Jeremy chats with Andrew from NewsTalk ZB about OCR drops affecting mortgage market, turnaround times, and increasing demand.
Westpac may cut trail commissions, risking ongoing client support and advice. Key Mortgages delivers 10 years of trusted, ongoing mortgage advice without extra fees.
Couple’s complaint over costly break fees after fixing five-year mortgage at 6.29%–6.66% rejected.
Key Mortgages suggests keeping up higher repayments following fixed mortgage rate to currently 4.49%. Repayments over a 20 year term are now similar to what peak market rates payments were over a 30-year loan term.
Jeremy chats with Andrew from NewsTalk ZB about OCR drops affecting mortgage market, turnaround times, and increasing demand.
Key Mortgages shares detail on how credit rating scores can impact your ability to borrow. Talk to us for more information on how to put your best foot forward with main banks
Kāinga Ora loan premium rises to 1.2% post July; Key Mortgages’ Jeremy Andrews says it’s still a good option for many first home buyers
Jeremy Andrews shares some tips and examples with RNZ where bad credit borrowers may still get loans with good explanations, equity, recent history.
Trump’s tariff war hit KiwiSaver balances, affecting first-home buyers' deposits, reports goodreturns.co.nz. Key Mortgages notes increased pressure on buyers and urges shifting to conservative funds and seeking advice to avoid further deposit setbacks amid Trump’s tariff war.
Good Returns and Key Mortgages feedback on turnaround times pushing out again with high application volumes and demand back in 2025
Interest.co.nz reports that Kiwibank, ANZ, and ASB have lowered mortgage test rates following the Reserve Bank's OCR cut, increasing borrowing capacity. Key Mortgages expand on the implications of this moving forward
NZ Herald reports fixed mortgage rates have dropped, but ASB warns long-term rates may stay steady or rise. Key Mortgages advises borrowers should weigh flexibility against rate certainty
Newstalk ZB interview with Key Mortgages advising caution as OCR uncertainty grows, advising midterm fixes amid rising arrears ahead of next Reserve Bank announcement
Key Mortgages feature with Scoop.co.nz - banks may accept fixed-term contracts case by case, considering industry, income stability, and equity. Redundancies are unlikely to hinder job prospects.
Second-tier lenders offer struggling homeowners an alternative, helping some avoid mortgagee sales. While rates are higher, flexible lending criteria provide short-term relief. From Scoop business
Using KiwiSaver as your deposit on your home, when this application should be processed and what happens if the sale doesn’t go ahead
Key Mortgages explanation of when regularly paying weekly rent, is that enough to prove to the bank that I can afford a mortgage at that repayment level?
Refix strategies and factors leading to quick U-turn in OCR reductions from earlier forecasts.
Key Mortgages shares some major changes of BNZ pricing model both for low deposit buyers and existing / strong equity mortgage holders.
First-home buyers generally need to be earning at least $100,000 per year to get into the housing market.
Mike Hosking discusses Reserve Bank's changes in near future with Key Mortgages
Squirrel Mortgages chief executive David Cunningham says mortgage holders need insurance to get a property, premiums are increasing dramatically in some places and in a minority of cases insurers won’t give coverage on properties at all.
BNZ is accepting home loan applications from borrowers with a deposit as low as 5% - but there are some catches.
Better discounts have been given to homeowners since the end of last year, says Jeremy Andrews, director and mortgage adviser at Key Mortgages, in an interview with The NZ Mortgage Magazine.
If you’re looking for a home loan this year, you may be able to get a better interest rate than you expect. Brokers said, while advertised home loan rates had not moved since a flurry of cuts pre-Christmas, banks were willing to negotiate and sometimes were offering significant reductions.
Jeremy Andrews shares some tips via stuff.co.nz on getting ready to buy your first home - if 2024 is the year you buy a house, you may be wondering where to start. You no doubt know the fundamentals – you’ll need to have some sort of deposit saved and will need to be able to show a track record of income
Some borrowers worried about increasing home loan interest rates are turning to competitor banks for cash when it’s time to refix. Mortgage advisers say most banks are still offering significant cashback deals as an incentive to get borrowers to give them their business.
A major bank has increased its test rate, which is the rate at which it checks that borrowers can afford a loan. ANZ has upped it to 9.1%. Key Mortgages mortgage broker Jeremy Andrews told Kate Hawkesby that it's the first bank to make such a move in decades.
According to The NZ Mortgage Magazine, home loan rates might be sitting at about 7% for a two-year fix at the country's big banks, but borrowers need to prove they can afford much more than that to secure a loan.
If you’re hoping to buy a first home soon, you may have your sights set on saving a 20% deposit. But with the national median first-home buyer price in September at $650,000 across the country, that’s not an insignificant amount of money to have to save.
Wallace Chapman, Jennie Moreton, and Martin Bosley discuss the opening of voting today and what political parties should consider regarding advance voting, on National Radio NZ.
Longer-term interest rates might look appealing from a price perspective, but people who lock in their mortgages for a long time could come to regret it, one economist is warning.
If you don’t like the home loan rate your bank offers you, you may be able to negotiate a discount, brokers say. Home loan rates have risen significantly from pandemic lows near 2% to more than 6.5% for one- and two-year fixes.
So, you want to get rich. Nothing unusual there, right? But if you’re a young person earning an average wage, you might wonder how you’ll ever achieve that goal, short of a Lotto win or a large inheritance.
As the housing market eases and the number of home loans being issued drops, banks are offering cash contributions, or gift offers for items such as TVs, on new mortgages to attract new customers.
.svg)
.svg)
