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Buying a house to live in is the number one Kiwi strategy for getting ahead. Not only do you get a place to call your own, you have a stake in the New Zealand property market. Many people firmly believe that property values double every 10 years and data reveals
When you’re thinking about buying your first home or moving up to your next home, it helps to get your head around the acronyms and jargon that lie ahead. If someone’s using these abbreviations without first explaining what they mean, be sure to ask. There are no silly questions when
The journey from scanning the real estate pages to signing up for a mortgage has many steps. We’ll walk you through the process, so there
Buying your first home has become more and more challenging, particularly for Kiwis who may not have the option of significant financial support from family.
In Budget 2022, the government eased some of the criteria for the First Home Grant, First Home Loan and Kāinga Whenua schemes administered by Kāinga
When a home loan lender is checking you out as a potential borrower, they’ll take a long, hard look at your credit score, which is
Going shopping for a home – either your first or your next – is always an exciting time. The secret to making it a positive
Whether you’re a first home buyer, looking for your next place or building a home, one of the most important rules is to know what
For some years now, New Zealand’s main banks and other mortgage lenders have been known to offer a cashback reward to eligible customers when they
One way to reduce some of the stress of finding and owning your first home, or moving up to your next home, is to plan
Owning your own home, or intending to, has been a New Zealand tradition for generations. But that doesn’t mean it’s still the best option for
One of the simplest ways to see what your regular mortgage repayments would be is to use our mortgage repayments calculator. You can also use
When it comes to getting a new home loan or refinancing a property, many high-income households face a choice of working with a personal banker
Getting a mortgage is a big deal. Where do you go to find the best lender for your circumstances? What criteria will you have to
You’ve probably heard there’s usually no charge to use a mortgage broker (mortgage adviser). That’s because they’re paid a commission by the lender you end
When it comes to choosing a mortgage broker or mortgage adviser, there are quite a few things to check out and carefully consider. This article
A property is one of the most expensive things you’ll ever buy. The amount you borrow and the interest you’ll pay over decades can be
The golden rule for the minimum deposit required to buy a first house is 20%. But there are opportunities to get a home loan with
Low equity margin (LEM), aka low equity premium (LEP), is the price you pay for having a smaller-than-optimum deposit for the property you want to
With the current perfect storm of rising cost of living and higher interest rates, it might be almost impossible to buy a first home with
Buying a house off the plans that hasn’t been built yet can seem pretty scary. You’re usually signing up to a massive new-build loan for something
If you’ve been looking for a home for a while, you’ve probably put some thought into the option of building a new house or buying
Are you considering a land purchase to build on straight away or to hold for future plans? Or maybe you want to build an investment
Choosing whether to build from scratch or buy an existing home is a question that many Kiwis struggle with. The decision outcome is highly individual.
Understanding how lenders calculate your mortgage interest is the first step to finding ways to pay less interest over the life of your loan. To
With so many mortgage lenders, interest rates and terms to choose from, finding the best solution for your circumstances can be hard work. Whether you’re
If your mortgage application has been declined, it may help to know you’re not alone. Less than half of all applications are approved these days.
With house prices accelerating in recent years and deposits outpacing first home owners’ best efforts to save, parents are now helping their children into a
Whether you’re a sole trader, a freelancer, in a partnership with someone or a director of a limited company, being your own boss comes with
If you’ve had to deal with financial hardship or simply forgot to pay some bills in the last five years or so, you may find
Whether you’re buying your first home, next home or an investment property, you might need to get a registered valuation to finalise your home loan.
Once you have a mortgage, it’s a good idea to keep a regular eye on how it’s performing for you. You should revisit things every
When you have a mortgage ticking away with regular repayments happening automatically, it can be easy to simply let things continue as they are. But
When you’re borrowing to buy a home or an investment property there are several different types of mortgages to choose from. Once you understand how they
Whether you’re applying for your first mortgage, restructuring an existing loan or refinancing to a new lender, it helps to understand why people choose different
The question ‘how long should I fix my mortgage for’ has much in common with questions like ‘what are interest rates going to do?’, ‘how
Also known as a ‘variable mortgage’ or ‘floating home loan’, a floating rate mortgage has an interest rate that can increase or decrease at any
A fixed rate mortgage has an interest rate that doesn’t change over an agreed period of time – six months, or one, two, three, four
When you start planning to buy a home, there’s a lot of jargon to get your head around. But most of it is easily understood,
An offset mortgage lets you use money in a separate account (savings or everyday) to effectively reduce the balance of your mortgage when it comes
As its name suggests, an interest-only mortgage means your regular weekly, fortnightly or monthly repayments only include the interest charged. So you don’t repay any
A revolving credit mortgage is like an all-in-one bank account with a large overdraft facility. It lets you draw down a loan, put money in
There are two main types of mortgage insurance – mortgage repayment protection insurance and lenders’ mortgage insurance. The first is similar to the other types
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