When it comes to buying your first home, understanding your spending habits is crucial. Banks are increasingly focusing on your overall financial health, not just your occasional indulgences.
Mortgage Advisers
Insurance Requirements for Home Loan Approval in New Zealand
Securing your dream home involves not just finding the right property but also navigating the financial steps to make it yours. A pivotal part of this process is understanding the role of insurance in obtaining home loan approval. Here’s what first home buyers need to...
Lending Rules To Change
The changes to the Credit Contracts and Consumer Finance Act 2003 (CCCFA) announced by the Government earlier in June 2022, are due to come into force from July 7, 2022, with amendments to how lenders are required to assess affordability and more clarity around...
Is It Worth Applying For a Mortgage?
In a recent survey of 1,000 Kiwis, 73 per cent of respondents say it’s simply too hard right now to apply and be approved for a home loan. What’s more, an even greater number believe it’s not worth the effort, as their mortgage application is likely to be declined....
Tips for Dealing With Rising Mortgage Rates
Rising interest rates are bad news for first home buyers and borrowers alike, with new homeowners (those who bought homes in the last 18 months) facing much higher mortgage repayments for the first time. With the Reserve Bank of New Zealand signalling further...
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