Category: Mortgage
KiwiSaver Withdrawal for buying into partner’s home
In New Zealand, using KiwiSaver funds to invest in your partner's property requires being a first-time homebuyer, meeting contribution criteria, and a [...]
Paydown mortgage or top up Kiwisaver?
Managing your finances effectively? With an extra $120 per fortnight, you have choices to consider. Boosting your mortgage repayments can accelerate t [...]
Some financial questions from a newish migrant
In general, anyone can buy homes in New Zealand to live in. However it might be difficult for you to get a loan while not being a resident, so check w [...]
Will banks consider my ‘Work Travelling Allowance’ for Mortgage affordability?
Explore the potential impact of using a work travel allowance for a mortgage. Learn about key considerations including income stability, tax implicati [...]
Will the deposit required increase if I sell and don’t repurchase a house for 5 years?
The down payment for a home purchase can vary based on factors like financial status and market conditions. Suppose house prices and/or interest rates [...]
Does changing mortgage provider have any effect to amortization?
Switching banks or mortgage providers during the life of your mortgage doesn't directly impact the overall amortization schedule of your loan. The amo [...]
Do I need a credit card history before buying a first home?
Looking to buy your first home? Discover the importance of a good credit rating, its impact on mortgage eligibility and interest rates. Learn how to b [...]
Price of a cross lease house vs same house freehold
As a rough indication, costs in 2023 are usually between $23,000 and $25,000 for a two-unit lot cross-lease conversion. However, the costs can vary, o [...]
Bigger deposit on a smaller house or visa versa?
Choosing between a smaller deposit on a cheaper property or a 5% deposit on a more expensive one involves assessing your budget, long-term goals, job [...]
Buying a House out of Fear – Don’t Know What to Do
Deciding to buy a home can be daunting. Consider market unpredictability, your financial stability, and responsibilities like maintenance and insuranc [...]