Everything Mortgage

Refinancing to a lower interest rate sounds like a good idea. But do the numbers stack up? Mortgage Lab CEO Rupert Gough takes you through what to consider before making the move."Today we are talking to all those people who currently have mortgages and are looking for a better mortgage rate from another bank.  We're going to look at what you need to know about interest rates and when it's good to refinance and when it's not a good strategy.So, you've got a fixed-term interest rate maturing soon and the bank or your broker has sent you some interest rates. Maybe your current bank is offering 0.1% higher than another bank in the market; should you refinance your mortgage to get the better rate?Before we can answer that question, we need to consider how much of a difference the interest rate difference will make.  In theory, it should always make sense to move to a cheaper bank however, even with very large dollar numbers, the first calculation we need to do is find out if it is worth the bother."You can watch a video on the same subject here: https://youtu.be/ProZ9fq0ZK0If you are unsure where to start or have any questions, don't hesitate to contact the team at mortgagelab.co.nz/contact-us, we're here to help.You can watch more of these articles by subscribing to our YouTube channel.You can follow us on Facebook, Instagram, Youtube and LinkedIn.

Want to increase the amount the bank will lend you for a mortgage? Mortgage Lab CEO tells you how it can be done."In our last video we asked the question, what is your mortgage number.  Essentially, what is the maximum you can borrow at the best bank for you in your current financial situation.  Today we're going to look at what you can do when your mortgage number is not enough to get the house you want.Everyone who is paying rent can borrow something.  You're already making regular payments to a landlord so some part of your income is going to living costs.  The problem is that banks test what you can afford at a much higher servicing rate - at the time of recording, around 7.3%.  And for most people, their current rent when put towards a mortgage of 7.3% doesn't add up to much.  The rest of your purchase has to be made up from your savings or, in other words, is made up of what you don't spend from your income in any given month.Based on that, here are 5 tips for increasing your mortgage number or 5 tips on how to get the bank to lend you more.  If you think we've missed anything, drop us a comment and tell us how you managed to increase your mortgage number."You can watch a video on the same subject here: https://youtu.be/IBeVP7cGlHg If you are unsure where to start or have any questions, don't hesitate to contact the team at mortgagelab.co.nz/contact-us, we're here to help.You can watch more of these articles by subscribing to our YouTube channel.You can follow us on Facebook, Instagram, Youtube and LinkedIn.

Everybody has a mortgage number.  That is, everyone has an amount of money that a lender is willing to lend to them to purchase a house.  Mortgage Lab CEO Rupert Gough talks you through what your mortgage number might be and how you can confidently calculate it."When you hear that a friend or a workmate or just a random person in the news was declined for a mortgage what you're actually hearing is that the mortgage amount they applied for exceeded their personal mortgage number at one or more lenders.And here's the first thing you need to know about your personal mortgage number.  It varies from lending institution to lending institution.  And I know what you're thinking; it can't be that much, it must be a standardised way of calculating affordability.  But because this is a leveraged transaction, in other words, you only need about $9,000 per $100,000 that you are borrowing, a small difference in the way the banks calculate income makes a big difference in the amount they will lend you..."You can watch a video on the same subject here: https://youtu.be/2bVeGkW-Q3EIf you are unsure where to start or have any questions, don't hesitate to contact the team at mortgagelab.co.nz/contact-us, we're here to help.You can watch more of these articles by subscribing to our YouTube channel.You can follow us on Facebook, Instagram, Youtube and LinkedIn.

Wondering how the bank would take into account income from a boarder or flatmate? Mortgage Lab CEO Rupert Gough takes you through what you need to know."Firstly, let's clarify the difference between a boarder and a flatmate because it's important for your application.  A flatmate is someone who rents a room at a fixed price and shares the costs such as food with others in the house. A boarder, on the other hand, pays a set amount which might include the room, prepared meals and laundry etc.The policy for including flatmate income in mortgage applications changes as banks welcome or shy away from higher risk lending.  As a general rule, banks don't like applications to rely on flatmate income if the mortgage is over 80%.  So those with, what the banks class as a small deposit - being under a 20% deposit - generally need to be able to afford the mortgage on their own income..."You can watch a video on the same subject here: https://youtu.be/utkX-qHz1gkIf you are unsure where to start or have any questions, don't hesitate to contact the team at mortgagelab.co.nz/contact-us, we're here to help.You can watch more of these articles by subscribing to our YouTube channel.You can follow us on Facebook, Instagram, Youtube and LinkedIn.

