Over recent weeks we have seen a continued fluctuation in interest rates with the signs of some easing of the longer term rates that have certainly been under some pressure over the last quarter of the year. A number of lenders have been increasing 3,4 and 5 year fixed rates and this has caused some concern for borrowers not wanting to take the risk of locking in on a short term rate. Even those looking at a Pre-Approval have been caught in the dilemna of how much to borrow verses the likely level of interest rates in a month or two's time.
As the number of properties on the market has meant that a level of competition is occuring, real estate agents are reporting an increasing number of groups through open homes. This will likely limit the reduction in prices that have occurred over the last year and earlier this year.
If you, or someone you know, are out and about looking for a home then it is important to remember to get that Pre-Approval completed and ready to go. This will limit the time it will take on getting a final finance approval that lets you go unconditional on your finance clause.
Talk to us now at The Home Loan Group (NZ) Ltd and ask about this Pre-Approval process.
Are you using a family trust as an ownership option for your family home. If so then the structure of your loan needs to be set up correctly. As part of our service we will work with your solicitor and ensure the loan is structured the correct way. This is especially so if rental properties are involved or revolving credit facilities are being used to pay family living costs.
Please call us to today at The Home Loan Group (NZ) Ltd to discuss your legal structure and we can review your lending for you.
No two borrowers needs or situations are ever exactly the same. That's why the team at The Home Loan Group (NZ) Ltd are always willing to work with you to tailor a home loan package which meets your specific needs and time frame.
So if you are thinking about:
- Purchase of a first or subsequent home
- Refinance of an existing debt
- Purchase of a residential investment property
- Building of a new home
We are the people to see. We are locally owned and operated, with a real comittment to our clients and the people of our region.
Please call us today at The Home Loan Group (NZ) Ltd and make a time for us to meet up with you, either at your home or place of work, or at our place. Whatever is best for you!
At The Home Loan Group (NZ) Ltd we have an experienced team of brokers who maximise the possibility of your home loan being approved. Our committment to you:
- All major home loan options in one location
- We are conveniently located, our hours are flexible, and we are always accessible by phone
- We can arrange your home loan, and if required organise registered valuations, property checks, and even recommend a real estate consultant or solicitor to assist you
- We can arrange a Pre-Approval before you buy
- We can advise on the amount you can borrow and suggest you best to structure your loan
Lastly, the team at The Home Loan Group (NZ) Ltd are fully accredited members of the NZMBA (New Zealand Mortgage Brokers Association) so you can be assured of dealing with someone who is committed to promoting professional standards and ethical behaviour in the mortgage broking industry.
When you have an existing home loan or are buying your first home it is very important to get qualified advice on making sure you protect your house and contents for fire or theft, as well as looking at things like protecting you income or your ability to meet mortgage payments. There are risk insurance products that can be put in place that can protect you and your family.
HLG Insurances Ltd are specialists in arranging suitable risk protection for you. They will provide you with:
1. a free risk assessment
2. quotes from suitable insurers
3. explanations of the different options
4. annual reviews as your circumstances change over time
So call us now at The Home Loan Group (NZ) Ltd and we can arrange for someone to meet with you to discuss your cover.