Its now even easier for First Time Buyers to get into the housing Market which will cost you much less than renting so what are you waiting for, just a 5% deposit is required. To get access to this type of loan you need what is called a “First Home Loan”. The criteria to be eligible for the First Home Loan and First Home Grant is as follows… Contributed to Kiwisaver for a minimum of 3 years continuously. Purchasing your first home. Have a single income of less than $95K per annum or combined family income of less than $150K per annum. Your 5% deposit which can made up from your kiwisav ..read more

Gosh hasn’t 2023 been a year…Bring on 2024 !!! Anyhow we got through it with record numbers of first home buyers getting keys to their new homes before Christmas so that been really really exciting and satisfying…what a great Christmas for them. I want to wish you all a very Merry Christmas and Happy New Year from the Team at Mortgage Group…roll on 2024…. IF YOU ARE IN THIS SITUATION OR KNOW OF SOMEONE THAT IS THEN THAT'S WHERE I COME IN, AS A REGISTERED FINANCIAL ADVISER I CAN ASSIST YOU FOR FREE, All you need to do is contact me Today, Mortgage Group “Simple Fast Approved ..read more

Get a bank pre-approval first 1.    NZ Election (11 days): With the New Zealand election just around the corner, it's essential to stay informed about potential changes in government policies that may impact the housing market. 2.    Christmas Day (79 days): Time to celebrate with family and friends. 3.    New Year's Day (85 days): The holiday season is fast approaching, bringing with it the usual hustle and bustle. Effective time management and preparation can help you reduce stress and enjoy the festivities. 4.    Interest Rates: K ..read more

Recent First Home Buyers getting the Keys…. Now is the perfect time for first-time home buyers to enter the property market. Recent changes offer significant benefits for those venturing into homeownership. Why rent when you can buy and take advantage of these opportunities? With relaxed loan-to-value ratio (LVR) restrictions, banks can now lend more generously to those with limited deposits, common for first-time buyers. This adjustment reduces the financial hurdle, enabling loans with just a 20% deposit. Furthermore, the eased Credit Contracts and Consumer Finance Act (CCCFA) introduces gre ..read more

Another happy buyer… The housing Market swings constantly and is rapidly swinging from a buyers’ market to a sellers’ market, which puts pressure on upwards prices. 1.       House prices have bottomed out and are showing signs of increase with recent sale prices, particularly in Canterbury. 2.       OCR has peaked so have Interest rates. 3.       Loan to Value Ratios have increased allowing more funds for lending from banks. 4.       Credit Contracts and Consumer Finance Ac ..read more

Another First Time Home Buyer In the evolving property market, recent developments point to a potential revival. The Reserve Bank's decision to ease LVR restrictions benefits first home buyers by allowing banks to lend 50% more to those with less than a 20% deposit. Investors also gain an increased loan-to-value ratio from 60% to 65%. The relaxation of CCCFA legislation offers banks greater lending flexibility. Moreover, select banks have lowered fixed-rate options, enhancing borrowing attractiveness. Promisingly, property prices are firming, with robust sales activity surpassing expectations ..read more

If you're a first-time home buyer, now is an excellent time to invest in your own property in Christchurch. An increased government support for first-time buyers have made it easier to secure a mortgage, while reduced competition in the housing market means first-time buyers have a better chance of finding a suitable property at a reasonable price. Additionally, as house prices are steadily increasing, investing in a property now could yield significant capital gains in the future, allowing first-time buyers to build their own home equity and achieve long-term financial stability. To make the ..read more

Interest Rate Drops Believe it or not but fixed term interest rates have fallen late last week and this week, all main banks have reduced their fixed term interest rates. So what does this mean? It means better affordability so what does this mean? House prices will start to increase as there will more competition, more people at open homes! Mortgage loan terms are generally as a rule of thumb in NZ 20 to 30 years….most people fix interest rates for for 2 or 3 years in NZ. In the USA you can actually fix your loan for up to 30 years. The point I am making is simple, yes interest rates are hig ..read more

Another happy first time home buyer! Falling house prices and rising interest rates are making home-buyers wary, but experts say that, if you can afford it, now is a great to buy and finance is easy to get... Prices have been declining for months now, with the Real Estate Institute's latest figures showing the national median was $825,000 in October, down 7.5% from the same time last year. That makes for cheaper options for home-buyers. 1. Lower prices mean more affordable options Prices were high before the pandemic, and over the 2020 to 2021 boom, it is estimated they climbed by about ..read more

Gosh hasn’t 2022 been a year…Bring on 2023 !!! Anyhow we got through it with record numbers of first home buyers getting keys to their new homes before Christmas so that been really really exciting and satisfying…what a great Christmas for them. I want to wish you all a very Merry Christmas and Happy New Year from the Team at Mortgage Group…roll on 2023…. IF YOU ARE IN THIS SITUATION OR KNOW OF SOMEONE THAT IS THEN THAT'S WHERE I COME IN, AS A REGISTERED FINANCIAL ADVISER I CAN ASSIST YOU FOR FREE, All you need to do is contact me Today, Mortgage Group “Simple Fast Approved ..read more