Home Loan Pre-Approval Letter of Offer
6 things you need to know about your mortgage pre-approval Letter of Offer.
6 things you need to know about your mortgage pre-approval Letter of Offer.
This situation arises in the aftermath of relationship changes, whether it’s between partners ending their joint lives, or simply friends or family who purchased a home and now seek to go their separate ways.
Contemplating our own mortality is never easy. However, preparing for the future can ease the uncertainty for our loved ones once we’re gone. Leaving this world without clear legal instructions regarding your finances and assets can place your family in a difficult situation.
New Zealand has experienced a surge of opportunity in recent years, as an abundance of newly constructed homes has emerged across the country. This bountiful supply of properties has not only made it easier for first home buyers but also captivated the attention of savvy investors. With a myriad of choices spread out before them, both groups find themselves amidst a housing market brimming with potential and possibilities.
Most New Zealanders are familiar with real estate agents as individuals responsible for selling properties – commonly known as listing agents. However, the services of a buyer’s agent remain relatively unfamiliar in New Zealand.
Are you grappling with mounting consumer debt? The decision to consolidate your debts can be a pivotal step towards regaining control over your financial situation. By combining your debts into a single manageable payment, debt consolidation offers a straightforward approach to debt management. In this blog, we will delve into the world of debt consolidation, examining the pros and cons, empowering you to make informed financial decisions.
A question you may have been wondering is ‘What’s the difference between a Mortgage Broker and a bank?’. In this article we outline the benefits and potential downsides of using a Broker versus going to the bank directly?
Falling house prices and rising interest rates have resulted in cautious homebuyers, but experts say that now is a good time to buy if you are looking for a home to live in for more than a few years.
You could move into your first home without a large deposit. You may qualify for a First Home Loan and be able to buy with only a 5% deposit.
How to make sense of the current property market and available incentives for first home buyers to help you into a home sooner plus 7 quick tips for first home buyers.
Refinancing your mortgage is the process of switching your mortgage to another bank or lender. Currently, banks are offering cashbacks of up to 1% of the loan amount – this is free money, paid into your bank account after you have signed the new loan documents, and is non-taxable.
6 things you need to know about your mortgage pre-approval Letter of Offer.
A will is one of life’s essential legal documents people need to consider. To protect your hard-earned assets and provide for loved ones, having a will gives you peace of mind. The law is inflexible about what happens to your possessions if you die without one.
The Reserve Bank (RBNZ) is overhauling the criteria for mortgage lending in New Zealand. It plans to put in place debt-to-income ratios (DTI) by the middle of 2024. The goal is to cut risks to financial stability, and support sustainable house price growth. Most banks have already rolled out the changes to Mortgage Brokers.
Associate Finance Minister David Seymour has announced the Coalition Government’s final plans they have been working since the election. He said in a statement this week (March 10th 2024). Landlords can claim 80% of their interest expenses from April 1, 2024. They can claim 100 percent from April 1, 2025, onwards.
KiwiSaver is a voluntary savings scheme in New Zealand. Individuals can use it to save for their retirement. If you have been contributing to KiwiSaver for at least three years, you may be eligible to withdraw your savings in certain circumstances. In this article, we will study the different ways you can withdraw your KiwiSaver.
Traditionally, in January, we look at our current position. We make big decisions about what to change in the upcoming year. Whether our goal was to lose weight, pay off the mortgage or increase our retirement savings unfortunately, we sometimes falter by February. There are strategies that actually work to enhance our chances of success.
Set yourself up for success, before you start shortlisting properties and planning what you’ll do with your quarter acre. Seek out experts and accept help. In fact, we're here to guide and plan your homeownership journey right from the moment you start your career! “When you align all actions to a single outcome, and you keep working at it, your success will look effortless and obvious to the outside.”
Whether you’ve just bought a new home or you’ve received a letter from your bank to fix or refix your mortgage, the question of whether to fix or float will inevitably arise. Making the right choice for your financial future is worth getting advice on.
Have you ever wondered about the role of non-bank lenders in the New Zealand lending market? Often overlooked in favour of traditional banks, non-bank lenders are an excellent alternative worth exploring. In this article, we'll delve into the intricacies of non-bank lending institutions, dispelling common misconceptions and shedding light on their vital role in New Zealand's home loan market.
Financial Planning combines a personalised financial plan, carefully engineered by a Financial Advisor, to illustrate the path towards earlier financial freedom. Our Financial Cashflow Modelling software maps your journey, spanning your life decisions all the way to age 100. Our plan will consider your wellbeing, ideal lifestyle, home life, family, business, work and long-term aspirations. This will give you the confidence needed to understand your financial situation and make the best decisions for tomorrow. Read on to see how we'll help you obtain financial freedom and peace of mind earlier.
Get our latest blog and up to date news on a monthly basis.
Mike Willoughby
mike@metafinancial.co.nz
Ph | 021 402 508
PO Box 38502,
Howick, Auckland 2145,
New Zealand
© Copyright 2023 Meta Financial Solutions Ltd. All rights reserved.
This calculator is intended as a guide only and is based on the Residential Owner Occupied rate. It is not intended to provide advice, and is not a quote or an offer of finance by any lender.