Act 2019. ‘Kāinga’
Table of Contents How do I actually make an offer on a property? Here’s a Video of an Offer I made to secure an Off the Plans Build recently. Do not text the agent your offer. Do not simply email the agent your offer. You need to put pen to
Table of Contents How an Offset Mortgage Can Help you Save Thousands on your Home Loan Channelling your everyday income and savings onto your mortgage can have a dramatic effect on the total interest payable and the term of your home loan. Less interest charged, mortgage free faster! It’s that
Table of Contents How to Properly Use Revolving Credit to Become Mortgage Free Faster “Hey John and Mary, awesome catching up again this morning thanks for your time! Once again just to confirm and summarise what we discussed… Loan Structure – $50,000 Revolving Credit – $850,000 Fixed for 12m @2.50%
The Bank of Mum and Dad How to buy your first home with no cash deposit using parents’ home as security Table of Contents Let’s start with understanding your options Gifting Gifting is the simplest option where it is made up mostly of your parents’ savingsor a form of fund
Table of Contents No Deposit? No Worries! – Family Equity Loan’s Explained With the 20% Deposit requirements and ever increasing House Prices in Auckland, 1st Home Buyers are finding it harder and harder to get into their first home. An example is a couple back in 2014 pre-approved for $550k
