First Home Buyers Rejoice: ASB’s New 5% Deposit Home Loan Option
ASB now offers home loans with just a 5% deposit for eligible first home buyers. Here’s how it works, who qualifies, and what to watch for. Subject to lender assessment and approval criteria.
New Granny Flat Rules
We’re sure that there are a lot of Kiwis that are happy to know that new granny flat rules will mean that you will be able to build a granny flat up to 70m² without needing a building or resource consent. That means: The Government have announced that work is underway to enable small standalone […]
How To Choose The Best Bank For Your Home Loan
From experience, I know that for most first home buyers the excitement of just getting a home loan approved feels like a win, but often it means that you do not end up getting the best bank for your home loan. Yes, you might be happy now just to get an approval but if you […]
Buying Your First Home?
Are you thinking about buying your First Home? Do you know there are ways you can buy a suitable home? When we started the Kiwi First Home Buyers Group over 10-years ago, house prices were a lot lower and the group was relatively smaller. Over the years we have grown this group to about 60,000 […]
What Is A Revolving Credit Mortgage?
A revolving credit mortgage works like a large overdraft or credit card, and mortgage advisers will often use a revolving credit as part of the overall mortgage. What is Revolving Credit? Revolving credit is an account that is generally linked to a mortgage secured by property and allows you borrow money up to a maximum […]
Stop Renting and Buy Your First Home
Stop renting and buy your first home this year. It’s not always easy to buy your first home but it’s not much fun renting either, especially if you believe that you will remain renting forever. As a mortgage adviser in Auckland I know that it’s not always easy to buy a home. House prices are […]
Is It Okay For Banks To Link My properties?
When you own more than one property the bank will want to link your properties, and while it is the easy option it is not the best option. You need to retain control over your properties and finances, and it’s easy to lose control and options when the bank has linked your properties together.\ Of […]
My Top FIVE Tips For First Home Buyers
As a mortgage adviser I get to see a lot of people in varying situations that want to get their first home, and with that I have created a list of tips for first home buyers that I’m happy to share. These are my 5 top tips for first home buyers. Let’s have a look […]
Does A Student Loan Affect Getting A Mortgage
As a mortgage adviser, and from our Facebook Group I hear from lots of first home buyers asking “does a student loan affect getting a mortgage” and if they can. The answer is YES your student loan does affect your ability to get a mortgage, or at least it impacts on the amount the banks […]
Sometimes We Need A Fresh Start
We cannot dwell on the past, but unfortunately the banks often do and penalise us for years after we have had something go wrong. A default will stick on our credit reports for 5-years after being listed and when the banks see this “bad credit” they will typically decline lending applications. We say typically because […]
You Can Get Bad Credit Mortgages
Bad credit mortgages are possible, but not from your bank. If you have some bad credit you may leave the bank disappointed that they cannot help, even when you have banked with them for many years. They don’t ask why … they just say “NO” your application is declined and your dream is over. Don’t […]
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 […]