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.
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 […]
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 […]
Non-Bank Mortgages
Most people would be surprised at how many people use non-bank mortgages these days. The term “Non-Bank Lending“, “Non-Bank“, “Bank Alternatives” or “Second Tier Lenders” simply refers to those lenders who are involved in the business of providing finance, but are not traditional registered banks. In the past these lenders have been quite a lot […]
Getting Help Dealing With Mortgage Arrears
Kiwis often don’t know where to get help dealing with mortgage arrears. They are told to speak to their banks, but do not feel comfortable dealing with some credit person that is hidden behind an email address of 0800 number. It’s difficult to know what the banks credit people or hardship teams will do. Understanding […]
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 […]