If LVR rules were restricting you, ie you didn’t have enough cash or equity to use for a deposit, you now have more options. Factors working in your favour right now if you are thinking about property investment: LVR restrictions
The Reserve Bank has recently removed LVR restrictions for 12 months, which they will review on 1 May 2021. LVR stands for loan to value ratio and it is the amount of lending you have secured against the value of
Should you panic? No, absolutely not. Panic means: sudden uncontrollable fear or anxiety, often causing wildly unthinking behaviour. At times like this, it is crucial to think before acting and prepare in a way that minimises your anxiety. Sometimes recessionary
What is it? You delay payments by a period of time and add these to your mortgage to be repaid at a later date. You effectively borrow money from the bank to pay for your upcoming payments. You make no
What is revolving credit? A revolving credit loan acts in a similar way to a large overdraft account. A revolving credit account is a current account that can be withdrawn without notice. This type of account caters to frequent deposits
#2 of a 3-part series about mortgage structures and how to restructure your mortgage. In a previous blog post we discussed how mortgages can seem complex but how with the right advice, they can be made simple to understand and
To climb the property ladder the first step is always the hardest. Most people buy their own homes first, but you can start with an investment property. This is often referred to as rentvesting (ie you’re renting the home you
#1 of a 3 part series about mortgage structures and how to restructure your mortgage. Mortgages can seem complex but with the right advice, they can be made simple to understand. There are two options you can consider: Reduce repayments:
Most of us can’t buy a property with a bag full of cash, you will need a deposit and a home loan, but how much of a deposit do you need? There is no hard and fast rule in terms
Homeowners take great joy in tracking the estimated value of their property on homes.co.nz, when you subtract the amount owing on your mortgage you get an idea of your equity position – this is critical if you are thinking of
You have gone to the bank to sort your pre-approval, researching properties online and visiting open homes in the weekends. You have soon realised that you need to change your expectations on the home you’re going to end up with,
