Did you ever wonder why the saying “Home Sweet Home” isn’t “House Sweet House” ? I think the answer is quite obvious… “a house” is just a thing and yet “a home” has a much deeper meaning that is far more intangible. A house may be decorated from floor to ceiling with the finest furnishings […]
What Makes A House Really A Home Read More »
As mortgage advisers we often uncover unpaid fines and the applicants are surprised when we say you need to disclose unpaid fines. After all an unpaid fine is a debt that you owe. And often the reason an adviser will ask about unpaid fines is because they have either found out about them on your
Do You Need To Disclose Unpaid Fines On Your Application? Read More »
When you are buying your first home is unlikely to be your forever home… it’s not the dream home that you plan to live in for the rest of your life. It’s important that you remember that when looking at houses. Sure, there are many things that you may love to have in your home
You Are Buying Your First Home, Not A Dream Home Read More »
Saving your first home deposit is not easy and in areas where houses are more expensive you will need a bigger deposit which makes things even more difficult. As mortgage brokers we consistently hear how saving a big enough first home deposit is one of the biggest challenges. So we have jotted down six ways
Six Ways To Help Save More For Your First Home Deposit Read More »
When a lender is assessing a mortgage application they will access your credit check and look at any adverse credit, and it’s important that you are aware that even a paid default on your credit check can cause problems. It’s a good idea to avoid defaults getting onto your credit report. To avoid defaults being
Even A Paid Default On Your Credit Check Can Cause Problems Read More »
Obviously this is a question that lots of people ask as we all want to know the best time to buy a house. Sometimes the advice would be “now” but others would say that you should wait. If you look at how house prices have increased over the years then you would say that you
When Is the Best Time To Buy A House? Read More »
Most first home buyers in New Zealand will access their KiwiSaver to help fund your house deposit. But is saving in your KiwiSaver the best option for you? We look at the pro’s and con’s of using KiwiSaver as your main form of saving for a deposit on your first home. KiwiSaver Helps Many Kiwi’s
Using KiwiSaver To Build Your House Deposit Faster Read More »
When you are applying for a home loan you need to ensure that the application is presented to answer all a lenders questions so they really have no option other than to approve it for you. That’s what experienced mortgage brokers are good at. Identify Any Problems First It’s important that you do not rush
It Can Be Easier For The Lender To Say “NO” Read More »
It may seem easy to work out how much you earn, but when you are trying to get a mortgage to buy your first home you need to understand how the banks and lenders calculate your income differently from each other and it might be a bit different to how you would. The lenders will
Banks & Lenders Calculate Income Differently Read More »
It’s now been over three weeks since the Reserve Bank of New Zealand removed the loan-to-value-ratio (LVR) funding restrictions but we are still waiting for the banks to start offering low deposit home loans. The banks are now technically allowed to lend as much as they like. They could lend to everyone with just a
Why Are Low Deposit Home Loans Not Available Yet? Read More »