Should you pay off debt first or save for a deposit?
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.
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Your next house: New or secondhand?
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 property or build new?
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Buying a house with a partner, friend or sibling?
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 points you need to consider beforehand.
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First-home buying—where do I start?
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!
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OCR slashed to 1.0%
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%.
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Home buying step-by-step
Embarking on your first home-buying journey is exciting but sometimes the logistics of where to start can be overwhelming. We’ve broken down the key steps you need to think about in your home-buying process.
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Banks keen on 95% LVR on KiwiBuild
The banks are starting to fall over themselves trying to entice potential KiwiBuild customers. One of our major partners are announcing they would consider a 5% deposit on a KiwiBuild.
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Parental help for first-home buyers
It’s pretty common these days for parents to help kids by way of guarantee, gift or interest-free loan (commonly known as an acknowledgement of debt), but it pays for parents...
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How’re your business financials looking?
Coming into September and October banks start to be less reliant on business financials from. 31 March 2017 as suitable proof of income.
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Official Cash Rate remains unchanged
The OCR (Official Cash Rate) remains unchanged and appears it could remain on hold for some time.
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