Archive | My Blog

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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Get Your Indoor Kitchen Composter

So we want to all do our bit to reduce waste and look after our environment, so why don’t we all get an indoor kitchen composter. Your indoor kitchen composting appliance turns your kitchen waste into compost in just three hours! You can buy yours online here. In as little as just three hours your
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ANZ Now Allow Low Equity Premiums To Be Added To Loans

ANZ Now Allow Low Equity Premiums To Be Added To Loans While most banks apply a low equity margin to home loans where the deposits are less than 20%, ANZ has charged low equity premiums which are a one-off fee rather than an ongoing margin added to the interest rate that you pay. One of
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Auckland Mortgage Broker Suggests Ten Tips For First Home Buyers

Auckland Mortgage Broker Suggests Ten Tips For First Home Buyers Stuart Wills, Auckland Mortgage Broker My name is Stuart Wills and as an Auckland mortgage broker I’ve seen first hand how difficult it is for first home buyers to get onto the property ladder. You would think that with low home loan interest rates it
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