Are you ready to break free from the chains of your mortgage faster? Imagine relaxing by the pool instead of watching your interest pile up. Paying off your mortgage faster can save you thousands in interest and bring you that sweet financial peace of mind. We’ve got 10 tips below
Are you struggling to secure a home loan due to bad credit or unique financial circumstances? Second-tier lenders in New Zealand might be your lifeline. Unlike traditional banks, these lenders offer a valuable alternative for Kiwis who don’t meet standard lending criteria. Whether you’re self-employed, facing IRD tax arrears, have
When deciding how to best manage your home loan, you might be weighing up the pros and cons of a revolving credit vs offset mortgage. Each one offers unique benefits that could help you save on interest and reduce your loan term, depending on how you handle your finances. The
What Is a Second Mortgage? The Two Common Structures in New Zealand A Top Up Home Loan Revolving credit facility Why Equity Alone Isn’t Enough to Secure a Second Mortgage 1. Debt-to-income (DTI) restrictions 2. Loan to Value Ratios 3. Bank serviceability (post-CCCFA reform) DTI exemptions that may apply to
You’re standing in front of the perfect home, the kind that seems straight out of a dream, and ticks all your boxes. You excitedly share a photo with a friend, who immediately texts back – “It looks amazing! Have you thought about talking to a mortgage broker?” You pause for
Ever wonder how some people manage to snag seemingly unbeatable rates on their mortgages? The answer often lies with mortgage brokers—specialists who act as intermediaries between borrowers and lenders. So, is it true? Can mortgage brokers get better rates? Absolutely! Let’s dive into how our experts can make your mortgage
When exploring home loan options, we often think of banks as our go-to source. However, in New Zealand, there’s an array of non bank lenders that offer competitive and flexible lending solutions. These lenders can be a lifeline, especially for those who might not meet the strict lending criteria of
A home loan top up can be a practical option when you need extra funds. Essentially, it’s an additional amount you borrow on your existing mortgage. This can be a smart way to finance renovations, big-ticket purchases, or consolidate debt, with the advantage of home loan interest rates being lower
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 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’
