‘Mortgages’ Archives
New Homes Old Home Loans »
Over the years things have changed, technology has given us amazing gadgets to fill our homes with and advances in building materials, building techniques and therefor the types of homes we build. Home Loans on the other hand seem to have stayed in the dark ages. Banks know that the cost of homes has skyrocketed over the last 50 years yet they [...]
Is your fixed rate home loan due for review? »
When your home loan is up for review, it can be difficult to know what to do. We can help. We can discuss the options with you to help you decide which home loan structure is right for you. We provide this service absolutely free of charge and we can look at options across not only a whole range of products but also across a whole range of [...]
Case Studies »
I thought I would start posting some real life case studies here from plans I am creating. Obviously all no information will be provided that could identify a client. I will provide interesting facts which may cause folks to stop and think, things like the calculation of how much tax the client would pay between now and when they retire if [...]
Father And Daughter Lending »
One of our favorite funders was sent application from a father and daughter, to refinance and top up the mortgage on a home owned by the father (and to buy out his ex-wife's share). The father was on WINZ and needed his daughter's support for debt servicing to work. She was in stable employment on a good income. Both had clean credit and [...]
Great Lending News »
Over at our lending division we recently we met a couple purchasing their first home together. As a gift from the family the couple were able to purchase at an advantageous price. This did mean the purchase was a surprise however and so a deposit had not been saved and the young couple required 100% funding of the purchase price. (this was [...]
Some Mortgage Brokers May Need To Become Authorised »
Financial Adviser Code Committee Proposals & Roadshow - Some mortgage brokers may need to become authorised Proposed minimum standards of competence, knowledge and skills for authorised financial advisers (AFAs) were released last week. The Securities Commission and the Code Committee also conducted a consultative roadshow in the main [...]
Very Interesting Ruling »
In the Wednesday ruling, Justice Keith Long reaffirmed his March ruling that invalidated two Springfield foreclosures. After the mortgages had been spun through Wall Street and turned into exotic "mortgage backed securities," Long ruled, the foreclosing lenders, U.S. Bank and Wells Fargo, couldn't legally prove they actually owned the mortgages in [...]
General NZ Update »
This morning (9am on 25 September 2009) the money markets were at the following levels: Official cash rate 2.50% (unchanged) 90 day bill rate 2.78 (unchanged) 1 year swap rate 3.14 (up from 3.03) 3 year swap rate 4.73 (up from 4.63) 10 year bond rate 6.05 (up from 6.00) Kiwi dollar 0.7205 (up from [...]
Tips To Eliminate Debt »
Debt is an accepted part of life for property investors. It quite simply comes with the territory. Experienced investors recognise the difference between good debt (tax deductible) & bad debt (non-tax deductible used to acquire assets that don’t produce an income). Less well recognised is that there are good ways to pay down [...]
8 key lessons from the GFC »
by Gabriel Lacroix | Thursday, 17 September 2009 A year after US investment bank Lehman Brothers failed and set off the rollercoaster ride that became the Global Financial Crisis, the world has pulled back from the brink - but there are at least eight lessons investors must learn from it, according to AMP Capital Investors' Head of Investment [...]
