Archive | My Blog

Paying Westpac Break Fees To Get Lower Home Loan Rates

Paying Westpac Break Fees To Get Lower Home Loan Rates Today we were contacted by Chris who has a Westpac mortgage with a loan balance of $979,815 The interest rate they were paying today was 4.80% and it is fixed until 24/10/2019 (6-months remaining) but Chris wanted to know if it was worth paying a break
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Sometimes We All Might Need Advice – Do You?

Sometimes We All Might Need Advice – Do You? Kiwi’s typically have a “can do” attitude and tend to think they do not need advice so don’t  ask for help. Interestingly most people will ask for advise at times, or give advice and not even think about it; You ask a friend for a recipe
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Good News For First Home Buyers As Economy Stalls

Good News For First Home Buyers As Economy Stalls Today the Reserve Bank announced no change to the official cash rate (OCR) leaving it on hold at 1.75% but the comments and then reaction was more telling… Has The NZ Economy Stalled? Since the last election there have been concerns with how the economy is
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New Zealand Banks Are Not All The Same

In New Zealand we have a number of banks and when you see them all advertising they all look much the same. They all say they will provide home loans with similar deposits and similar interest rates. They all seem similar and are even have their bank branches located next to each other. But if
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Local Mortgage Brokers Work Around The World

Local Mortgage Brokers Work Around The World It seems obvious that if you want to speak to a banker you would go to your local branch, or if you want to speak to a mortgage broker then you would look for a local mortgage broker; however that is not always possible and not always the
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Mortgage Brokers Keep Banks Honest & Competitive

Mortgage Brokers Keep Banks Honest & Competitive Some people will always get their mortgage broker to negotiate rates and refix their loans while others will deal directly with the bank. In many cases the banks want people to deal direct and actively promote this. They have even set up automated processes so you can refix
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Interesting Free New Zealand Mortgage Blogs

Interesting Free New Zealand Mortgage Blogs You can Google almost any topic these days and get a variety of websites and blogs that contain information; however if you are looking for New Zealand mortgage blogs then we can list a few that are used for researching. Here are five finance blogs worth looking at; Mortgage
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Why You Cannot Always Rely On Pre-Approvals From Banks

Why You Cannot Always Rely On Pre-Approvals From Banks It is common for people to phone their banks to check what they can borrow (to get pre-approvals) and while this may seem like the right thing to do this can also result in problems for you. The Key Problem With Over The Phone Pre-Approvals You
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Why You Should Consider TSB Bank For Low Deposit Lending

Why You Should Consider TSB Bank For Low Deposit Lending For anyone either buying an existing property or building a new home with less than 20% deposit then deciding on which will be the best bank is not always an easy task. In most cases people are happy just to get an approval, so do
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The Housing Market – They Say Its A Buyers Market

The Housing Market – They Say Its A Buyers Market As we draw closer to the end of 2018 we look at the housing market and how it has performed during the year, but more importantly how it might perform over the year ahead. Supply Issues With Housing For the past few years there has
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