First home buyers

Cam's Blog

The gap between expectation and reality = OPPORTUNITY

When a property market changes there’s always a lag between that point and when market participants figure it out. Interestingly, participants never figure it out at the same time, which always creates tension. And tension is just another word for … Read more

Banks say credit rationing is a myth: Yeah right

If it walks like a duck, farts like a duck and makes a great confit like a duck, then it’s gonna be hard to call it anything else. Yet that’s exactly what a couple of bank CEOs would have you believe. Sorry, gents I’ve got to take you to task … Read more

Getting a proper pre-approval

Following on from last month's post about moronic home loan pre-approvals, I thought I’d throw a word of caution out about the limitations of a quality mortgage pre-approval. Yes, sorry to say, there are some. Obviously, a real pre-approval is … Read more

The art of not looking dumb: Getting the right mortgage approval

Let’s say you used the mortgage calculator on my website. Let’s also say that you got a positive result and your numbers suggested strongly that you really, truly, honestly were in a position to borrow a stack of money and buy a house. Would you go … Read more

Self-employed: Get your ACC cover right

Every self-employed person I know of can tell at least one story about how ACC diddled a mate out of their full 80% income entitlement when they got crook. In most cases (but not all) ACC didn’t ‘diddle’ anyone. In fact it’s often their mate who … Read more

Crunching the first home buyer numbers – who makes the cut?

800. That’s the number of people who have used the mortgage calculator on our website since February 2017. We’ve tried to make phone contact with all 800 people and some major themes have emerged. About 200 people entered dud contact details … Read more

A window for first home buyers – but how far will it open?

  I like Peter Thompson of Barfoot and Thompson fame. This week he was quoted by NZ Herald and Radio NZ as saying that first home buyers should be exempt from the requirement to have a 20% deposit, provided the purchase price is under … Read more

5 tips to help you avoid throwing good money after bad

From time to time we do a bit of work with Simon Lempriere from the Money Mentalist, as they work in a similar field to us. Simon's written this blog, in which he shares his top tips on sunk costs and knowing when to pull the pin and stop throwing … Read more

The problem of unconsented works

I am constantly surprised at the number of properties out there which have had a bit of work done without having first obtained building consent.   At the less concerning end of things, you might have added a new deck to create a nice outdoor … Read more

Deleting debt to get a home loan

Sometimes people come to us with a lot of consumer debt which can be a real problem if you’ve got less than 20% deposit for a home loan. If you're a borrower with a small deposit (most first home buyers!), then basically you need to be squeaky … Read more