Buying a home is a big deal—whether you're dreaming of a hassle-free, move-in-ready space or itching to design your perfect place from the ground up. That’s where turnkey properties and house & land packages come in!
Are you dreaming of buying your first home in New Zealand by 2025? It's an exciting goal that requires careful financial planning and smart decision-making. In this article, we will walk you through 5 smart financial goals to help you achieve your dream of homeownership.
Property investment in New Zealand is becoming more attractive again due to recent changes to interest deductibility and the bright-line test.
Discover how an offset mortgage can help you reduce your interest costs, explore the benefits and drawbacks, and review the best offers from BNZ, Kiwibank, and Westpac.
Embarking on a borrowing journey, whether it's for a dream home, a thriving business, or personal ventures, is akin to navigating a complex maze. The secret lies in how you orchestrate your loan arrangement.
In an era marked by economic uncertainties and evolving financial landscapes, the Debt-to-Income Ratio (DTI) emerges as a critical navigational tool for individuals charting their financial course.
The OCR refers to the interest rate set by a country's central bank, such as the Reserve Bank of New Zealand or the Federal Reserve in the United States. It represents the rate at which these central banks lend or borrow money to or from commercial banks overnight.
Kiwibank has raised its home loan rates again this month, joining other major banks in doing so. They've increased rates on various fixed-term mortgages, meaning it'll cost more for people to borrow money for a home. For example, if you want to lock in a rate for 1 or 2 years, you'll now pay more interest than before. This isn't just happening at Kiwibank – other banks like BNZ and ANZ have also been increasing their rates over the past couple of months.
In this article, we will explore why saving up for a down payment is so important for first-time home buyers and provide practical tips on how to do it. We will discuss the benefits of a larger down payment, the various strategies you can use to save, and the potential challenges you might face along the way.
If you're considering the leap into New Zealand's property market, you're probably wondering about the ins and outs of securing a mortgage in this stunning part of the world. In this article, we'll provide you with a thorough understanding of how mortgages work in New Zealand, who's eligible for various types of loans, and the lowdown on interest rates and deposit requirements.
