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Type: Posts; User: brokerman

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  1. Replies
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    294

    Agree with the above, there is a lot of hype...

    Agree with the above, there is a lot of hype around 'one bank trap'. If your bank allows you to do what you want to do and it works then go for it.
  2. This is the major difference between Resimac and...

    This is the major difference between Resimac and a bank. Kiwis and Aussies in Australia get to 80% and Australian income counted. Outside of Australia, 70% and as long as income verified no drama....
  3. Thread: Lending

    by brokerman
    Replies
    16
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    885

    You have two options here. 1. Use your current...

    You have two options here.

    1. Use your current bank to raise the deposit on your o/occ and then use Resimac to 80% on the rental or


    2. Resimac will go to 80% on both if that makes the numbers...
  4. Resimac are bloody awesome! 80% LVR investment...

    Resimac are bloody awesome!
    80% LVR investment at under 4% even for Kiwi's and Aussies living in Australia buying here in New Zealand. We are their top introducer in New Zealand and have been for 8...
  5. Thread: Lending

    by brokerman
    Replies
    16
    Views
    885

    Resimac are the best 'all status' lender in NZ....

    Resimac are the best 'all status' lender in NZ. 80% for standalone investment is a key product, under 4% too!
  6. Thread: Lending

    by brokerman
    Replies
    16
    Views
    885

    All banks use servicing rates of 6.65% or more....

    All banks use servicing rates of 6.65% or more. We use a 6% rate with a non bank lender at pretty much bank lending rates. They will also lend to 80% on a standalone investment property which most...
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    Unless you want to be in the dark, same day.

    Unless you want to be in the dark, same day.
  8. Replies
    5
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    476

    I agree, the banks will be cautious and lending...

    I agree, the banks will be cautious and lending multiples over 80% will be tighter than below. Each lender different and by quite a margin.
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    476

    As the RB do not lend money directly, good luck!!

    As the RB do not lend money directly, good luck!!
  10. Replies
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    476

    My take on removal of LVR restrictions

    Background

    In 2013 the Reserve Bank introduced LVR restrictions to curb a potential overheating of the property market. As a rule, owner occupiers needed a 20% deposit and investors 40%, later...
  11. As a Jeff do I get a discount?!

    As a Jeff do I get a discount?!
  12. Replies
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    1,203

    Good post and I agree, there needs to be a grater...

    Good post and I agree, there needs to be a grater balance out there. Crazy that Countdown can sell wine but the local small business can't....for example!
  13. As far as I understand it it covers all...

    As far as I understand it it covers all residential mortgages.
  14. Hi Donna, yes these are covered as treated the...

    Hi Donna, yes these are covered as treated the same as an interest only loan.
  15. Mortgage holiday, sorry, deferment!

    Mortgage Holidays very much top of the news at present, or shall we call it by its real name, mortgage deferment.

    This should be a last resort as the interest not paid now will be added to the...
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    645

    I would have to say yes, Auckland is on the up...

    I would have to say yes, Auckland is on the up again.
  17. Replies
    34
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    2,981

    Only inf the buyer is in a position to perform...

    Only inf the buyer is in a position to perform unconditionally and that's the whole point, any are not
  18. Replies
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    2,981

    Having bought two properties in recent years at...

    Having bought two properties in recent years at Auction can definitely say they favour the well positioned buyer and not the seller. It is estimated that 80% of potential buyers either cannot or will...
  19. Replies
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    645

    These guys get my vote. ...

    These guys get my vote. https://www.ifindproperty.co.nz/

    Good luck and if you need financial assistance let me know!
  20. Hiya, don't worry about commissions as all banks...

    Hiya, don't worry about commissions as all banks pretty much pay the same! Structure is really important and a good broker can guide you based on your situation and goals. No one size fits all. A...
  21. Replies
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    2,981

    Agents using Auctions to first home buyers should...

    Agents using Auctions to first home buyers should be banned. These are a vulnerable group and to get to a position to bid many need their own LIM (not vendor supplied) building report (which Agents...
  22. Replies
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    462

    Highly unlikely you can use Kiwisaver as it's not...

    Highly unlikely you can use Kiwisaver as it's not your first property purchase, best check with your provider. Maximum LVR would be 80% with a bank and perhaps 90% with a non bank lender, dependent...
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    462

    If you mean LVR then banks 80% and non bank...

    If you mean LVR then banks 80% and non bank possibly 90% if they have the funds. All down to servicing etc etc. Hope that helps.
  24. Replies
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    Not really. I mentioned the childish outdated and...

    Not really. I mentioned the childish outdated and selfish opinions about a product of which I earn next to nothing and know quite a lot about. Wind your necks in people, you may be the next in line!...
  25. Replies
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    1,443

    B*llocks! My advice always has been and always...

    B*llocks! My advice always has been and always will be tailored to an individuals needs and wants. Not to bar room lawyers who speak with no authority.
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