Archive of: deposit
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Kiwisaver as deposit for first home posted October 19, 2011
Lately, more and more clients have been approaching us hoping to use their Kiwisaver money as part or all of their deposit for a first home purchase. Which is really great to see. But often, they are confused as to what they can access. If you want to use Kiwisaver money as your deposit, there [...]
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The truth about low deposit mortgages posted May 15, 2011
You may have noticed that banks have become more flexible in their lending policies especially for borrowers whose deposit is less than 20%. In fact, you may have even seen some advertising on TV (Westpac) or on Facebook targeting first home buyers (ASB). While the banks are certainly lending to people with low deposits (thats [...]
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$18,000 house deposit – thanks Kiwisaver! posted May 15, 2011
I’ll cut straight to it – if you’re not in Kiwisaver yet (or an equivalent scheme), somethings wrong with you. Although thousands of people have signed up there is still a group of people who seem paranoid about getting into it. In terms of simplicity it’s a good scheme. That a heap of people who [...]
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100% mortgages coming back? posted May 15, 2011
Making headlines recently in Sydney’s Daily Telegrpah was an article on high LVR lending with bank and non-bank lenders alike reported to be getting more comfortable lending up to 100%. What? I hear you say. Isn’t this the sort of behaviour that got economies in the poo in the first place? Well, no, not really. Lending to [...]
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Waiting game not always a good idea posted May 15, 2011
It’s often said that taking a wait and see approach can mean you avoid the trap of doing something you’ll later regret. Just because someone says ‘now is the time to act’ doesn’t mean they’re right. Half the time they’re saying it simply because they see the opportunity to make a dollar off you rather [...]
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