2008
First Home Buyers Ready, Steady, Go!
Filed under: First Home Buyers, Mortgages, NZ Economy
Don’t be put off by the pessimists. Our view is that (if you can borrow) there are great deals to be had in the current market, but you have to be actively looking to find them, and it is hard work!
2008
Mortgage Rates on the way Down
Filed under: Housing Market, Interest Rates, Mortgages, NZ Economy
Last week the Reserve Bank dropped the Official Cash Rate by 1.00% to 6.50% and immediately banks decreased their mortgage rates. The best rates out there today amongst the major banks are 7.95% for six months and 7.90% for 1 Year (forget anything past 1 Year). What excites us is to finally see a bit
In the current market, it has become harder for First Home Buyers to get a mortgage. Lenders almost always require a 20% deposit. Your parents can help by topping up your deposit or they can act as a guarantor. Deposits Parents can gift you a deposit, but often they will want to avoid the tax
The market has got a bit tougher for First Home Buyers that don’t have a deposit, especially if you have other debts! One way of getting around this is using a parent as a guarantor. Another option is for the vendor to leave behind a deposit in the property. How it works You agree a
The current “recession” has created its fair share of sensationalism. We are struggling to understand the truth anymore with everything dished up to us in sound bites designed to grab our attention, not give us the truth! There is no doubt that lots of people are struggling with big mortgages and higher interest rates. A
most recent posts
-
Mortgage Packages | Best Mortgage Deals
August 21st 2010 -
NZ Mortgage Rate Forecast | Wet and wild with patches of sun
August 21st 2010 -
First Home Buyers | A New Mindset
August 7th 2010 -
Musings | Bank Economist versus Pikelet the Pig
July 31st 2010 -
NZ Mortgages | Buying Property in New Zealand
July 25th 2010