We offer a unique mortgage broking service here in NZ. We pay you when you take out a home loan with us.
Not looking for a home loan? Well you might have some friends who are and you can make money by telling them about us. Register with us and then introduce your friends. When they take out a loan we will not only pay them but we will pay you too.
We have all the usual lenders to choose from however we are unique in that we do everything by fax, phone and email so that we don’t need to pay for mortgage brokers.
This means that we can pass on to you the commission that a mortgage broker would have been paid.
HSBC slashes SVR by 1.5pc
HSBC will cut its standard variable rate by 1.5 per cent in a new ‘Summer Sale’ campaign
Express Mortgages
Our expectations are for the Reserve Bank to hold the Official Cash Rate steady tomorrow, even though the markets will be searching for clues as to how long the cash rate will stay at current levels.
Economists and analysts from the major banks all believe the OCR will be held at its current level of 2.5 percent.
Chief economist for Deutsche Bank Darren Gibbs suggests there is little scope for surprise in the Reserve Bank’s monetary policy statement and an official cash rate review.
The focus for markets will however be on the Reserve Bank’s updated economic projections, which were last published in September, and in particular, the central bank’s implied stance on monetary policy for 2010.
Official cash rate 2.50% (unchanged)
90 day bill rate 2.78 (down from 2.80%)
1 year swap rate 3.35 (down from 3.45)
3 year swap rate 4.95 (down from 5.03)
10 year bond rate 5.95 (down from 6.03)
Kiwi dollar 0.7380 (up from 0.7212)
A client in a smaller North Island town had an opportunity to purchase the home they had been renting for a number of years.
They had little savings history, but had managed rental payments perfectly.
Their Mum and Dad were willing to gift a 10% deposit, and they took up the offer presented to them.
The loan will run over 25 years so this enabled the mortgage payments to be almost the same as the rental they had been paying!
Do you know anyone like this
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