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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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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