.png)
Many New Zealand homeowners are looking for better ways to manage their mortgages. A revolving credit facility can be a powerful tool to help you pay off your home loan faster while giving you access to your home’s equity when you need it. So in this week’s update, we’ll help you understand how a revolving credit works and whether it might be the right strategy for your financial situation.
.png)
Planning to buy a home this year? You might be wondering if your recent holiday spending could hurt your home loan application. The good news: it probably won’t. In this week’s update, we’ll explain why you don’t need to cancel the fun to stay on track for your 2025 property goals.
.png)
Non-bank lenders are financial institutions that provide loans without holding a banking licence from the Reserve Bank of New Zealand. While they’re sometimes referred to as “second-tier” lenders, this terminology actually undervalues the significant role they play in the lending space.
-(5).png)
Deciding whether to refix or refinance your mortgage can seem like a daunting task, especially when your fixed interest rate is about to
expire.
The decision will largely depend on your current financial circumstances, the prevailing market conditions, and the potential advantages of
switching lenders.
When it comes to home loans, not all banks view and assess an application in the same way. They all have varying policies and criteria. Things like self-employed income, overseas income, variable (bonus, commission etc.) income, or rental income and multi ownership structures may be treated differently, directly affecting the amount you can borrow.
.png)
Attending an auction can be an overwhelming experience.
With so much pressure to make the right decisions, it's easy to get caught up in the excitement and lose sight of your goals.
.png)
Whether you're a first-time buyer or an experienced investor, knowing how each sale and purchase method works can help you make an informed
decision. In this week's update, we'll explore the different ways to purchase property, providing you with valuable insights to help you
navigate the process successfully
.png)
Private sales, also known as a private treaty, offer a unique opportunity to buy directly from the property owner.
While this approach can potentially save you money, it also comes with its own set of challenges, especially when it comes to securing your
financing.