Archive | My Blog

The Three Biggest Challenges For First Home Buyers

The Three Biggest Challenges For First Home Buyers The media are saying that the cooling property market is making it easier for first home buyers but it is still not easy. There are some major hurdles and as mortgage brokers we wanted to look at the three biggest challenges for first home buyers. Three Of
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Banks Perform Badly For Giving Financial Advice

Banks Perform Badly For Giving Financial Advice It’s not often that New Zealand banks get independently rated for customer satisfaction. Recently there has been a lot of publicity about the conduct and culture with the banks so it was good to see the research and ratings business Canstar come out this week with their 2019
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We Arrange Sensible Debt Consolidation Loans

We Arrange Sensible Debt Consolidation Loans Today we felt compelled to post about sensible debt consolidation loans. Why? Because today we were putting together a debt consolidation loan application and saw one of the highest interest rate charges that we have seen in a long time. Our client had a loan and was being charged
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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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