Mortgage Lab CEO Rupert Gough wraps up what's been happening with interest rates in May 2022 and shares big news about the First Home Loan and First Home Grant schemes. This is a must watch for first home buyers!"Firstly, with the First Home Loan, there is now no price cap for getting a First Home Loan. In other words, there is no maximum purchase price when using the First Home Loan scheme.  That means, whatever you can afford on your income, up to the threshold of $150k for couples and single parents, you can buy with just 5% deposit. This is huge news for anyone in the smaller, more affordable towns who may be able to get a decent sized house around $800k to $850k where previously they could only spend a maximum of $500k..."You can watch a video on the same subject here: https://youtu.be/cK7Y7o2MuoIIf you are unsure where to start or have any questions, don't hesitate to contact the team at mortgagelab.co.nz/contact-us, we're here to help.You can watch more of these articles by subscribing to our YouTube channel.You can follow us on Facebook, Instagram, Youtube and LinkedIn.

Mortgage Lab CEO Rupert Gough talks you through everything you need to know about the changes to the First Home Loan and the First Home Grant and gives you an explanation of the First Home Partners.You can watch a video on the same subject here: https://youtu.be/WmnYWvjY99oIf you are unsure where to start or have any questions, don't hesitate to contact the team at mortgagelab.co.nz/contact-us, we're here to help.You can watch more of these articles by subscribing to our YouTube channel.You can follow us on Facebook, Instagram, Youtube and LinkedIn.

Mortgage Lab CEO Rupert Gough shares what you need to know about the new government initiative, First Home Partner, and why it could be the key to buying your first home. "A number of initiatives are already in place from the government - administered and processed through Kainga Ora.  The main ones are:The First Home Loan: This allows first home buyers, buying under a certain price cap, the ability to borrow with as low as 5% deposit with a portion of the loan being guaranteed by the government (taking the risk of low deposit borrowing off the banks).The First Home Grant: The government gifts money towards a deposit for first home buyers who meet the particular criteria.  Again these have property price caps and income caps.Enter the latest initiative, the First Home Partner, where the government doesn't guarantee a loan for you but instead takes an ownership in the property with you..." You can watch a video on the same subject here: https://youtu.be/JO6a2sqvSowIf you are unsure where to start or have any questions, don't hesitate to contact the team at mortgagelab.co.nz/contact-us, we're here to help.You can watch more of these articles by subscribing to our YouTube channel.You can follow us on Facebook, Instagram, Youtube and LinkedIn.

Mortgage Lab CEO Rupert Gough shares what's been happening in mortgages throughout April 2022, giving you everything you need to know about the mortgage market.The big news this month was, of course, the OCR announcement when Reserve Bank Governor Adrian Orr announced a 0.5% or 50 basis point increase to the official cash rate. This was the biggest OCR increase in 22 years on the back of massive inflation of 6.9% well above their target inflation rate of 2%. Not since 17th May 2000 has the Reserve Bank increased the Official Cash Rate by 50 basis points when the then Reserve Bank Governor and future leader of the National Party Don Brash  raised NZ's OCR to 6.5% because of an inflation rate of 5.8%. That's right, it's been so long since we had a 50 basis point jump on the OCR that, at the time, you would have heard about it on your monochrome screen Nokia 3210...You can watch a video on the same subject here: https://youtu.be/HpGbw-zbgJMIf you are unsure where to start or have any questions, don't hesitate to contact the team at mortgagelab.co.nz/contact-us, we're here to help.You can watch more of these articles by subscribing to our YouTube channel.You can follow us on Facebook, Instagram, Youtube and LinkedIn.

Thinking about buying a house with friends in order to get on the property ladder? Mortgage Lab CEO Rupert Gough talks you through everything you need to consider beforehand.With high house prices and not everyone having access to help from the Bank of Mum and Dad, many Kiwis are asking whether it is worth buying with friends instead of on their own. So let's look at the pros and cons of purchasing a house with friends, what is involved with getting a mortgage together and at the end, I'll give you the 6 important topics you will need to discuss long before you start searching for a home...You can watch a video on the same subject here: https://youtu.be/MGimFLkZm2gIf you are unsure where to start or have any questions, don't hesitate to contact the team at mortgagelab.co.nz/contact-us, we're here to help.You can watch more of these articles by subscribing to our YouTube channel.You can follow us on Facebook, Instagram, Youtube and LinkedIn.

Mortgage Lab CEO Rupert Gough shares his top five tips to boost your house deposit. "The first thing is look around your house and see what you can sell.  It might be a spare car that you don't use anymore, just sitting down there on the driveway, slowly (or quickly) depreciating in value. It might be the camping gear that you went away once with and almost had a divorce over. It could be the mountain bike that you bought and took out to ride once. There's a tonne of stuff sitting around your house right now, that isn't being used and could be sold to increase your deposit.  Grab a camera, take photos and list them on Trade Me.  That money is just sitting there not being used. If you're borrowing at 90%, $5,000 worth of old stuff you don't use means another $50,000 of borrowing that is possible..."You can watch a video on the same subject here: https://youtu.be/h5iL4NYuNbkIf you are unsure where to start or have any questions, don't hesitate to contact the team at mortgagelab.co.nz/contact-us, we're here to help.You can watch more of these articles by subscribing to our YouTube channel.You can follow us on Facebook, Instagram, Youtube and LinkedIn.

