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There has been a lot of media attention recently about how difficult it is to buy your first home in Auckland. This is of course absolutely correct. The biggest barrier to a lot of people is the deposit. Banks have restrictions on how many people they can lend to with less than 20% deposit. This… Continue Reading
There has been a lot of publicity lately about the slowing housing market, particularly in Auckland. Commentators generally credit the introduction of the of the Reserve Bank’s investment property LVR rules in October 2016 as the main reason. While there is no doubt that this has had a major impact there has also been a… Continue Reading
This is a question I ask many of my clients and somewhat unsurprisingly (especially in the Auckland market) the most common response is “my house”. I sometimes hear “my business” from the self-employed and also the occasional boat or car gets thrown into the mix as well. Whilst it’s only human nature to think of… Continue Reading
Will fortnightly loan payments help pay off my loan faster? This is a question many of Eightfold’s customers have – is it a myth or urban legend; or can this simple change really impact on the cost of your mortgage? The answer quite simply is Yes! But to understand why, you need to understand how… Continue Reading
People often ask us what is the best term to fix their lending for. A question even more common with interest rates looking to be on the rise, or at least unlikely to go any lower. The answer is very dependent on your circumstances. Recent interest rate increases have been driven largely off the banks… Continue Reading
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