1st time user and looking for advice!
Rental property - mortgage $240000 (rent $350 per week)
city apartment (holiday home not rented) - mortgage $210000 (half owned with family)
we have just sold our family home which was mortgage free as we need to move towns for my...
105 results in 0.0099 seconds.
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Help with decision making please
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Mortgage pain for UK brorrowers
No downward movement for interest rates in the UK yet. 2024 - the year of pain for 800K borrowers.
https://www.bbc.co.uk/news/business-65925224... -
Loans - interest deductibility rules
Hi, I need to do considerable repairs of circa $100k to my investment property due to weather damage. I have to borrow to finance the repairs. As the loan is not being used to purchase the property itself, am I able to deduct the interest for the new lending to pay for the repairs? Likewise if I... -
Building supplies back to pre-covid levels
Hi All,
The good news is that if you're building new, it takes less time. Building supplies levels are back to where they should be, however, don't expect a rollback of prices, there may be some decreases, to come but remember how much they've gone up.
Did you know it's more... -
Mortgage with broker or direct with bank?
Getting a mortgage through a broker or directly with the bank. Which is better? All thing being equal which us the better option? is there anything to look out for?
I had to use the motgage broker to get me a better rate than the bank could and they did. But the best the bank could do is... -
Why NZ needs the 30 year fixed mortgage now
Hi Pters,
Who here has a 30-year fixed-rate mortgage? My guess is none of you. Why? Well, unless you own property in the USA you can not get a 30 year fixed rate mortgage.
USA house prices have declined but not as much as in other countries due to the long-term fixed rate mortgage... -
Paying off a mortgage on a rental, then reborrowing down the track
Afternoon all, if you pay off a loan on a rental property (with savings / proceeds from the sale of PPOR) can you later re-borrow money against said rental property and it still be deductable?
FYI, the rental is fully deductable at the moment due to it being less than 2 years old.
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Loan Application Fee Tax Deductible?
Hi all,
We recently got some lending from a second tier lender. They charged a 1% fee for the privilege (as if a 9% interest rate wasn't enough!). This ends up being non-trivial amount of money. My questions are: 1) is this tax deductible? (100% of the lending is for a new build investment property)... -
Signs of recession
Thought this was interesting and worth watching.
400K Kiwis in credit repayments arrears. Personal loans and credit cards are the first to be hit with defaults. Car loans next and then mortgages.
5.3 % increase in car loan repayments defaults since 2020.
New... -
Refinance only Allowed upon CCC?
Hello everyone
I was wondering if someone could tell me if I am able to refinance from a floating loan to fixed residential loan for more than 4 units that have been built. The floating interest rate currently is killing me. Construction has finished and final drawdown is about to happen.... -
ASB Bank Better Home Top Up
Great to see ASB Bank coming up with incentives for people to make upgrades, that are better for the environment or better for their health!
Under the ASB Better Homes Top Up scheme, you could be eligible to borrow up to $80,000 at 1.00% p.a fixed for 3 years to make improvements related... -
Property investment dilemma
Hi PT - Would like some advise if possible please. I would like to use some inheritance money to buy an investment property with my son. However they will need to borrow money from the bank to finance the rest of the property funds. They will be using the equity in their existing property to take this... -
Company hiring a Property Manager
Hey All
I have a rental property and I would like to make it part of a company (yet to be created) (let's call it A Ltd) that will pay me the profits (as dividends I guess) when I see fit throughout the year (taxed).
I have a property manager to manage the property and understand... -
Heartland Bank - mortgages
Hi everyone,
Keen to know if you’ve had a mortgage with Heartland bank and what was your experience?
There rates are much lower than the big banks.
I have a loan coming off fixed and need to look around for best deal.
cheers
Donna
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Residential Lending and Business Income
I have a franchise business that we purchased a couple of years ago that just finished its second year of trading with us as the owners and the seventh year operating in total. We are looking at buying a house which the bank will lend to us based on our trading performance. Six months to a year after...