Tag Archives | Mortgage Brokers

Kiwi News for November 2013

Interest Rate Outlook – It is far too early to tell the impact the Reserve Bank’s lending restrictions have had on our market but our “gut” suggests that new lending and therefore activity has taken quite a hit in October, however it will take a full 6 months before the true impact is known.

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Choose a Qualifed Adviser

Westpac have entered the Welcome Home Loan (WHL) market, the first of the majors to do so. As we come out of recession and the Banks gain more confidence in the property sector others should follow. Housing New Zealand have the final say with any WHL, so it doesn’t matter which Bank provides the funds,

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What is a Deposit Bond

A Deposit Bond is a guarantee of payment and these Bonds are underwritten by insurance organizations. A deposit bond can be used instead of cash when settling a property, normally once a contract to purchase is signed a 10% cash deposit is made by the purchaser, the deposit bond is a substitute for the cash.

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