Archive of: mortgage
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My bank doesn’t understand small business posted April 24, 2012
If you’re a small business owner you may have heard this one before. You may have even said it once or twice! A few weeks ago we workshopped a case with National Bank where the business owner was looking for a loan to ‘tidy up a few bills’ and to fund a little expansion plan [...]
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Mortgage advice posted December 14, 2011
Two interesting scenarios have come across our desks in the last 10 days and I hope they demonstrate to you why you would use the go2guys as your mortgage broker over the DIY approach. In the first case we suggested to a couple that they tidy up a handful of things (especially their account conduct) [...]
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2011 – get ready! posted May 15, 2011
In real estate there are only a handful of rules; one of them is that ‘well located and appropriately priced property always moves quickly’. And is it any wonder? Although most buyers would welcome a screaming bargain in reality ‘well located and appropriately priced’ is exactly the kind of thing you’re looking for. Trouble is [...]
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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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Make your tax cut work for you posted May 15, 2011
From the 1st of October every income earner in NZ gets a pay rise thanks to a reduction in tax rates. At the same time GST is on the increase but the government reckon the overall effect is that nearly everyone will have a few more dollars in their pocket each week. The table below [...]
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Spray ‘n’ Wipe, bleach and a financial spring clean posted May 15, 2011
On Sunday morning I nearly poisoned myself with spray n wipe and bleach. No, life is not that bad but with the first day of spring behind us I couldn’t stand the accumulating dust or the mould on the window sills any longer. I just snapped and had to clean it. My financial affairs came [...]
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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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Earthquake relief from a favourite lender posted May 15, 2011
This information bulletin came out today to assist home loan customers in the Canterbury region who are affected by the recent earthquake. Its great to see this sort of thing and frankly, its actions like this which encourage us to recommend Sovereign to our mortgage clients whenever and wherever it makes sense to do so. [...]
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Mortgage Round Up – Sept 2010 posted May 15, 2011
Do we do have momentum? There is no doubt that the economy is recovering, albeit slowly and on a slower basis than previous months. Yes it’s a bit patchy with uncertainty still holding us in check but this will be the pattern for the balance of the 2010. Economic Background New Zealand will always feel the [...]
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