Guide2.co.nz - Home Loans Questions Feed

Are We Heading Towards A Property Market Meltdown?

Sat, 15 May 2010 19:52:45 +1200

I'm 25, married, earning just over $62,000 a year, living in Auckland. In order for my wife and I to buy a property to live in, I would need a deposit of between $50,000 to $100,000. That alone is no small feat.

In Trouble With Rental Properties - What To Do?

Sat, 03 Apr 2010 21:12:13 +1300

I have purchased three rental properties (all in good areas) over the past three years. In each case I put in a 25 per cent cash deposit (saved by working weekends as long as I can remember) and borrowed the balance. The mortgages were amortised over 15 years.

Should We Wait Before Buying A House?

Sat, 03 Oct 2009 12:43:08 +1300

My husband and I have saved a $120,000 deposit for a property. My husband is going to be returning to study for the next three years and so we will be a one-income family, on around $110,000.

Should We Use Savings To Pay The Mortgage Or Buy More Property?

Mon, 06 Jul 2009 11:17:26 +1200

My husband and I, in our 30s, both work for the government with combined income of $180,000 annually. But I am looking at going part-time later this year to start a family. That will reduce our pay to $120,000.

What Should We Do With Our Savings?

Mon, 02 Mar 2009 14:16:43 +1300

I am a 65-year-old immigrant, my wife is 59. Ten years ago we bought a property. On a realistic basis its value should be $360,000 to $380,000. My mortgage is $105,000.

Should I Get A Guarantor For A 90 - 100% Mortgage?

Tue, 10 Feb 2009 17:03:41 +1300

I made some silly decisions as a student and I am paying of the National Bank to the tune of 10K through Baycorp.

Should I Split My Mortgage?

Mon, 09 Feb 2009 14:29:48 +1300

I'm interested in ways to painlessly reduce mortgages.

I'm aware of ways of structuring a home loan so that you can pay it off faster. In a scenario often postulated and oversold by mortgage brokers, you could in theory pay off your loan in 10 years instead of 25 years.

How Can I Minimise Mortgage Interest By Using Revolving Credit ?

Sat, 31 Jan 2009 13:06:38 +1300

I am a lawyer and I see many mortgages. Some years ago a client of mine brought in his broker to explain the how mortgage savings work.

Should We Pay Off The Mortgage On Our Rental Property?

Sun, 30 Nov 2008 14:56:21 +1300

We have kept an interest-only mortgage on our rental property on advice we received two years ago that it was better to keep the mortgage on a rental property to gain the tax breaks.

Is A No-Deposit Mortgage A Good Idea?

Sat, 06 Oct 2007 01:00:00 +1300

What do I need to know about no-deposit home loans?