Credit cards are a common pitfall for first home buyers. Mortgage Lab CEO Rupert Gough takes you through exactly how much your credit card limits impact your ability to get a mortgage. "One of the first things you need to know is the difference between a balance and a limit. You might have a limit of $10,000 and be able to borrow up to that amount. But you may never have spent more than $1,000 on your credit card. Unfortunately, when you're applying for a mortgage, the bank has to assume the worst case scenario. And that would be you blowing out their credit card or maxing it out to its limit..."You can watch a video on the same subject here: https://youtu.be/c3du_4-M6PAIf you are unsure where to start or have any questions, don't hesitate to contact the team at mortgagelab.co.nz/contact-us, we're here to help.You can watch more of these articles by subscribing to our YouTube channel.You can follow us on Facebook, Instagram, Youtube and LinkedIn.

March was certainly an interesting time for interest rates. Rupert Gough, CEO of Mortgage Lab talks you through the latest.Let's talk about what happened in March 2022 in the mortgage and property market with the biggest news being the shocking milestone that interest rates reached at the very end of the month. February's mortgage lending numbers came out mid-March with $5.7b of mortgages being lent across all the banks in February 2022.  This is down 36% from its peak of $9.08b (just 3 months earlier) in November 2021...You can watch a video on the same subject here: https://youtu.be/6ZdadJdslrQIf you are unsure where to start or have any questions, don't hesitate to contact the team at mortgagelab.co.nz/contact-us, we're here to help.You can watch more of these articles by subscribing to our YouTube channel.You can follow us on Facebook, Instagram, Youtube and LinkedIn.

This topic is just for fun! Or in other words, just for property nerds. Mortgage Lab CEO Rupert Gough looks at what you would need to buy a $10,000,000 house."You've got a cool money pile floating around in the bank.  It's time to upgrade and you want to go large. 8 figure large.  What can you get for $10,000,000 and what do you need to show the bank to be able to get a mortgage?  Stick around until the end of the video and I'll also show you how a 10 million New Zealand dollar home compares to the same priced house or apartment in the US..."You can watch a video on the same subject here: https://youtu.be/x8vZMcOaViU If you are unsure where to start or have any questions, don't hesitate to contact the team at mortgagelab.co.nz/contact-us, we're here to help.You can watch more of these articles by subscribing to our YouTube channel.You can follow us on Facebook, Instagram, Youtube and LinkedIn.

Wondering how much money you actually need for a deposit on a house? Rupert Gough, CEO of Mortgage Lab talks you through the numbers."The amount of income varies vastly and is actually quite a hard number to nail down.  The amount required varies from bank to bank and is also highly variable depending on your monthly expenses, how many children you have and your secondary debt - things like credit cards for instance..."You can watch a video on the same subject here: https://youtu.be/CXSms3ZvzHo If you are unsure where to start or have any questions, don't hesitate to contact the team at mortgagelab.co.nz/contact-us, we're here to help.You can watch more of these articles by subscribing to our YouTube channel.You can follow us on Facebook, Instagram, Youtube and LinkedIn.

Rupert Gough, CEO of Mortgage Lab chats with Garreth Collard, owner of Epsom Tax about whether it's worth breaking your mortgage to re-fix earlier.If you would like to contact Garreth and EpsomTax to learn more, you can reach them at 0800 890 132 or visit their website www.epsomtax.com. You can watch a video on the same subject here: https://youtu.be/d6xEi49NBpkIf you are unsure where to start or have any questions, don't hesitate to contact the team at mortgagelab.co.nz/contact-us, we're here to help.You can watch more of these articles by subscribing to our YouTube channel.You can follow us on Facebook, Instagram, Youtube and LinkedIn.

Your options will depend on the reason your application was rejected. In this podcast, Mortgage Lab CEO Rupert Gough takes you through what to do next if you've been declined by a bank, as well as when and how.Now I don't want to shamelessly plug mortgage brokers here, but if you're getting declined by banks directly it's safe to say it's time to talk to a broker. They will find out which bank is most likely to approve your application and give you advice on how to improve your chances of approval. If you're not in a position to get a mortgage with a bank, you may be able to get a loan with a non-bank-lender. Your broker will go through all of the options with you. A bank's acceptance criteria can change week to week and your broker will be across the different criterias of each bank. Generally, the reason for an application being rejected will fall into one or more of three categories; not enough income, not enough deposit or a bad credit score...You can watch a video on the same subject here: https://youtu.be/EnD2oGh4yo8If you are unsure where to start or have any questions, don't hesitate to contact the team at mortgagelab.co.nz/contact-us, we're here to help.You can watch more of these articles by subscribing to our YouTube channel.You can follow us on Facebook, Instagram, Youtube and LinkedIn.

