Author name: sudhakaran

The era of falling interest rates is almost over. Over the past year, mortgage interest rates have dropped sharply — the average one-year fixed interest rate has fallen from 7.5% in 2024 to around 4.97% today, a drop of 250 basis points. But the biggest declines are likely behind us, and the window to lock […]

If you’re navigating the world of mortgages in New Zealand, you might have come across the term “revolving credit.” But what exactly is it, and how can you make the most of it? This blog covers what revolving credit is, its key differences vs offset accounts, and seven smart ways you can use it as

Interest rates play a pivotal role in the New Zealand real estate market. Interest rates can influence everything from mortgage affordability to property prices. Understanding how interest rates work and their impact on the mortgage market is crucial for both homebuyers and investors.  In this blog post, brought to you by top Mortgage advisers in

First home buyer’s checklist for Aucklanders in 2024 As 2024 unfolds, the Auckland property market continues to present unique opportunities and challenges for first home buyers. Navigating this dynamic landscape requires up-to-date insights and a clear understanding of current trends. Here’s what you need to know about Auckland’s housing market and how you can make

The Reserve Bank of New Zealand has confirmed significant changes to mortgage lending rules, effective from July 1, 2024. These changes will ease loan-to-value ratio (LVR) restrictions and introduce debt-to-income (DTI) ratios, impacting both first-time homebuyers and property investors. Here’s a detailed overview: Current Rules Until July 1, 2024 Loan-to-Value Ratio (LVR) Restrictions New Rules

Thinking about buying a home but struggling to save up a deposit for NZ home loans? Mortgage Masters is here to help shine a light on all your financial options for purchasing a home or buying land NZ. This includes co-ownership, an exciting option for first home buyers who can’t afford a deposit for a

New Zealand Home Loans: 4 Types of Non-Bank Lenders Buying a home in New Zealand can often be a mix of emotions, with lots of excitement and hesitation. Rest assured; many questions will come up while trying to get your finances in order. This is especially true if you are struggling to qualify for a

New Zealand Home Loans: How Do Offset Mortgages Work?   Saving money for a home is a worthwhile goal, although the saving doesn’t stop when you settle on a property. It’s important to prioritise paying off your mortgage and make smart financial decisions, which is much easier when you choose a mortgage that makes sense

New Zealand Mortgage: What is the KiwiSaver Tax Credit? If you’re looking at New Zealand real estate, it’s important to know what the KiwiSaver tax credit is, who can get it and how it can help you purchase a home. As reputable mortgage brokers and independent financial advisers in Auckland, Mortgage Masters can help you