16 results in 0.0087 seconds.
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New CCCFA regulations
Just read through them and lost the will to live. I pity borrowers who don't tick all the boxes and please please stay away from 'buy now pay later' providers. It's hard enough already for first home buyers, these don't make it any easier. -
Are Lenders Failing To Do Due Diligence On Borrowers?
Hi All,
I think this is worthy of discussion. Here is s family that has a combined income of $8700 per month and repayments of $4000 (45.9%). Their lender says they can afford the repayments and they've not been given proof of hardship. Now the borrowers face mortgagee sale of their... -
PPOR - Heartland Bank, credit ratings, only Fitch BBB, what is worst case scenario?
Looking at some of the amazing rates out there at the moment, but also listening to all the talk about rates rising.
Heartland Bank are offering great deals, ie 1yr 1.85%, floating rate 1.95%.
They do not have a S&P rating, only a Fitch of BBB.
What is the...Last edited by OnTheMove; 30-05-2021, 09:34 PM. -
Debt to income just Property Investors
Reserve Bank Mr Orr says property investors may be debt to income tested as another mechanism to stop property price growth. (was on One News 6pm).
Would this be for existing loans that come off fixed terms as well as all new loans? Maybe interesting times ahead .
cheers ... -
Servicing criteria
As you move up the property ladder, the inevitable begins to happen, you get to 3,4 5 properties and soon servicing starts to become an issue, what are some of the best ways to keep going forward with lending so that the banks stamp approved on your mortgage applications. We have our properties in Auckland... -
Offset mortgages
Hi there,
Does anyone have their structure setup with an offset mortgage.
I have about 200k that i would like to use to offset against an LTC.
Kiwibank flatout refused stating that you could offset against an LTC whereas other banks seem to allow it but the offset... -
Midlands Mortgage Trust
This outfit is a first mortgage fund.
Anyone had experience with investing in them?
Good, bad or indifferent.
Given present mortgage rates, the returns seem to be very good.
Not quite in the too-good-to-be-true category yet, though.Last edited by Perry; 21-03-2019, 08:06 AM. -
Interest only to increase retirement cash-flow
Hi.
I'm sure there are many older investors out there in a similar situation to ourselves. My wife and I have been steady investors for 28 years and presently have 3 Wellington rentals with 80% equity plus and our brand new freehold home.
For health reasons we wish to... -
Mortgage - Switching bank from overseas
Hi Mates,
My fixed 1 year home loan with ANZ is expiring soon and I am thinking of renewing it for another 1 year. The current best rate is 3.95%, with the condition that my income is credited to my account with ANZ. However, I am overseas and my income does not go to NZ. How to overcome... -
Offsetting mortgage amount on own home into rental home
Hi Guys
I've read on numerous articles/website that suggests the best way to get the most of your negative geared rental property is put all your mortgage borrowing on your rental instead of your own home to maximize the amount you can claim back on the bank interest.
Ie if... -
Tenants Paying LL Mortgages?
13 June 2018
Is this happening in your area?
Or is it just you Jaffas up to this sort of caper?
Evil sods!
I hope the tenants concerned are lodging TT Kangaroo Kourt applications!... -
Mortgage adviser videos!
Hey team,
I've been a bit quiet on here for a while, but behind the scenes I've been working on plenty of videos.
Here's a few to whet the appetite.
Banker vs broker
https://www.facebook.com/chchmortgag...4542713021070/
Buying a home...Last edited by Perry; 06-06-2018, 10:47 AM. -
NZ Banks Cutting / Tweaking Fees
What's up with all this fee juggling going on?
Credit-Union Baywide
Kiwibank
BNZ
ANZ
What do you think is behind all the fuss?
Oh, banking gossip has it that trader dumbphones (aka smartphones) will become EFT-POS terminals in the not too distant... -
Do banks make mistakes on mortgage rates?
I am slightly concerned whether the mortgagee rates have been all calculated correctly after having experienced with our bank manager making mistakes, e.g. wrong rates, wrong interest payment terms, wrong deduction accounts etc.. No apologies offered.
Has your bank made a mistake on mortgage... -
Do we have to pay a Mortgage Broker due to refund of commission?
Hi everyone, We recently moved our loan else where and were told by the mortgage broker that he had to refund his commission because we didn't stay on for a certain duration.
Our current term loan ended and we managed to get another bank with better rates so we moved it. I'm wondering...