Mortgage Lab CEO Rupert Gough does a round up of all the important mortgage news for the month of February 2021.The month started with a jump in interest rates.  ANZ moved first pushing the 1 year rate up to 3.85% at ANZ followed by BNZ 2 days later. Other banks soon followed course ranging from 3.79% to 3.85% for 1 year.  At the other end of the fixed term rates, the 5 year term is sitting around 4.95% to 5.25%.  That's a premium of 1.1% - 1.5% to lock in a 5 year rate...You can watch a video on the same subject here: https://youtu.be/7m_Tt1r6mvcIf you are unsure where to start or have any questions, don't hesitate to contact the team at mortgagelab.co.nz/contact-us, we're here to help.You can watch more of these articles by subscribing to our YouTube channel.You can follow us on Facebook, Instagram, Youtube and LinkedIn.

In this podcast Mortgage Lab CEO Rupert Gough takes you through whether you could - or should - get a top up on your mortgage."There are many valid reasons why you might be looking to pull some equity out of your property to use elsewhere. This is commonly referred to as a ‘top up' on your mortgage. The benefit of a top-up is that you get cash to spend but in return your mortgage gets bigger. Interest charged means that unless you pay it back reasonably quickly you will end up paying back a lot more money over the life of your mortgage. For this reason, before you ask whether you can get a top up, it is important to ask yourself if it is necessary and worth the long term additional expense..."You can watch a video on the same subject here: https://youtu.be/gmqp9qm-ZhUIf you are unsure where to start or have any questions, don't hesitate to contact the team at mortgagelab.co.nz/contact-us, we're here to help.You can watch more of these articles by subscribing to our YouTube channel.You can follow us on Facebook, Instagram, Youtube and LinkedIn.

 In this podcast Mortgage Lab CEO Rupert Gough gives you an overview of the act, its impacts, and what you now need to do differently in order to get a mortgage."The act, called CCCFA for short, came into force on the 1st December 2021. It was largely meant to protect consumers from high-interest loan sharks. But unintended effects of the act have flowed into mainstream mortgage applications, for home-buyers, upgraders and investors alike.So, what is the CCCFA? The act effectively increases the liability for the directors and senior managers of lending companies. They are now personally liable if borrowing is shown to be irresponsible or deficiencies in the lending process are found. A fine of up to $200,000 for each breach is possible. As a result, banks and other lenders have tightened their application process. They are combing through every small detail to make sure their process is correct..."You can watch a video on the same subject here: https://youtu.be/jtjbghnVchU If you are unsure where to start or have any questions, don't hesitate to contact the team at mortgagelab.co.nz/contact-us, we're here to help.You can watch more of these articles by subscribing to our YouTube channel.You can follow us on Facebook, Instagram, Youtube and LinkedIn.

Mortgage interest rates are always changing, making it difficult to keep up if you're not actively working in the industry. But don't worry,  Mortgage Lab has you covered. In this video CEO Rupert Gough provides his monthly update on everything interest rates.You can watch a video on the same subject on YouTube here: https://youtu.be/AIjNcENuo9EIf you are unsure where to start or have any questions, don't hesitate to contact the team at www.mortgagelab.co.nz/contact-us, we're here to help.You can watch more of these articles by subscribing to our YouTube channel.You can follow us on Facebook, Instagram, Youtube and LinkedIn.You can also learn more from reading our blogs at www.mortgagelab.co.nz/blog/

The housing supply bill is intended to open up a lot more opportunities for the building of multiple dwellings on a single site. The purpose is to help resolve the housing shortage in some areas of the country. In this podcast Mortgage Lab CEO Rupert Gough takes you through the key aspects of the bill.You can watch a video on the same subject here: https://youtu.be/rKEuxNFD4fYIf you are unsure where to start or have any questions, don't hesitate to contact the team at mortgagelab.co.nz/contact-us, we're here to help.You can watch more of these articles by subscribing to our YouTube channel.You can follow us on Facebook, Instagram, Youtube and LinkedIn.

Working through the logistics of selling your current house and buying your next one can be taxing. In this podcast Mortgage Lab CEO Rupert Gough takes you through the process and options.You can watch a video on the same subject here: https://youtu.be/StNpI1GZS9IYou can also learn more from reading our blog on the same subject at mortgagelab.co.nz/what-happens-when-you-go-to-buy-your-next-houseIf you are unsure where to start or have any questions, don't hesitate to contact the team at mortgagelab.co.nz/contact-us, we're here to help.You can watch more of these articles by subscribing to our YouTube channel.You can follow us on Facebook, Instagram, Youtube and LinkedIn.

