If you’re self-employed and thinking about applying for a home loan, you may be wondering where to start. A lot of the advice for house buyers tends to focus on people who can produce a pay slip from their employer to prove their income. But if you’re your own employer, what can you do? The […]
Category Archives: Mortgage
What homeowners need to know about the OCR
The official cash rate (OCR) is an important monetary policy tool for achieving and maintaining price stability in our economy. The OCR is the interest rate at which banks borrow money from the Reserve Bank. The Reserve Bank of New Zealand (RBNZ) reviews and may change the OCR seven times each year. Any changes in […]
How the economy affects home loan rates
Covid-19 and the economic recovery from lockdowns gave many people a sharp reminder of how the wider economy can affect home loan interest rates. In the space of 18 months, we saw home loan rates shoot up from record lows of less than 2.5% to nearer 7%. But how does the wider economy affect mortgage […]
Keys to homeownership in 2024
The new year is upon us, and for aspiring homeowners, 2024 could be the year you take the first step onto the ladder. As the property market continues to evolve, navigating the path to homeownership requires strategic planning and informed decision-making. This guide serves as a roadmap for first-time homebuyers in 2024, offering valuable insights […]
Mortgage advice: Not just for first-home buyers
Many people associate the need for a mortgage adviser with the purchase of their first home. However, the value of professional mortgage advice extends beyond this initial buying experience. Whether you’re considering upgrading to a larger property, downsizing to a smaller one, or expanding your investment portfolio, we can provide crucial guidance at every stage. […]
How long should you fix your mortgage for?
Managing a mortgage can feel like a big responsibility. It’s often the most significant debt that people have in their lives and one of the biggest payments they make each month. But with so many options, how can you know the best way to structure it? Should you float, fix for a short term or […]
Eleven things it’s worth spending money on
We usually focus on all the ways to save money, but the reality is, sometimes it’s worth splashing out. Here are eleven things that it’s worth spending your money on. Your health Skimping on things like doctor’s appointments and eye checks can be a false economy. Stay on top of your appointments so that […]
Three New Year’s resolutions for your mortgage
New year, new approach to your mortgage? If you’re in a planning mood, you might be thinking about one of the most significant financial obligations in your life – your home loan. Here are a few New Year’s resolutions to consider making to really make a difference to your financial future in 2020. Squeeze out […]
Should you pay off debt first or save for a deposit?
Looking to buy your first home? It’s important to make your mortgage application as competitive as possible. Having the least amount of debt possible is a way to increase your borrowing capacity. But when you’re also saving for a deposit at the same time, paying off your debt can be challenging. You may have left […]
Five smart strategies to get mortgage-free faster
Your mortgage is probably one of the biggest financial commitments you’ll have in your life. And with significant interest costs accruing over time, it makes sense to get rid of it sooner rather than later. There are a few ways to do this – none of which relies on a winning Lotto ticket. Increase your repayments One […]