Kiwis love credit cards — on average over the last 12 months New Zealanders collectively owed more than $7 billion dollars in credit card debt, accruing interest at an average rate of 18%, according to Reserve Bank figures. We might love to use credit cards, but are we using them smartly? Or are we getting […]

We never expect the worst to happen, but if it does, having the right insurance in place can protect your home and family and enable you to maintain your quality of life. We always recommend you look at protecting your family, your income, and your assets. Your individual insurance needs will be personal to your […]

The Reserve Bank decision to hold the OCR at 1 percent has come as a surprise, as all the major banks were expecting a drop of 0.25 basis points. Even Westpac economists had reversed their earlier forecast, which was in contrast with their rival commentators. After a surprise cut in August of 0.50 percent, and […]

Have you seen your home equity grow over the last year or so? With property values increasing significantly and record low mortgage interest rates, now could be an ideal time to use your increased equity to buy a rental property. We often see customers who are in a position to invest in their first rental, […]

Looking to buy your first home? With lending criteria becoming increasingly stringent, it’s important to make your home loan application as competitive as possible. Having the least amount of debt possible is a way to increase your borrowing capacity. But when you’re also saving for a deposit at the same time, paying off your debt […]

Contemplating the purchase of a new house can be an exciting time. You consider where you might want to live, what kind of house you want, which features are must-haves and which are a little further down the priority list. But if you’re in the market for a new home, should you buy an existing […]

The current housing market and lending restrictions can make it very difficult to purchase a house on your own, particularly if you’re not a high income earner. A more affordable option can be to purchase as a couple or even with friends or family. If this is an option for you, there are some key […]

One of our most typical questions we get asked is “I want to buy my first home but don’t know where to begin”. It is a complex lending world, which is where our help comes in at Wellington Mortgage Brokers! The first thing we do is have a quick phone chat and with a few […]

The OCR has been slashed by 50 basis points today to a record low of 1%. The Reserve Bank has gone a step further than anticipated, with speculators estimating the new rate would be 1.25%. It was agreed by the bank’s Monetary Policy Committee that a lower OCR is necessary to continue to meet employment […]