Mortgage interest rates are always changing, making it difficult to keep up if you're not actively working in the industry. But don't worry,  Mortgage Lab has you covered. In this video CEO Rupert Gough provides his monthly update on everything interest rates.You can watch a video on the same subject on YouTube here: https://youtu.be/8mmrqAPrshkIf you are unsure where to start or have any questions, don't hesitate to contact the team at www.mortgagelab.co.nz/contact-us, we're here to help.You can watch more of these articles by subscribing to our YouTube channel.You can follow us on Facebook, Instagram, Youtube and LinkedIn.You can also learn more from reading our blogs at www.mortgagelab.co.nz/blog/

Mortgage interest rates are always changing, making it difficult to keep up if you're not actively working in the industry. But don't worry,  Mortgage Lab has you covered. In this video CEO Rupert Gough provides his monthly update on everything interest rates.You can watch a video on the same subject on YouTube here: https://youtu.be/MSwLGIbrSzo If you are unsure where to start or have any questions, don't hesitate to contact the team at www.mortgagelab.co.nz/contact-us, we're here to help.You can watch more of these articles by subscribing to our YouTube channel.You can follow us on Facebook, Instagram, Youtube and LinkedIn.You can also learn more from reading our blogs at www.mortgagelab.co.nz/blog/

very property investor needs to know this… There are major changes happening to the way mortgage interest expenses are able to be deducted from taxable income.Garreth Collard from Epsom Tax joined Mortgage Lab CEO Rupert Gough to talk about newly released information including what has changed and what is exempt.If you would like to contact Garreth and EpsomTax to learn more, you can reach them at 0800 890 132 or visit their website www.epsomtax.com.You can watch a video on the same subject here: https://youtu.be/HBxa1h8fYJYIf you are unsure where to start or have any questions, don't hesitate to contact the team at mortgagelab.co.nz/contact-us, we're here to help.You can watch more of these articles by subscribing to our YouTube channel.You can follow us on Facebook, Instagram, Youtube and LinkedIn.

Surrounding yourself with property experts isn't just a good idea - it's absolutely necessary. And while it sounds expensive, you don't need to be rolling in cash. In fact, in many cases the advice is free. In this podcast Mortgage Lab CEO Rupert Gough talks about the key people you need as a property buyer. You can watch a video on the same subject here: https://youtu.be/StNpI1GZS9I You can also learn more from reading our blogs at mortgagelab.co.nz/property-experts-who-are-yoursIf you are unsure where to start or have any questions, don't hesitate to contact the team at mortgagelab.co.nz/contact-us, we're here to help.You can watch more of these articles by subscribing to our YouTube channel.You can follow us on Facebook, Instagram, Youtube and LinkedIn.

Understanding the end to end process of buying your first home can help manage your stress as you go through the journey. In this podcast, Mortgage Lab CEO Rupert Gough lays out the steps to buying your first home.You can watch a video on the same subject here: https://youtu.be/kXD__WiVKAkYou can also learn more from reading our blogs at mortgagelab.co.nz/what-happens-when-you-buy-a-houseIf you are unsure where to start or have any questions, don't hesitate to contact the team at mortgagelab.co.nz/contact-us, we're here to help.You can watch more of these articles by subscribing to our YouTube channel.You can follow us on Facebook, Instagram, Youtube and LinkedIn.

Mortgage interest rates are always changing, making it difficult to keep up if you're not actively working in the industry. But don't worry,  Mortgage Lab has you covered. In this video CEO Rupert Gough provides his monthly update on everything interest rates.You can watch a video on the same subject on YouTube here: https://youtu.be/0NC7EGb2ks0 If you are unsure where to start or have any questions, don't hesitate to contact the team at www.mortgagelab.co.nz/contact-us, we're here to help.You can watch more of these articles by subscribing to our YouTube channel.You can follow us on Facebook, Instagram, Youtube and LinkedIn.You can also learn more from reading our blogs at www.mortgagelab.co.nz/blog/

Property investment is hugely popular in New Zealand. Yet most investors will only ever own one investment property at a time. In this podcast Mortgage Lab CEO Rupert Gough talks about why this is.You can watch a video on the same subject here: https://youtu.be/I4JO0QQO-WYYou can also learn more from reading our blogs at mortgagelab.co.nz/the-income-hurdle-why-most-kiwi-investors-only-own-a-single-investment-propertyIf you are unsure where to start or have any questions, don't hesitate to contact the team at mortgagelab.co.nz/contact-us, we're here to help.You can watch more of these articles by subscribing to our YouTube channel.You can follow us on Facebook, Instagram, Youtube and LinkedIn.

Conversations about mortgage brokers tend to focus on the service they provide when you buy a house. But your mortgage broker provides multiple important services throughout the life of your mortgage. These services can save you thousands of dollars, a lot of time and stress, and get you in the best position financially. Mortgage Lab CEO Rupert Gough shows these lesser known services some love in this video.You can watch a video on the same subject here: https://youtu.be/0d-7lscEkcYYou can also learn more from reading our blogs at mortgagelab.co.nz/why-should-you-use-a-mortgage-broker-if-you-already-have-a-mortgageIf you are unsure where to start or have any questions, don't hesitate to contact the team at mortgagelab.co.nz/contact-us, we're here to help.You can watch more of these articles by subscribing to our YouTube channel.You can follow us on Facebook, Instagram, Youtube and LinkedIn.

