A mortgage broker is advising people to hedge their bets as uncertainty continues over upcoming Official Cash Rate announcements.
Centrix is hoping the Reserve Bank will make more cuts, as its latest Credit Indicator report shows almost half a million New Zealanders are behind on repayments, with consumer arrears levels up 1.3%.
Key Mortgages' Jeremy Andrews told Andrew Dickens people shouldn't necessarily hope rates will drop.
He suggests fixing loans midterm, adding he's never seen so many people with floating rates.
The next OCR announcement is due in a fortnight on February 19.
Key Mortgages shares details with Good Returns how expanded low-deposit lending options may help eligible first home buyers enter the market sooner and with better pricing
As featured in Stuff, buying property with friends or family can improve affordability, but clear agreements and proper structure are essential.
Banks and Mortgages advisers discuss with New Zealand Herald, why home loan approvals may take longer as lenders apply more detailed affordability checks and tighter financial assessments.
In our recent discussion with Radio New Zealand, we shared that age alone doesn't prevent home loan approval, but lenders carefully assess retirement income and long-term repayment plans.
Key Mortgages has been committed to supporting clients for nearly a decade, offering ongoing advice and tailored solutions without extra fees, even as industry changes occur.
Jeremy from Key Mortgages shares experiences of fixing in high rates long term and using break fee benefit calculator. One couple’s complaint over costly break fees after fixing five-year mortgage at 6.29%–6.66% rejected.
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