What does it mean to go “Unconditional” on a property
If you’re purchasing a property, understanding what it means to go “Unconditional” on a property is a crucial part of the home-buying journey. What happens when you make an offer on a property When you make an offer on a
KiwiSaver First Home Withdrawal
As a first home buyer, you can use your KiwiSaver to help with your deposit. You may even qualify to access your KiwiSaver if you’ve previously owned a home before. You can withdraw your KiwiSaver if you’ve been contributing for
What you need to know as a self-employed borrower
If you’re self-employed or a small business owner, you’re probably already familiar with the ongoing challenges of keeping your accounts, finances, and income all in order. You’ll often be wearing a lot of different hats in your day-to-day operation and
Costs to be aware of as a First Home Buyer
Buying your first home is one of the biggest financial transactions you’ll probably ever make. So you need to make sure you’re aware of the costs involved in purchasing a house, so that you’re prepared and not stung by any
New Year, New Goals, New Home!
If you’ve decided that 2025 is going to be your year to purchase your first home, now is the time to make it happen! Interest rates are falling, and further interest rate decreases are predicted for this year, which will
Thinking of breaking your fixed term mortgage?
In Octobers review, the Reserve Bank dropped the Official Cash Rate by 50 basis points from 5.25% to 4.75%. As a result, banks have been lowering their interest rates. With interest rates falling, borrowers are now wondering if they should
What’s happening with Debt to Income (DTI) mortgage restrictions?
The Reserve Bank is proposing to introduce Debt to Income (DTI) restrictions from around the middle of 2024. These new DTI restrictions will set limits on the amount of debt borrowers can take on compared to their incomes. These new
Looking to purchase a rental property?
Owning rental property has long been a popular form of investment for New Zealanders, however, over the last couple of years, it has not been so popular. This was largely due to the tax deductibility changes in 2021, along with
What you need to know before refinancing your mortgage
With interest rates skyrocketing, many mortgage holders may be considering their options of refinancing to take advantage of the cash incentives many banks offer to attract new customers. While it may be appealing to take advantage of these cash incentives,
Buying & Selling – Should you sell first or buy first?
In a perfect world, you would sell your property first before buying another one, and you would arrange the settlement dates for both properties, to be on the same day. However, sometimes, it is not a perfect world, and you
Interest rate changes – What does it mean for you?
Mortgage interest rates have skyrocketed over the past two years, having a significant impact on many mortgage holders. If your mortgage is due to expire off it’s low fixed term interest rate soon, you’re about to experience a significant increase
What is the CCCFA?
The Credit Contracts and Consumer Finance Act (CCCFA) sets out rules that lenders must follow when lending money to consumers. When you borrow money (ie. for a mortgage), the CCCFA ensures you are able to make informed choices, know what
Is your pocket hurting with the rising interest rates & inflation?
It’s getting tougher out there folks. Interest rates are on the rise and inflation is hitting us pretty hard. In most cases, our wages aren’t increasing to compensate, and the government doesn’t appear to have any realistic ideas about how to
COVID-19 June Update
Now that we’re at Alert Level 2, it’s a good time to figure out where you stand. Find out what is happening in the market and what lenders are looking for in the new lending environment. A lot has changed
COVID-19 Support Information
Life as we know it has been changing in this new COVID-19 world, so the team at Wayne Henry Mortgages want to assure you that we are here to help and support you during these unprecented times. Banks, governments and
First Home Buyers Tips
Buying your first home can be tricky without help. That’s where we come in. Our focus is on making sure the house buying process runs as smooth as possible for you. We’ll help you prepare all the necessary information to get
Are you covered?
Ensuring our clients are protected is such an important step in our home loan process. Far too many Kiwis float through life unprepared for a possible interruption – be it an accident, an illness, or something more tragic. Ask yourself: “Would I
Need a Small Business Loan?
As a start-up ‘small business’ ourselves, we know how tough it can be to get your dream on the right track. The journey for us has been tricky, to say the least, but with the right attitude and a strong
Selected as a NZ Blue Light Ambassador
I was lucky enough to be selected as a NZ Blue Light Ambassador (along with a number of other people) and was tasked with the challenge of raising $10k in donations for NZ Blue Light. After a successful sponsorship trail, I was selected