Mortgage interest rates are always changing, making it difficult to keep up if you're not actively working in the industry. But don't worry,  Mortgage Lab has you covered. In this video CEO Rupert Gough provides his monthly update on everything interest rates.You can watch a video on the same subject on YouTube here: https://youtu.be/pDI0KC592RcIf you are unsure where to start or have any questions, don't hesitate to contact the team at www.mortgagelab.co.nz/contact-us, they are more than willing to help you through this confusing time!You can watch more of these articles by subscribing to our YouTube channel.You can follow us on Facebook, Instagram, Youtube and LinkedIn.You can also learn more from reading our blogs at www.mortgagelab.co.nz/blog/

Mortgage Lab CEO Rupert Gough talks with Daniel Carney from Goodlife Financial Advice about what's happening in the New Zealand investment market. This podcast is longer than the usual format so grab a cup of tea or coffee, get comfy and enjoy.If you would like to contact Daniel and Goodlife Advice to learn more, you can reach them at 0508 GOODLIFE or visit their website www.goodlifeadvice.co.nz.You can watch a video on the same subject here: https://youtu.be/dgJIE2gIl-gIf you are unsure where to start or have any questions, don't hesitate to contact the team at www.mortgagelab.co.nz/contact-us, we're here to help!You can watch more of these articles by subscribing to our YouTube channel.You can follow us on Facebook, Instagram, Youtube and LinkedIn.You can also learn more from reading our blogs at www.mortgagelab.co.nz/blog/

The Reserve Bank of New Zealand now has the option to implement debt to income ratio limits. In this podcast Mortgage Lab CEO Rupert Gough talks through the current status of DTI restrictions and explains how debt to income ratios can be measured.You can watch a video on the same subject here: https://youtu.be/fJT5ZGQUTJEYou can also learn more from reading our blogs at mortgagelab.co.nz/debt-to-income-ratios-what-are-they-and-how-are-they-measured If you are unsure where to start or have any questions, don't hesitate to contact the team at mortgagelab.co.nz/contact-us, we're here to help.You can watch more of these articles by subscribing to our YouTube channel.You can follow us on Facebook, Instagram, Youtube and LinkedIn.

Life and health insurances are slightly morbid topics, but are worth looking into. In this podcast, Mortgage Lab CEO Rupert Gough talks through what to look out for when considering insurance.You can watch a video on the same subject here: https://youtu.be/avu0lptYM_AYou can also learn more from reading our blogs at mortgagelab.co.nz/should-you-get-life-health-and-income-insurance-when-buying-a-houseIf you are unsure where to start or have any questions, don't hesitate to contact the team at mortgagelab.co.nz/contact-us, we're here to help.You can watch more of these articles by subscribing to our YouTube channel.You can follow us on Facebook, Instagram, Youtube and LinkedIn.

With so much going on in the lending space Nick Goodall from CoreLogic and Rupert Gough discuss everything from recent value growth to the trends and impact of the bank of Mum and Dad helping out first home buyers.A review of the latest CoreLogic Buyer Classification data leads to what's happening with investors right now, including how the tightened loan-to-value (LVR) restrictions have hindered their activity. Plus some surprise about the reaction to the interest deductibility changes and consideration for the potential impact of debt-to-income limits.To finish off, the guys discuss everything to do with interest rates - including the forecast for the official cash rate (OCR), hot off the heals of the latest RBNZ monetary policy review, and what impact the pending lift in mortgage interest rates could have on the market.You can watch a video on the same subject here: https://youtu.be/CC4-KBKQv5k To contact Nick Goodall and CoreLogic to discuss this video further, you listen to their Podcast channel at corelogicnzpropertymarket.buzzsprout.com or visit there website www.corelogic.co.nz.You can watch more of these articles by subscribing to our YouTube channel.You can follow us on Facebook, Instagram, Youtube and LinkedIn.If you are unsure where to start or have any questions, don't hesitate to contact the team at mortgagelab.co.nz/contact-us, we're here to help!You can also learn more from reading our blogs at mortgagelab.co.nz/blog/

Interest rates held by all of the banks are always being updated and be difficult to keep track of if you are not actively working in the industry. In this podcast, Rupert has done the research for you and gives you an update on what the current interest rates are.You can watch a video on the same subject on YouTube here: https://youtu.be/aT0ih-Z5mg4If you are unsure where to start or have any questions, don't hesitate to contact the team at www.mortgagelab.co.nz/contact-us, they are more than willing to help you through this confusing time!You can watch more of these articles by subscribing to our YouTube channel.You can follow us on Facebook, Instagram, Youtube and LinkedIn.You can also learn more from reading our blogs at www.mortgagelab.co.nz/blog/

