How can I come up with a house deposit?

  It’s tough out there in the current property market if you’re a first home buyer wanting to take that giant leap to get on the property ladder.  Every dollar counts though, and to put this into perspective, for every $1,000 you have in deposit, this could add $10,000 to $20,000 to your overall purchase…

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The importance of reviewing your mortgage.

Reviewing your mortgage is not only just about getting shiny new low-interest rates and a cash incentive.  While the overall deal negotiated is important, it is also about making sure that the bank your home loan is with, is still the best bank for you.  That the loan products and benefits of those products are…

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Is the First Home Grant working?

Mortgage Broker, Mike McGinley wants changes made to the First Home Loan/Grant criteria.   If you’re a first home buyer or a previous homeowner and you’ve been contributing to KiwiSaver for a minimum of 3 years, then you may be eligible for a First Home Grant.  The amount you could be approved for will depend…

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Easing of Loan-to-Value Ratio Restrictions

A few weeks ago, the Reserve Bank released their Financial Stability Report.  They advised that the risks in NZ’s financial system have eased.  Therefore, they are going to ease the current Loan-to-value ratio (LVR) restrictions that are in place for banks. The Reserve Bank introduced LVR restrictions for new mortgages back in 2013.  This was…

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