On a mortgage, a “priority amount” is the maximum sum a lender can claim from a borrower if they default, ensuring the lender’s security interest ranks above any subsequent lenders …
Are You Headed To A Mortgagee Sale?
Banks can be very friendly when things are going well, but they can turn on you quickly if you get behind in your repayments – if you get into mortgage …
The Less Known Rules For The First Home Loan Scheme
When you look at the Kāinga Ora website you will find the basic rules for the First Home Loan Scheme, but there are some less well known one’s that are …
What Lenders Look For In Your Bank Statements
Lenders are now looking at spending and bank statements in more detail when assessing people for a mortgage approval. Previously you would be asked what you spend and your mortgage …
Using Australian Super For Your House Deposit
Can you use your Australian super for your house deposit? As a mortgage adviser, it’s a question that pops up quite often. Obviously, a lot of Kiwis go across the …
Using KiwiSaver For Buying Your First Home
I get asked often if using KiwiSaver for buying your first home is possible. It is, but there appears to be some confusion about this and people are being given …