A mortgage rate lock, also known as lock-in, is the lender’s approval to provide a home loan at a certain fixed interest rate for a certain amount of fee. This means that within the lock-in period, any fluctuations in the current market’s interest rate will not affect the rate at which you are getting your […]
Like so many other mortgage advisers, I can push larger houses for higher commissions but I feel I have to speak to you about the benefits of buying into a smaller house too. Downsizing into a smaller home was once associated with retirees and empty-nesters, but not anymore. An increasing number of money-smart and hard […]
Everyone wants a home of their own and mortgage interest rates govern this desire to a large extent. It is the same in New Zealand where one of the hottest topics of discussion and speculation is home loan interest. According to statistics nearly 50 percent of Kiwis have their own house, one of the highest […]
If you are thinking of buying your first home, then it is time to do some budgeting! You will have to carefully plan how you will manage the total expense of purchasing a property, including mortgage, insurance and other costs, like legal fees.