Category Archives: Banking
Getting a pre-approval
Are you considering purchasing a property with a deadline sale (tender, deadline, auction)? If so, it’s important to get your loan pre-approved ahead of time, so you can offer with confidence. This is where Bricks & Mortgages comes in. They’ve been helping Kiwi’s for 20 years and counting, and you could be next. So what…
How to save for a first home deposit
So you’ve decided to finally take the plunge and start saving for a deposit to buy your first home? Here’s a few handy tips to get you started. Saved for a holiday before? Or a car? What about TV or computer? The good news is that saving for a house deposit isn’t too dissimilar. It’s…
Is your coffee habit adding years to your mortgage pain?
Is your coffee habit adding years to your mortgage pain? It’s smooth, it’s delectable, and it might just be adding years to your mortgage. The culprit? Your daily cup of joe. A morning coffee has long been a ritual for many Kiwi’s – a ritual that used to take place over breakfast in the comfort…
Secrets to Successful Refinancing
Unsatisfied with your rates or seeking better customer service? You’re not alone. There are always plenty of borrowers looking for a better deal. But while it might look like a good idea on quick glance, refinancing has its hazards and needs to be considered carefully before going forward. Refinancing may be a necessary tool for…
5 Steps for a Mid-Year Money Checkup
We’re halfway through the year. Are you halfway through your financial New Year’s resolutions? I thought I was, but after a quick check on my money I’ve been proved wrong. I’ve got some catching up to do before I can meet my financial goals by the end of the year. If you do too, we…
To consolidate or not to consolidate?
Everyone knows that credit card debt is “bad” debt due to the high interest rates on most consumer credit cards. And also due to the fact that most items that relate to credit card or consumer debt depreciate or loose value very fast as opposed to your home mortgage which is for an asset that in most…
Reserve bank’s announcement 19/07/2016
40 deposit restrictions for investors & further restrictions for first home buyers proposed by RBNZ The proposed changes announced on Tuesday has said no more than 5 percent of bank lending to residential property investors across New Zealand would be permitted with an LVR of greater than 60 percent. This will not only affect investment…