When you go through a breakup, you will find that it leads to a lot of upheaval in your life. You might have to move out of your family home, and you could find that you are back at square one when it comes to finding a place to buy. If your breakup or divorce […]
Buying a house today is a lot more difficult than it used to be. When you discover just how much of a deposit you need to stump up, it’s easy to see why the number of first time buyers has significantly dropped in recent years. The average deposit required is 20%, so you could end […]
If you are over 62 years of age and looking to release equity from your property a reverse mortgage is something worth investigating. A reverse mortgage is a loan for seniors that free up the equity in a property and converts it to cash. Once the equity has been freed. The loan becomes repayable at […]
So you’ve recently purchased your first property. You’d spent the past few years saving up a substantial deposit, had your mortgage application approved and found your perfect pad. It’s daunting when you pick up the keys, open up the door to your very own building of bricks and mortar and realise that you own this […]
When it comes to saving for your future, you’re often met with a range of different options, and you don’t always know which is right for you. Yes, you probably have your 401K ready for when you need it. But, that doesn’t have to be your only option. Sometimes, you’ll find that it won’t quite […]
Shopping for a home is never easy, but it’s not even fun when you don’t have good credit. Poor-credit homebuyers often must face the prospect of acquiring an unexciting home with an unaffordable mortgage — unless you know about Federal Housing Administration (FHA) loans. An FHA home loan is the answer to all your bad-credit, […]
The Reserve Bank of New Zealand has just released a consultation paper on debt to income (DTI) ratios and invites public submissions by 18 August 2017. It’s the next macroprudential policy measure under consideration by the RBNZ aimed at managing the housing market. The first one was the Loan to Value Ratio (LVR) restriction introduced in […]
How to get on the property ladder without a big deposit? It’s a question that’s perplexing a great many people these days and increasingly a concern of young people trying to take their first steps on the property ladder. However, there are still a few ways you can get on the property ladder, without a […]
If you own your house, you could potentially be sitting on a gold mine. The problem is that most homeowners are completely unaware of the financial power their home has. Instead, they just see it as a place to live, a roof over their head. In reality, your home could be a lot more than […]
Most people find themselves in unexpected financial situations where they worry they may not be able to make their mortgage payments on time. Perhaps a medical emergency has arisen, you’ve lost your job, or the interest rate on your home loan has increased beyond your means. It’s important to not panic and take the correct […]
