Buying your first home is an exciting milestone, but navigating the world of home loans can feel very overwhelming. With so many terms, lenders, regulations, and options to consider, it’s easy to get lost along the way. In this article we break down the essentials so you can feel confident about securing the right loan and making your dream of homeownership a reality.
Buying property is a great way to begin to build wealth for you and your family, but depending on your financial situation, equity position, and the banks tightening their debt-to-income ratios, it may be a “no” from the banks when it comes to lending.
For the first time in years, it’s a buyer's market in New Zealand and it’s never been a better time to buy for first home buyers. Yes, interest rates are still high, but house prices are the lowest they’ve been in years; still sitting at around 16% lower than when prices peaked in November 2021. Although the market is tough out there, sellers are motivated to sell, making it a great time for first home buyers (that’s you) looking to get a good deal on your first home.
When you’ve just acquired an investment property, there are a couple of decisions you need to make. One is whether or not you’re going to go with a property manager or whether you’ll manage this yourself. For those of you who are thinking – “why don’t I just manage this property myself? It’ll save me money as opposed to working with a property manager, and it sounds relatively straightforward” approach with caution - there can be many hidden risks that you’ll uncover along the way, which may cost you thousands.
In this article, we’re going to break down our top 9 straightforward, easy to implement strategies that can boost your chances in the competitive world of property tenders.
