First home buyer or experienced residential or commercial property investor? We have experience, and specialise, in all of these areas and we love to talk..
Relying on the Finance Clause to renege on a deal? Things change this Friday
The key message from any property investor or experienced homeowner is that you always try and create value when you buy.
This week, the Housing Minister announced a number of changes to the government’s program to assist New Zealanders into home ownership.
The changes/tweaks in Monetary/Lending Policy via the Reserve Bank are having a mixed impact.
In recent weeks, banks have reduced their Servicing Test Rates resulting in more prospective borrowers being able to meet the criteria for borrowing than was possible in recent months/years gone by.
The focus on Landlords being bad and Tenants being good has continued in the same vein for the last few years.
The New Version (the previous guidance was retracted based on its contradictions and oversights) of The Landlord Guide on what information you (as a Landlord) can ask of your prospective and preferred tenants.
Coupled with the uncertainty, there are very different views between the Banks and RBNZ on what a reasonable level of reserves would be.
The point is, borrowers and lenders are not all the same – some people earn the exact same salary every week or month.
Different lenders have different categorizations of what is deemed a commercial property v standard residential and this can make a considerable difference to rates.
Mortgage Advisors work for their clients as their priority – we understand all the options for our clients – not just one.
Thanks to all of my clients for your support over the past years - I look forward to helping more first home buyers into an investment property.
Median Weekly Rent hit $525 per week (in April so is likely to be higher when we get May figures) which is around three-quarters of the median income.
With a $500,000 mortgage on a 25-year term, you could shave 5 or more years off your mortgage by just paying $100 per week extra.
Times are good? Job going well? Your house value has increased considerably? Want to ensure you don’t miss out on getting into the rental property market at today’s prices?
I can help you negotiate the best possible deal with your existing bank too – I’m ready when you’re ready.
Often, it’s smarter to break your fixed rate early and refix at a lower rate – often there is no cost to do this and even if there is, it can be worth paying the break fee to access the lower rate.
There’s a clear war of words in the media of late – it’s based on strong-held emotive feelings. Some of the sentiment is qualified and understands, from experience, both sides of the ledger. Most of it isn’t…
I’ve surprised some people this week with just how good our pulling power is….
