It’s always been hard to buy your first home but many are working harder to make it a reality. So the question is how hard would you work? Would you work harder if it was the difference between being able to buy your first home or stay renting? Or would you wait and hope that […]
How Hard Would You Work To Buy Your First Home? Read More »
Of course everyone wants to know “how much can I borrow for a home loan?” but it’s not always easy to find out. You may have looked at the banks websites and tried one of the mortgage calculators so you have already worked out what you are comfortable with, and in your view you know
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In response to feedback received on its proposed policy for debt serviceability restrictions (DSRs) on residential mortgage lending, the Reserve Bank of New Zealand said it will design a framework for debt-to-income (DTI) restrictions. The Reserve Bank sought feedback in November 2021 on the merits and the potential design on a Debt to Income system which if
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As kids we loved to jump through hoops, but as new buyers it’s not much fun at all. New lending rules have created more hoops to jump through, cut off credit to borrowers who would have qualified only months ago, and generally shrunk the size of loans being approved. The key driving force that is
Mortgage Advisers Are Helping New Buyers Jump Through The Hoops Read More »
It’s been a long time since we’ve had to be concerns about inflation. In the past it’s been caused by people spending too much, which typically means the economy is booming. Normally that means wages have increased and keep pace with the price increases so people are not normally too concerned. Back in the 1970’s
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Buying your first home is not always that easy, so as a mortgage adviser I am sharing five tips to improve chances for first home buyers and enable them to buy a better home sooner. Let’s look first at the major challenges that first home buyers have, and then we will share some ideas that
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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 »