Is it now ‘business as usual’ in America for the ‘liar loans’ i.e. sub prime mortgages? These mortgages were responsible for the global financial crisis that crashed financial markets around the world and left thousands of people homeless and jobless in America and other countries.
Tag Archives | Mortgage Brokers
Homebuyers are getting a look in now property values have dropped in the Auckland region however shoring up the right loan is no easy task. It’s a minefield out there for home owners who need the right loan structure to benefit from the lower property values. Negotiating the ins and outs of a property mortgage takes time …
When borrowing from a Bank or non Bank lender, who receives the money? The answer is obvious – the Borrower does.
So as that’s the case, then the Lender (regardless of whether its a Bank or non Bank) has the risk and not the Borrower.Interestingly here in NZ many people think borrowing from a non Bank source can be risky.
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.
When it comes to getting a Mortgage, many people do just that. Why? Because they go direct to their own Bank and assume that the Bank will offer them the best deal, without checking what else is available.
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,
When renovating a property for an investment gain you need to consider many factors to ensure you will get a return on your investment. Some factors include choosing the right materials and how much renovation to do – will it be cosmetic or structural.
ANZ/NBNZ have announced a further credit policy change…….
Fantastic list of 10 Top Tips for Buy an Investment Property! Provided by PropertyTutors.com. The advice in the tips is from decades of experience making a living as a property investor.
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.
A big day for all of us in the financial services industry as the Financial Markets Authority and the new regulatory regime comes into force. So what are the basics to understand from the consumers point of view?
ASB announced this morning that they have extended their pre-approval time from 90 to a whopping 180 days.