2010
Renting Versus Buying First Home
Filed under: First Home Buyers, Housing Market, Mortgages
Buying your first home will almost always make better sense than renting. That is unless you live with five other flatties, eat baked beans, and have a communal shower. Those are hard economics to beat under any scenario!
If you are borrowing over 80% the rules and costs vary significantly across the different lenders and that’s where Squirrel comes in.
2009
When is a Good Time to Buy My First Home?
Filed under: First Home Buyers, Housing Market, Interest Rates, NZ Economy
“Action may not always bring happiness, but there is no happiness without action.” Benjamin Disraeli, former British Prime Minister.
And so it is that most people will choose inertia and unhappiness over making a decision for fear of failure. I’ve been reading a number of blogs recently on property and whether buying now makes sense. There has been vociferous argument from both sides
The mortgage market has tightened up somewhat, but provided you have strong income and a stable job history or no debts, then 95% is still an option for you.
There is no need to rush into buying (unless your preapproval is running out!). Yes, it might seem a bit crazy out there at the moment but the pendulum will swing back to buyers over the coming months. Even now, there are still bargains out there, but you won’t find them if you’re not looking
most recent posts
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Risk with houses built before 1945
January 28th 2012 -
Mortgage Rates: Let the Summer Craziness Begin
January 28th 2012 -
Growing your Property Portfolio
January 28th 2012 -
Waterview Connection | Implications for Property
December 4th 2011 -
Property Investing: Is Big Better?
November 20th 2011