Current NZ Mortgage Rates
Date Published: 19 December 2024
Click here to find the latest NZ Interest Rates for major banks. Info for current home owners and new buyers.
What Your Mortgage Application and Tinder Profile Have in Common
Date Published: 21 July 2024
Applying for a mortgage is much like creating a Tinder profile. You want to make your mortgage application as attractive as possible to get a bank to “swipe right”. Banks…
Can I Buy A Home With Friends
Date Published: 4 June 2024
While house prices have eased, getting the deposit together for a first home is still a big ask. Kiwis are asking whether it is worth buying with friends instead of…
Mortgage Deposit: Can I take out a loan to increase my deposit?
Date Published: 4 June 2024
As you may know from our other blogs, there are some key levels of deposit that you need to get to in order to buy a new home. The main…
Deposits: How much do you need to buy your first home?
Date Published: 4 June 2024
If you have less than 20% deposit, you are referred to (by the banks) as a Low Equity (or Deposit) Borrower. You are required to meet a different set of…
Flatmates and Your Mortgage
Date Published: 16 May 2024
So you’re looking to purchase. Could a flatmate help you purchase a more expensive house? Will a bank take that extra income into account? How much interest will flatmate income…
How To Calculate Break Costs And Decide If It Is A Good Strategy
Date Published: 15 May 2024
For the past 16 years, interest rates (both mortgage and the Official Cash Rate) have been on a roller-coaster journey. That means that almost most people who have fixed their…
When to Get Your Business Accounts Done
Date Published: 8 May 2024
If you happen to be a salary earner, proving your income is relatively easy. As long as your employer issues decent quality payslips, you can provide the 3 most recent slips…
The Official Cash Rate (OCR) Explained
Date Published: 2 April 2024
As of 2nd April 2024, the Official Cash Rate (OCR) for New Zealand is set at 5.5%. What is the Official Cash Rate? The Official Cash Rate (OCR) is an…
The Real Cost of Credit Cards on Your Mortgage Capacity
Date Published: 28 March 2024
New Zealanders are no strangers to credit cards, but while these cards are a mainstay in many wallets, they can also be a stumbling block on the path to home…
Pay Down Your Mortgage Or Save Into Your KiwiSaver?
Date Published: 27 March 2024
It’s a question we get asked a lot. If we have an extra amount of money in our salary, should we use the money to pay down our mortgage or…
Why Leveraged Property Investment Can Mean Higher Returns
Date Published: 26 March 2024
If you’re not in finance, you probably most often hear and see the word “leverage” discussed negatively. News articles about failed investors and companies will no doubt (accurately) list overleverage…
What Could NZ Mortgage Rates Be In 2025?
Date Published: 25 March 2024
As we approach the end of the first quarter in 2024, many New Zealanders with mortgages are contemplating their financial futures amidst a dynamic and unpredictable economic landscape. Understandably, one…
4 tips to making an offer by Tender
Date Published: 10 January 2024
Recently we looked at some tips for bidding at an auction. But what if the house you love is for sale by tender? Tenders are much less time-pressured than auctions…
Purchasing at Auction – A Step by Step Guide
Date Published: 9 January 2024
Buying at auction can be exciting but also intimidating. Much like your year 5 school production, knowing what to do and when to do it will help you feel more…
Small Steps – Update Your KiwiSaver Contact Details
Date Published: 8 January 2024
If you have ever tried to tidy up your financial affairs, it can be overwhelming to try and do everything at once. Like most big projects, the best way to…
The worst financial decision you can make
Date Published: 7 January 2024
Saving is a long, slow process. That’s why so many of us are so bad at it. You could put $20 aside every week and after a year, you’ll have…
The One Bank Trap and The Several Bank Nightmare
Date Published: 5 January 2024
A common phrase in mortgage world is the “one bank trap”. It’s when you have all your lending with one bank which gives the policy makers at the bank all…