We get this question a lot. The short answer is that it won't effect your creditworthiness too much but it will reduce the amount the bank will give you. The reason is quite simple. Once the IRD take out what is owed to them you just don’t have as … Read more
Archives for May 2013
May 17, 2013 By
What will it take to slow the rise of house prices?
Two things: higher interest rates and/or building more houses. Let’s consider those options for a minute. Higher interest rates If the cost of borrowing money goes up then economics 101 says people will be less inclined to borrow the stuff and that … Read more
May 16, 2013 By
Thinking of switching your mortgage to another bank?
I noticed a Facebook ad today from TSB Bank touting a 15 month fixed rate of 4.95%, $1000 toward cash for your troubles plus an ipad or iphone. Sounds great doesn't it? But watch out for the T&Cs because all such offers come with strings … Read more
