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Deposits: How much do you need for your first home?

Deposits: How much do you need to buy your first home?

Date Published: 6 December 2022

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…

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NZ Mortgage Interest Rates Prediction 2023

Date Published: 16 November 2022

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…

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Mortgagee Sales – What To Look Out For

Mortgagee Sales – What To Look Out For

Date Published: 16 August 2022

Property prices have increased significantly over the past few years but so have interest rates and with recent changes to the CCCFA, lending has gotten more difficult.  It can be…

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Calculating The Interest On Your Progress-Payment Construction

Calculating The Interest On Your Progress-Payment Construction

Date Published: 20 June 2022

Calculating the amount of interest expected in a progress-payment contract on a newly built house can sometimes seem daunting.  In this article, we walk you through some easy calculations. Recently…

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Cost Fluctuations in Build Contracts – Guest Blog

Date Published: 10 June 2022

Just a couple of years ago, the use of the words “cost fluctuation” in the residential building industry was about as common as the use of the word “liquefaction” prior…

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3 things to do now to prepare for a recession

Prepare, Don’t Panic – 3 things to do right now to prepare for a recession (and 1 thing you shouldn’t)

Date Published: 9 June 2022

We are entering an unprecedented time.  The Reserve Bank has announced an Official Cash Rate increase from the historic low of 0.25% up to 2%.  Some economists expect a recession…

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10 Things Homeowners Should Do Annually, But Don't

10 Things Homeowners Should Do Annually, But Don’t

Date Published: 27 May 2022

We love a good list, and a list of ten is universally acknowledged to be the best kind of list. So we’ve pulled together the 10 things home owners should…

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The Official Cash Rate (OCR) explained

The Official Cash Rate (OCR) Explained

Date Published: 25 May 2022

As of 25th May 2022, the Official Cash Rate (OCR) for New Zealand is set at 2% What is the Official Cash Rate? The Official Cash Rate (OCR) is an…

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First Home Loan Versus First Home Grant

First Home Loan vs First Home Grant

Date Published: 22 May 2022

Previously, we’ve looked at the difference between First Home Grants and KiwiSaver.  Another often confused, pairing is the First Home Loan (previously known as the Welcome Home Loan) facility and…

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First Home Grants and KiwiSaver

First Home Grants and KiwiSaver

Date Published: 21 May 2022

First home buyers can often get tangled up in the pile of new concepts to learn.  In this article, we explore the basics of withdrawing your KiwiSaver and meeting the…

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All About Conveyancing

Date Published: 20 March 2022

When you’re buying a house, there are a lot of things to think about. One of the steps that is often a mystery for homebuyers is what happens with their…

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Mortgage Calculator: How to Find the Best One

Date Published: 28 February 2022

Typically, when you use a mortgage calculator, you want to know what your mortgage payments will be (obviously). A couple borrowing, say, $800,000 for an investment property might want to know…

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The CCCFA and How It Affects Property Buyers

Date Published: 3 February 2022

The Credit Contracts and Consumer Finance Act (CCCFA) came into force on the 1st December 2021 and was largely meant to protect consumers from high-interest loan sharks. Unintended effects of…

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How Do You Get a Mortgage on a Tiny Home?

Date Published: 17 January 2022

Tiny homes are all the rage these days. With more people looking to downsize their lives, these little houses are popular among homeowners and renters alike. However, one of the…

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What is the Housing Supply Bill About?

Date Published: 1 November 2021

Recently Labour and National shocked New Zealand by not only agreeing on something but also working together on a new housing bill: the Resource Management (Enabling Housing Supply and Other…

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Why are There Still Lots of Property Investors in the New Zealand Market?

Date Published: 28 October 2021

If you’re interested in property investment in New Zealand, you’re likely no stranger to the increased lending restrictions put in place this year. These restrictions were intended to discourage small…

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How Soon Can You Re-apply For A Mortgage After Being Declined?

Date Published: 1 October 2021

No one likes being rejected. Some of us still blush when we remember being turned down by Patrick Summers at the Year 9 dance. That’s just for instance. We’re not…

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new build or existing home

Should I Purchase a New Build or an Existing House?

Date Published: 30 August 2021

There’s a lot to weigh up between a new build or an existing house. Some of it is a personal preference; the beauty of a stained glass window in a…

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