When buying your first home in New Zealand, you may be eligible for the First Home Grant from the Government! In this podcast, Rupert explains what the First Home Grant is and the criteria to receive it.You can watch a video on the same subject here: https://youtu.be/VjlVO4jxGeMIf you are unsure where to start or have any questions, don't hesitate to contact the team at mortgagelab.co.nz/contact-us, they are more than willing to help you through this confusing time!You can watch more of these articles by subscribing to our YouTube channel.You can follow us on Facebook, Instagram, Youtube and LinkedIn.You can also learn more from reading our blogs at mortgagelab.co.nz/first-home-loan-first-home-grant/

Interest rates held by all of the banks are always being updated and be difficult to keep track of if you are not actively working in the industry. In this podcast, Rupert has done the research for you and gives you an update on what the current interest rates are.You can watch a video on the same subject on YouTube here: https://youtu.be/YhR4BuHX4YwIf you are unsure where to start or have any questions, don't hesitate to contact the team at www.mortgagelab.co.nz/contact-us, they are more than willing to help you through this confusing time!You can watch more of these articles by subscribing to our YouTube channel.You can follow us on Facebook, Instagram, Youtube and LinkedIn.You can also learn more from reading our blogs at www.mortgagelab.co.nz/blog/

With the changes to the LVR restrictions for banks, does that mean that they will lend to those who have less than 20% deposit? In this podcast, Rupert answers this question and more. We have updated our articles and videos to explain how these changes impact you when you are buying a home. You can watch a video on the same subject here: https://youtu.be/EWt2oZxKWugYou can also read more about deposit requirements by reading our blog mortgagelab.co.nz/how-much-deposit-do-you-need-to-buy-your-first-homeIf you are unsure where to start or have any questions, don't hesitate to contact the team at mortgagelab.co.nz/contact-us, they are more than willing to help you through this confusing time!You can watch more of these articles by subscribing to our YouTube channel.You can follow us on Facebook, Instagram, Youtube and LinkedIn.

There have been some major property-market announcements this month. Here's our round-up of the major ones and what they mean for first home buyers and investors.You can watch a video on the same subject on YouTube here: https://youtu.be/mSlRO-lyUHQIf you are unsure where to start or have any questions, don't hesitate to contact the team at www.mortgagelab.co.nz/contact-us, they are more than willing to help you through this confusing time!You can watch more of these articles by subscribing to our YouTube channel.You can follow us on Facebook, Instagram, Youtube and LinkedIn.You can also learn more from reading our blogs at www.mortgagelab.co.nz/blog/

Apartments are a very tempting purchase, especially for first-home buyers. They tend to cost less and therefore be much more within reach. In this podcast Rupert discusses what you need to consider if you are looking to buy an apartment.You can watch a video on the same subject here: https://youtu.be/NKIHM5fWrjYYou can also learn more from reading our blog on the same subject at mortgagelab.co.nz/apartments-the-low-down-on-high-rises/If you are unsure where to start or have any questions, don't hesitate to contact the team at mortgagelab.co.nz/contact-us, they are more than willing to help you through this confusing time!You can watch more of these articles by subscribing to our YouTube channel.You can follow us on Facebook, Instagram, Youtube and LinkedIn.

With more employers than ever allowing staff to work remotely, you may be thinking of buying outside the city limits. In this podcast Rupert discusses what you need to consider before moving cities and what the banks need to know before you move.You can watch a video on the same subject here: https://youtu.be/tuS0C_7rEj4If you are unsure where to start or have any questions, don't hesitate to contact the team at mortgagelab.co.nz/contact-us, they are more than willing to help you through this confusing time!You can watch more of these articles by subscribing to our YouTube channel.You can follow us on Facebook, Instagram, Youtube and LinkedIn.

Debating whether to upgrade your kitchen with some of your savings? Or whether to pay off a chunk of your mortgage to be that step closer to being mortgage free? In this podcast Rupert ways up the pros and cons of renovating your home vs paying down your mortgage.You can watch a video on the same subject here: https://youtu.be/5Cxsail-BCAIf you are unsure where to start or have any questions, don't hesitate to contact the team at mortgagelab.co.nz/contact-us, they are more than willing to help you through this confusing time!You can watch more of these articles by subscribing to our YouTube channel.You can follow us on Facebook, Instagram, Youtube and LinkedIn.You can also learn more from reading our blog on the same subject at mortgagelab.co.nz/renovate-your-home-or-pay-down-your-mortgage

Interest rates held by all of the banks are always being updated and be difficult to keep track of if you are not actively working in the industry. In this podcast, Rupert has done the research for you and gives you an update on what the current interest rates are.You can watch a video on the same subject on YouTube here: https://youtu.be/mewHwXhj4YQIf you are unsure where to start or have any questions, don't hesitate to contact the team at www.mortgagelab.co.nz/contact-us, they are more than willing to help you through this confusing time!You can watch more of these articles by subscribing to our YouTube channel.You can follow us on Facebook, Instagram, Youtube and LinkedIn.You can also learn more from reading our blogs at www.mortgagelab.co.nz/blog/

