When you are buying a home it makes sense to get it checked out by a building inspector, but that can end up costing you quite a lot and that is where CheckedOut can help. CheckedOut act as an intermediary service, providing an independent verification process over building inspection reports, providing buyers with an assurance
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You may be wondering what the difference is between banks versus mortgage brokers, or mortgage advisers as we now refer to them in New Zealand. When looking for a good mortgage for your first home, or even the next home there are two main options: firstly going directly through a bank or secondly working with
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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 »
Every person is different, and yet the banks try to squeeze everyone in the same box. Mortgage advisers will look at what makes your situation personal to you, and find a box that can be shaped to suit. As the New Zealand lending market gets harder, people are choosing to use mortgage advisers before banks.
Mortgage Advisers Don’t Try To Put Everyone In The Same Box Read More »
I’ve been a mortgage adviser for over 25-years now and I often get asked what I love about the work, and the first thing that springs to mind is the satisfaction of helping first home buyers. First home buyers are new to the process of getting their “first” home, and in most cases have very
The Satisfaction That Advisers Get Helping First Home Buyers 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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Most people don’t know that when you use a Buy Now Pay Later payment arrangement you are given a credit limit, and that even after the debt is paid off your account remains active, and that credit limit is included in any future finance or home loan application. This is what we call a hidden
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If you are a first home buyer you may have heard people mention the LMI fee and wonder what is lenders mortgage insurance, and ask yourself why it is being added to the loan. Obviously you don’t really want the extra cost of the LMI fee, but on the other hand you do really want
What is Lenders’ Mortgage Insurance and Why Is It Used? Read More »
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 »