Murray Joiner - mortgages.co.nz

Murray Joiner - mortgages.co.nz

Why use a broker when I have a personal banker?

When you need a new home loan, or you want to refinance, who’s your go-to person? For households with a high income and considerable assets, the choice is usually a personal banker (through private banking) or a mortgage broker. If

Murray Joiner - mortgages.co.nz

The latest on debt-to-income restrictions for home loans

Debt-to-income (DTI) restrictions limit the amount of debt someone can have compared to their income. DTIs have been used for home loans in other countries for quite some time. Now the Reserve Bank is preparing for their introduction in New

Murray Joiner - mortgages.co.nz

How to cover rising home loan payments

A lot of home owners are preparing for a significant increase in their home loan repayments, as their one and two year fixed interest rate terms come to an end. Everyone’s situation is different, but it’s fair to say that

Murray Joiner - mortgages.co.nz

To fix or not to fix? And for how long?

We reckon the crystal ball shops must be all sold out. Everyone’s trying to see into the future, so they can figure out how long to re-fix their home loan for. Putting a foot wrong could cost thousands, either in

Murray Joiner - mortgages.co.nz

Is it worth breaking a fixed mortgage right now?

Most people think about breaking their fixed rate mortgage when interest rates are falling and they see lower rates than the one they’re on. But even if fixed interest rates are climbing, you may be worried about how high the rates will

Murray Joiner - mortgages.co.nz

How to find the best mortgage interest rates in New Zealand

With so many mortgage lenders and different interest rate terms to choose from, finding the best solution for your circumstances can be hard work. That’s why we developed a clever widget that shows the lowest interest rate available each day for all

Murray Joiner - mortgages.co.nz

What does it cost to build a house in NZ?

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 a new-build property. Committing a whole heap of money to something that doesn’t exist yet

Murray Joiner - mortgages.co.nz

Refinancing your mortgage after a breakup or divorce

Despite the best of intentions, not all business and personal relationships survive the test of time. If the partners own a property together they’ll likely share a mortgage, so what happens to that loan if they break up? In a

Murray Joiner - mortgages.co.nz

Understanding mortgage acronyms and terminology

When you’re thinking about getting a mortgage, you’ll probably run into a whole new world of three-letter names for things. If someone’s using these acronyms without first explaining what they mean, be sure to ask. There are no silly questions

Murray Joiner - mortgages.co.nz

How much income should go to my mortgage?

Whether you’re a first home buyer or looking to upgrade, one of the most important rules is to know what you can realistically afford. And what you can afford isn’t the same as what you could pay if you really

Murray Joiner - mortgages.co.nz

Fix, float or split – understanding your mortgage options

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 fix-float strategies. This guide is designed to get you thinking before talking with a mortgage

Murray Joiner - mortgages.co.nz

What to do when your mortgage application is declined

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. While the new lending rules have certainly made things more challenging, declined applications have always

Murray Joiner - mortgages.co.nz

How to apply for a mortgage under the new rules

As 2022 began, most Kiwis were enjoying a glorious summer and a break between Covid variant surges. But for mortgage applicants and people preparing to apply for increased credit, the reality of new lending rules was becoming increasingly apparent. It