Becoming mortgage-free is a significant life goal for many New Zealanders – and rightly so. With about 40 percent of new borrowers borrowing over five times their annual incomes, your home loan payments are probably […]
Read More about The power of $10
Applying for a first mortgage can be an exciting and stressful time. For most people, it’s the biggest debt they’ve ever had. If you, or someone you know, is about to go through this, here […]
Read More about Mistakes that can stop you getting a mortgage
This week brought more good news for borrowers, with some New Zealand banks recently cutting their mortgage servicing rates from between 0.5% to 0.8%. This means that actual servicing rates are now more aligned with […]
Read More about A little potential boost for the housing market
After years of shifting conditions, property investors are dipping their toes in the market – especially the ‘mum and dad’ investors. In July, according to CoreLogic’s data, mortgaged investors accounted for 25% of all property […]
Read More about Are property investors back?
Good news for first-home buyers: according to a new report from Moody’s Investors Service, low interest rates (coupled with slowing price growth and average salary increases) have improved housing affordability across the country. To be […]
Read More about NZ’s property affordability has improved
For the time, the RBNZ has released debt-to-income (DTI) data for new mortgage applications, showing the total borrower debt compared to borrower income. While there was no indication as to what a high DTI may […]
Read More about How big are Kiwis’ mortgages?
It has been an eventful week in New Zealand. In a surprise move, the Reserve Bank cut the Official Cash Rate down to just 1%. Forecasters were expecting a lesser .25 percent cut, but according […]
Read More about OCR down to 1% – Time to run the numbers again?
In what has been described by economists as a ‘stunning move,’ this month the RBNZ chose to slash the Official Cash Rate (OCR) from 1.5% to just 1% – despite commentators predicting it would be […]
Read More about What does another rate cut mean for borrowers?