An easing of the CCCFA to qualify for a loan

[donna]

Soon Lenders won't need to know about your daily spending and variable expenses like Netflix subscription and gym membership. This will be a huge relief to home buyers and mortgage brokers.

Plus there may be more revisions too as the review into the CCCFA is ongoing.

Shame...

[Platinum Mortgages Broker]

WHAT DO LENDERS LOOK FOR IN A HOME LOAN APPLICATION?

What do lenders consider when assessing a home loan application?

When preparing to apply for a home loan, it can be helpful to think in terms of what the lenders will look for. You can then determine how your own situation...

[donna]

This is interesting - a couple sell their second home (an IP by accident) - hoping to use the profit to renovate their own home. Bank doesn't disclose that they will take half the profit and to reduce their own home loan. Mortgage broker says - don't worry - he's confident bank's move will be reversed...

[Rohb]

Hello Everyone ,

...

[brokerman]

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.

[donna]

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...

[OnTheMove]

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...

[donna]

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 ...

[Frezzinghot]

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...

[JohnDavis]

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...

[Perry]

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.

[Vision]

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...

[ammar]

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...

[Sifu]

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...

[Perry]

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!...