It has become a lot harder to get a mortgage, unless you have a big deposit or equity in another property. If the bank says no, then a second mortgage can be a cost effective and flexible back up option. A Second Mortgage is exactly that. For higher risk lending we sometimes use a bank
2009
The Cost of Buying Now or Next Year?
Filed under: Housing Market, Interest Rates, Mortgages, NZ Economy
The theme here is don’t get too focused on the absolute interest rate. Simply being able to buy, and buying well, are where you will make money in the property market at the moment. Bank credit criteria has made it much tougher to borrow. That said, if you have good income the money is there
Lenders have pulled-back from lending to First Home Buyers. Our view is that this has created opportunities for Investors to fill the gap and earn good returns (circa 10%-15%.) Each investment is small and you get to choose your Home Buyers. We’ll work with you to minimise the risks
most recent posts
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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