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Debt is a bigger obstacle to first home ownership than housing supply

Auckland........ New Zealand........ Mortgage Brokers ........March 2018........ ........ndash........ If you want to buy your own home........ get rid of your debt. In fact........ make it a priority over saving for a house deposit. I
Why getting rid of debt should be a priority over saving for a house deposit in New Zealand's – particularly Auckland's – current climate. http://www.loanplan.co.nz/about-us/blog/debt-is-a-bigger-obstacle-to-first-home-ownership-than-housing-supply/

First home mortgage? Here are 3 strategies to help get you into your first home

Auckland........ North Shore........ Mortgages ........mdash........ Kiwis on low or........ importantly........ fixed incomes........ may be able take advantage of three Government schemes to help get them into their first
Three New Zealand Government schemes that, when combined, could help get you into your first home. http://www.loanplan.co.nz/about-us/blog/first-home-mortgage-here-are-3-strategies-to-help-get-you-into-your-first-home/

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Our Latest Blog Posts

Aug
01
If you’re looking to purchase a home or investment property, you might wonder ‘why should I use a mortgage broker?’ or even ‘what does a mortgage broker do?’
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Mar
27
Why getting rid of debt should be a priority over saving for a house deposit in New Zealand's – particularly Auckland's – current climate.
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Jun
15
Auckland’s changing social dynamic is reflected in the co-operative approach many families and first home buyers are taking when applying for mortgage finance, but the banks – caught between a rock and a hard place by many factors outside their control – are shifting the goal posts.
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Dec
09
2 comments
While your house may be worth a fortune, it’s now harder than ever to convert property assets into cash because New Zealand’s major banks are assessing mortgage and loan applications against income over equity.
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Oct
10
Not only do New Zealand mum and pop investors have to come up with 40 per cent equity to buy an investment property, now the banks are charging them higher margins on their interest rates too.
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Jul
27
New Zealanders continue to top up their mortgages at a steady clip, but more and more home owners are discovering that the equity in their homes is no longer enough for bank approval
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