MortgageMe Hawke's Bay Blog

Dreaming of owning a home is something many of us want, but having a lot of personal debt can put a dent in those aspirations.

Riding the Interest Rate Wave: What's Happening Right Now!

So, it was hard to miss the news of National’s election victory but what does this political shake-up mean for the real estate market? Let's look into the details.

Got some spare cash lying around? I know, with the way things are going and the rising living costs, it might seem like a wild idea to put aside even a few bucks every week. But here's a cool thought: what if I told you that tossing in, say, $20 or $50 on top of your usual mortgage payments could make a massive difference?

Well, that was quick! The First Home Partner scheme, which had been operating for just a few short months, has been suspended. It's disappointing, especially given the excitement that surrounded its launch. Many found the application and purchase process to be clunky and not as user-friendly as expected. However, all hope is not lost for those who don't have the 20% deposit saved up...there are alternative options worth looking at.

Alright, let's talk about something that can put a bit more cash in your pocket when it comes to mortgages – offset mortgages – my favorite mortgage product. They're not your run-of-the-mill mortgage; Offset mortgages are like your mortgage's cool, money-saving BFF. Instead of keeping your savings and mortgage separate, they team up to help you out.

So, you've got that itch – that undeniable desire to plant your roots and call a place your very own. Buying your first home isn't just a dream; it's a goal you're determined to achieve. If you find yourself nodding to the points below, consider this your green light to take the plunge into homeownership.

Buying a home is one of the most significant financial decisions you'll ever make. It's a thrilling adventure, but it can also be a complex and daunting process. In this journey, one invaluable tool stands out like a beacon: the mortgage pre-approval. Like gold in the world of real estate, mortgage pre-approvals are a priceless asset for prospective homebuyers. Let's delve into why they are worth their weight in gold.

The journey to homeownership is an exciting and fulfilling endeavor the First Home Partner scheme is a great tool to consider making this dream a reality. If you're a first-time homebuyer keep reading as we look at the essential steps of the application process and help you understand how to navigate it successfully.

If you're a homeowner with an existing mortgage and haven't yet explored the idea of working with a mortgage broker, it could be time to check it out.

Ever wondered why interest rates are going up while the official cash rate (OCR) remains the same? Let's dig into this financial puzzle!

Are you a first-time homebuyer struggling to bridge the gap between your deposit and home loan? The First Home Partner program might just be your ticket to homeownership.  In collaboration with Kāinga Ora, this shared ownership scheme offers an innovative solution to help you secure your dream home.