In this podcast interview, Rupert Gough from Mortgage Lab sat down with Oliver Buckingham and Sean Wilson from Solution Street to discuss building new houses with first home buyers.If you would like to contact Solution Street to learn more, you can reach them at 0800 SSTREET or visit their website www.solutionstreet.co.nz.You can watch a video on the same subject here: www.youtube.com/watch?v=cHyq6kbtfIkIf you are unsure where to start or have any questions, don't hesitate to contact the team at www.mortgagelab.co.nz/contact-us, they are more than willing to help you through this confusing time!You can watch more of these articles by subscribing to our YouTube channel.You can follow us on Facebook, Instagram, Youtube and LinkedIn.You can also learn more from reading our blogs at www.mortgagelab.co.nz/blog/

When building a new house, whether it is your first home or your new forever home, there are two options, Progress Payment or Turn-Key. In this podcast Rupert explains progress payment construction mortgages are.You can watch a video on the same subject here: https://www.youtube.com/watch?v=0VYn9YCV4-4If you are unsure where to start or have any questions, don't hesitate to contact the team at mortgagelab.co.nz/contact-us, they are more than willing to help you through this confusing time!You can watch more of these articles by subscribing to our YouTube channel.You can follow us on Facebook, Instagram, Youtube and LinkedIn.You can also learn more from reading our blogs at www.mortgagelab.co.nz/blog.

Interest rates held by all of the banks are always being updated and be difficult to keep track of if you are not actively working in the industry. In this podcast, Rupert has done the research for you and gives you an update on what the current interest rates are.You can watch a video on the same subject on YouTube here: https://youtu.be/urFnsdiFqtYIf you are unsure where to start or have any questions, don't hesitate to contact the team at www.mortgagelab.co.nz/contact-us, they are more than willing to help you through this confusing time!You can watch more of these articles by subscribing to our YouTube channel.You can follow us on Facebook, Instagram, Youtube and LinkedIn.You can also learn more from reading our blogs at www.mortgagelab.co.nz/blog/

It is common for Kiwi property investors to have one to two rental property that they manage, but why is this? In this podcast Rupert explains why Kiwi property investors often can't take on that next investment property from a mortgage borrowing point of view.You can watch a video on the same subject here: https://youtu.be/YtUG8ZZH_AUIf you are unsure where to start or have any questions, don't hesitate to contact the team at mortgagelab.co.nz/contact-us, they are more than willing to help you through this confusing time!You can watch more of these articles by subscribing to our YouTube channel.You can follow us on Facebook, Instagram, Youtube and LinkedIn.You can also learn more from reading our blogs at www.mortgagelab.co.nz/blog.

In this interview, Rupert Gough from Mortgage Lab sat down with Luke Meintjes from Heartland Bank to discuss the top 10 myths about Reverse Mortgages.If you would like to contact Heartland Bank to learn more, you can reach them at 0800 85 20 20 or visit their website www.heartland.co.nz.DISCLAIMER: Heartland's lending criteria, fees and charges apply.You can watch a video on the same subject here: www.youtube.com/watch?v=SLKpj8xBPHk&ab_channel=TheMortgageLabIf you are unsure where to start or have any questions, don't hesitate to contact the team at www.mortgagelab.co.nz/contact-us, they are more than willing to help you through this confusing time!You can watch more of these articles by subscribing to our YouTube channel.You can follow us on Facebook, Instagram, Youtube and LinkedIn.You can also learn more from reading our blogs at https://mortgagelab.co.nz/blog/

Whether you are buying your first home, a new home or an investment property, understanding what an offset mortgage is and how it can help you in the long run is crucial. In this podcast Rupert breaksdown what an offset mortgage is and the benefits of having one in your Mortgage Structure.You can watch a video on the same subject here: https://youtu.be/ICGbEIm6UCEIf you are unsure where to start or have any questions, don't hesitate to contact the team at mortgagelab.co.nz/contact-us, they are more than willing to help you through this confusing time!You can watch more of these articles by subscribing to our YouTube channel.You can follow us on Facebook, Instagram, Youtube and LinkedIn.You can also learn more from reading our blogs at mortgagelab.co.nz/what-is-an-offset-account/

Interest rates held by all of the banks are always being updated and be difficult to keep track of if you are not actively working in the industry. In this podcast, Rupert has done the research for you and gives you an update on what the current interest rates are.You can watch a video on the same subject on YouTube here: www.youtube.com/watch?v=jZAZnnfwNkg&ab_channel=TheMortgageLab If you are unsure where to start or have any questions, don't hesitate to contact the team at www.mortgagelab.co.nz/contact-us, they are more than willing to help you through this confusing time!You can watch more of these articles by subscribing to our YouTube channel.You can follow us on Facebook, Instagram, Youtube and LinkedIn.You can also learn more from reading our blogs at www.mortgagelab.co.nz/blog/