When does it make sense to refinance your mortgage?
While making use of a mortgage repayment calculator in New Zealand can help you secure the best home loan at any given moment, market conditions can and do change over time – and this...
Category: Mortgage
What are the pros of buying a house with your mates?
The most recent figures from QV reveal that the average New Zealand house costs a hefty $627,905. This means the average Kiwi home buyer needs a deposit of more than $125,000 – a pretty...
What are the cons of buying a house with your mates?
Even with house prices starting to contract in some parts of the country, scraping together a deposit remains a key challenge for many first home buyers. Consequently, more and more people are entertaining the...
When should you NOT refinance your mortgage?
When conditions are right, refinancing your mortgage can help you secure better interest rates, reduce the term of your loan and strengthen your overall financial standing. However, while this might sound like a pretty...
Buying a house with your parents as guarantors
Mum and dad might have had to walk 10 miles to school barefoot in the snow uphill both ways, but they were also born in a time when buying a home was a fair...
What are the pros of a fixed rate home loan?
Among the many questions you’ll face when taking out a home loan in New Zealand, one of the most important is: Should you fix or float? A fixed home loan allows you to lock in...
Buying a future-proof home: 3 things to look for
Flipping property ain’t as easy as it used to be, which means there’s a good chance you’ll probably stay in your first home for at least a few years. The issue is that a...
When does it make more sense to rent than buy?
There comes a curious stage in every twentysomething’s life when Jagerbombs are substituted for a couple glasses of cab sav with dinner, fuel efficiency becomes more important than horsepower, and all your friends stop renting...
4 Tips to Get Your First Mortgage Loan Approved
Buying a home is, for most of us, the biggest financial investment we will make in our lives. So it’s no surprise that we can’t just walk into the bank and sign the dotted...
Mortgage requirements part 4: Tapping into the HomeStart grant
Saving up for a deposit on a house is no walk in the park. Luckily, the New Zealand government offers a few different schemes designed to make things a little easier for property newbies,...