This article is current as at September 2021 Being prepared isn’t just for Scouts. When applying for a mortgage you can significantly reduce wait time by providing all required documentation…
Most homeowners are familiar with fixed-term mortgages. Over 80% of NZ mortgages are on some sort of fixed-term; the majority are currently for 1 to 2 years. But it’s easy…
Purchasing your first home can be confusing, getting organised can help. Here are 3 things that you can do today to get ready to apply for your mortgage. Order your…
A lot of the nerves that first home buyers feel when they decide to buy is around the mortgage. When the maximum loan you’ve ever applied for is a $2,000…
For the past 12 years, interest rates (both mortgage and the Official Cash Rate) have been decreasing. That means that almost everyone who has fixed their mortgage at some point…
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…
With the long-term effects of Covid-19 still unknown, a lot of Kiwi expats are returning from overseas with the intention to purchase a home. That means bringing money home and…
With the Covid-19 pandemic, there has been a huge resurgence in expat Kiwis who have decided that NZ is, indeed, the best place in the world. Both Real Estate Agents…
Almost every potential house buyer, at some point, will utter some version of the words “what are house prices doing at the moment?”. It’s an understandable concern. You don’t want…
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…
Article current as of 1st April 2020 (no April Fools jokes are contained – all information accurate) With the recent announcements with bank relief packages and mortgage holidays, we are…
Banks are businesses and their goal is to make money and become the leading brand in the industry. This is the same goal as most other businesses and their reputation…
We are entering an unprecedented time. The Reserve Bank has announced an Official Cash Rate drop of 0.75% leaving the cash rate at a historic low of 0.25%. Most economists…
The Reserve Bank today announced that the OCR would be reduced by 0.75% to a new level of 0.25%. International markets around the world have been severely affected by the…
First home buyers are often nervous about the size of their Student Loan and how it will affect their chance of getting a mortgage. But how much does it really…
Kiwis like Credit Cards… a lot. If you’ve got 10 minutes, you could get one online right now (don’t). And the price for easily-acquired, unsecured debt is usually ~20% p.a.…
It’s the time of the year when the Mortgage Lab buffs up our Crystal Ball, gazes into the infinitely complicated world of economics and comes up with sufficiently generic interest…
The best thing about owning your own home is that you can decorate it however you choose. Unfortunately there are some less exciting things that every homeowner needs to do…