4 Tips for Getting a Mortgage When you’re self employed TIP 2. Provide a Solid Outline of What Your Business Does It’s important for the bank to understand how your business operates and how you earn your revenue. They need to have...
4 Tips for Getting a Mortgage When you’re self employed TIP 1 – Prove your income when you’re self employed When you are self-employed we to need evidence that your business is running profitably and that you are drawing an income from the...
With New Zealand house prices going up by 24% last year, the Reserve Bank of New Zealand (RBNZ) has been accused of contributing to a widening gap between rich and poor as its ultra-loose monetary policy. In a recent article, Peter Harris, an external member of the...
When were looking at your mortgage affordability we need add in your credit card costs. All NZ banks have a minimum repayment of 3% of the balance. Clearly the banks are quite conservative and factor in the costs based on your cards limit. This is due to the...
This is a tricky question!! But basically speaking you want to always be offering what the market value is. This is also very relevant to how much deposit you have. If you have 20% deposit then you can offer up to your maximum which is calculated as follows (deposit...
This does however have a negative effect as the number of mortgage enquiries has significantly increased, we have plenty of capacity to look after you all however the banks turn around times for pre approvals is suffering due to the demand. If you are looking to make...
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