Tag Archives | Mortgage Broker

How Low Can Mortgage Rates Go?

News of lower wholesale interest rates suggests we may be in for another round of super low home loan interest rates as early as next week. A news item on interest.co.nz provides examples of the correlation between swap rates and the mortgage rates with one example being SBS Bank’s one year rate as it was back in November 2015.

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RBNZ Property Investor Rule Changes Deferred

Many of you may be aware that the Reserve Bank has been planning to introduce a new rule that would immediately impact on property investors with five or more properties with one Bank. The rule instructs banks to classify clients with more than five properties as a ‘business’. These clients are currently assessed under the […]

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Lending Above 80 Percent Will Become Easier

In October 2013 the new RBNZ LVR restrictions took effect. Lending above the eighty percent threshold dropped dramatically and as it turned out the banks wrote a lot less than they were entitled to during the first three months. The new rule allows banks to lend up to ten percent of their new loans book […]

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Introducing Brian Rist

Bryan was one of my main business banking contacts at ANZ who many of my existing clients will already know. Unlike most bankers he always would look to try and find a way to make a deal work and assisted me in getting some deals across the line which were too complicated for other bankers.

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Have you assessed your mortgage rates?

Almost unanimously across the board economists agree that the OCR will be increasing from its current position of 2.5% to 2.75% on Thursday. This means that floating rates and revolving credit facilities are likely to go up by roughly the same amount. There may not initially be much change to the fixed rates as the […]

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Fix or Float Ask Kris Pedersen

The RBNZ’s Lending restrictions have hit the market with less property sales last month than October 2012.   However the real impact of the restrictions may not be fully realised for another six months.   A month earlier (September) was a bumper month for sales as many purchasers rush to secure their property.

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New Funding Rules Apply Today

It’s 1 October 2013 and the new funding rules are in force – did you notice? As many of us know the new rules hit a lot of pre-approved loans prior to today when ASB Bank recently cancelled  pre approved loans that did not meet the new lending criteria.

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Property Investors download One Bank Trap

Property Investors have you downloaded my Mortgage Structuring eBook? The One Bank Trap is a free e-Book providing valuable commentary on how property investors can avoid the one bank trap by structuring their mortgages effectively.   This commentary is ideal for property investors growing their portfolios and dealing with the associated challenges

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Ongoing Referrals Key To Kris Pedersen’s Success

Kris Pedersen of Kris Pedersen Mortgages agrees that mortgage brokers like other services businesses in New Zealand need ongoing referrals to be really successful in the mortgage brokering business. Providing a superb service every time is vital for a mortgage broker.  With experience and a good network of satisfied clients.

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