Here is a very good summary from Bernard Hickey of what's happening the property market and where banks are at and what pressures they are facing.
What's happening with the market
What is a Priority Amount on a mortgage?
The priority amount is a figure recorded on the mortgage. It generally reflects an amount of between 130% to 150% of the loan amount and is put in place to...
Latest Newsletter December 2016
Merry Christmas everyone! Here is our latest newsletter.
Loan to Valuation Ratio (LVR) restrictions
There are some exceptions to the incoming LVR changes being introduced by the Reserve Bank. For those that are affected or who think they may be affected please note these...
Why use a mortgage broker?
There is so much happening in the finance industry at the moment:
First Home Buyers get a further boost with KiwiSaver
Some positive changes for those who are using KiwiSaver to purchase their first home. Both the income and house price caps have increased.
Reserve Bank Restrictions
You have probably all read about the Reserve Bank plans to introduce further changes around Loan to Valuation (LVR) restrictions. Best summarised as follows:
Fixed Rate Loan Reviews
We would like to remind you that we manage all your fixed rate loan reviews. We don't like to only arrange your home loan and then never call you again.
Tip of the month: November 2015
For all you self-employed people, it is a good idea to make sure your financial accounts to March 2015 are well underway.
There is a lot of speculation out there about interest rates at the moment and are they going to reduce further or have they "bottomed out"? It's so hard to...