Today, the Reserve Bank Governor, Alan Bollard, has held the official cash rate at 2.5%. In an announcement he said that while economic activity was showing signs of stabilising, the high New Zealand dollar was helping to keep the economy weak.
Source - Good Returns.
Over recent weeks we have continued to see many lenders publically stating that there is very little room for further interest rate cuts. As the marketplace has become aware, credit policy has again remained very conservative but at Wairarapa Home Loans we have begun to see signs of flexibility for certain types of applications.
First Home Buyers may not necessarily have to have the full 20% deposit and there are signs of higher lending limits for standalone residential properties. In all these instances it is critical for the application to be presented to the lender in the best possible way.
At Wairarapa Home Loans we pride ourselves on getting a full understanding of the borrowers needs and ensuring all supporting documentation is included in the application. If you, or anyone you know, is looking to borrow funds, please remember to refer them to us.
If you need to refinance then please come and speak to the team at Wairarapa Home Loans.
We have competitive interest rates and are able to discuss the full range of lenders and options that will suit your needs. Alternatively let us know if your fixed rate is due to expire soon and we can provide you with the best options to refix your loans.
Please call us today at Wairarapa Home Loans for a no obligation discussion - and remember, you can come to us, or our mobile service can come to you.
When you have a mortgage or are buying your first home it is very important to get qualified advice on making sure you protect your house and contents, as well as your ability to meet mortgage payments.
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 Wairarapa Home Loans and we can arrange for someone to meet with you to discuss your cover.