Author: Rosa Hill

Navigating Mortgage Payments: Understanding Principal and Interest

Navigating Mortgage Payments: Understanding Principal and Interest

Today, we’re delving into the intricate world of mortgage payments, shining a spotlight on the foundational elements: principal and interest. When you secure a home loan, the principal represents the amount borrowed to fund your property purchase. Calculating your mortgage principal is straightforward—subtract your down payment from the final selling price of your home. This

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New Zealand’s Government Change: Impact on Housing Market and Mortgages

New Zealand’s Government Change: Impact on Housing Market and Mortgages

The recent change in government in New Zealand, with the National party taking the reins, has raised several questions and concerns about its potential effects on the housing market. This transition has sparked curiosity and a degree of uncertainty in the real estate industry. In this blog post, we’ll explore the implications of this political

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Your Guide to Mortgage Acronyms and Terminology

Your Guide to Mortgage Acronyms and Terminology

Are you on the journey to securing your dream home? Navigating the world of mortgages can sometimes feel like deciphering a secret code. From APR to LTV, there’s a plethora of acronyms and terminology that can leave your head spinning. Fear not, though! In this blog post, we’ll break down the complex world of mortgage

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Is the NZ Housing Market Rebounding?

Is the NZ Housing Market Rebounding?

So, the housing market in New Zealand has had its ups and downs, right? Recently, we’ve seen prices drop due to interest rates going up and the rising cost of living. But it looks like things might be turning around sooner than we thought! If you’re holding off on buying a property, you might want

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The Power of Refinancing

The Power of Refinancing

Inflation and rising interest rates can have a significant impact on the financial landscape, particularly in the context of mortgages. As economies run hot, it’s not uncommon to witness an uptick in inflation and subsequently higher interest rates. If you’re a homeowner currently facing such a situation, it’s crucial to understand the potential benefits of

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Downloading Your Bank Statements

Downloading Your Bank Statements

When it comes to applying for a mortgage, one of the essential documents lenders require is your bank statements. Bank statements serve as a snapshot of your financial health as they provide lenders with insights into your income, expenses, savings, and overall financial habits. These statements help lenders determine your ability to repay the mortgage

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