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
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
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
If your mortgage is due to come off fixed, you’re probably looking at a new interest rate that’s more than double what you’ve been paying. Scary moment. Why has this happened? In this article we look at some of the
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
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
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
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
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
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
This article provides information on working with a mortgage adviser when you’re refinancing a mortgage. We also have a free service that connects you with one of New Zealand’s best mortgage advisers from our handpicked panel. First up, let’s define ‘refinancing’. It
If your mortgage application has been declined, the most important thing is to understand why. It’s an opportunity to ask questions and get advice, so you can develop a new strategy. To help you make the most of this first
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
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
