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The Kāinga Ora Maintenance Clause (for First Home Loans)
If you intend to buy your first home using the Kāinga Ora low deposit First Home Loan scheme then you need to be aware of the eligibility and the maintenance clause that they have – Kāinga Ora require that any maintenance on the property cost less than $10,000 to repair and you need to both…
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Direct to the Bank or go to a Mortgage adviser?
We hear this debated on social media all the time – people saying go directly to the bank for a home loan while others say you should use a mortgage adviser. To help answer this we decided to do a short article and to focus on just the one main reason why going directly to the…
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What Makes A Good Home Loan?
One of the key roles for a good mortgage adviser is to provide people on what makes a good home loan. There are other things that advisers do like arranging the home loan and getting competitive interest rates, but probably the most important role is to know what makes a good home loan for a…
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Low Deposit Options For Your First Home
What low deposit options are there? Most first home buyers do not have a 20% deposit and so ask if it’s worth making the effort to buy with a low deposit now or wait and save more. For first home buyers, the deposit is generally one of the biggest issues, and especially in the larger…
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Is it the right time to buy a property?
As a mortgage adviser, I’m often asked if it is the right time to buy a property. With interest rates in New Zealand currently on the decline, this is an opportune moment to consider purchasing property. Here’s why this shift in the economic landscape could be a game-changer for prospective buyers and investors. Why Declining…
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Non-Bank Lenders: A Reliable Alternative For Your Mortgage Needs??
As a mortgage advisor at Mortgage Sense Financial Advisors, I’ve noticed a recurring hesitation among clients when it comes to considering non-bank lenders. This reluctance often stems from a perception that banks are inherently more trustworthy or stable. However, non-bank lenders, such as credit unions, can offer competitive rates and reliable service that deserve your…
