Archive | My Blog

Co-Ownership Helps First Home Owners Get A Foot On The Property Ladder

Co-Ownership Helps First Home Owners Get A Foot On The Property Ladder First home buyers have struggled for years to get onto the property ladder, but now with co-ownership there is another way. Over the years in New Zealand parents have helped their children to buy their first homes, but there are many people that
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How To Save $50,000 When You Refix A Home Loan

How To Save ,000 When You Refix A Home Loan Today we arranged to refix a home loan and managed to also show Stephanie how she could save $50,000 How Simple Is This… Stephanie had a home loan of about $360,000 and was paying $1,975 monthly. The loan was at an interest rate of 4.55%
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Some Relief Ahead With LVR Restrictions Removed

Some Relief Ahead With LVR Restrictions Removed So many people will ask what ot means to have the LVR restrictions removed…  and given the current economic environment it’s a very good question. So what does it really mean?   [this aritical to be finished – check in tomorrow] The post Some Relief Ahead With LVR
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Are The LVR Restrictions About To Be Removed?

Are The LVR Restrictions About To Be Removed? Today it has been reported that the Reserve Bank is proposing the removal of mortgage loan-to-value ratio or LVR restrictions. The proposal is in response to the economic downturn caused by the COVID-19 pandemic. The announcement states: “If the decision is made to remove the restrictions, the
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Lenders Main Focus Now Is Your Income

Lenders Main Focus Now Is Your Income The banks and lenders are concerned about stability or employment and income with impacts from COVID-19 and now lenders main focus is income and stability of that income. The lenders servicing tests have become even tougher during the Covid-19 crisis, with banks and then non-bank lenders testing borrowers
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Are You Planning To Sell A Property Soon?

Are You Planning To Sell A Property Soon? We know that some people will be planning to sell a property soon, and unfortunately some people may be forced to sell. The problem with the market is that during the COVID-19 lock-down it is very difficult to list or sell your property. While we can do
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Mortgage Holidays: Questions You NEED To Ask Your Bank

Mortgage Holidays: Questions You NEED To Ask Your Bank It’s great that the banks are offering some options to people with mortgages, but some of the important detail within the COVID-19 financial support packages has not yet been made available. As mortgage advisers that makes it very difficult to offer advice, and as a person
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Three Good Alternatives To Taking A Mortgage Holiday

Three Good Alternatives To Taking A Mortgage Holiday For most people there are good alternatives to taking a mortgage holiday. A mortgage holiday eases the immediate financial burden of having a mortgage … that’s it. It is not a “gift” from the Government or from your bank. It’s costing the Government nothing and your bank
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Understanding How Mortgage Holidays Work

Understanding How Mortgage Holidays Work In times of crisis a mortgage holiday seems like a great idea. The Government have announced that the banks will be offering a 6-month mortgage holiday to home owners to help them survive financially through the COVID-19 crisis and it was received well by the public.Of course, for many families
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Managing Your Home Loan Through COVID-19 Lock-Down

Managing Your Home Loan Through COVID-19 Lock-Down With COVID-19 we are living in times that are nothing like “normal” and we are all having to adapt. One of the largest concerns for many families is the financial impact of not being able to work, and the implications of paying the mortgage and other loans. Managing
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