EP: 151•
In this episode, we discuss how BNZ is no longer offering pre-approvals to non-bank customers. This has some far-reaching implications for property investors and mortgage brokers.
It likely means that investors and homebuyers will find the property they want first and sign it conditional to finance before taking the property to the bank. This means that the bank will prioritise the deal.
It is also an indication of strength in the banking and property sector ... if the bank is turning down potential business it is likely because they have been inundated with applications, suggesting that there is even more activity in the market. It also means it is more likely that mortgage brokers will become more important as prospective purchasers consult them for advice.
We also mentioned the Epic Guide to Mortgages, a 9,500 word guide that teaches you how to get a mortgage and pay it off faster in 2020.
EP: 2017
In this episode, we discuss dollar cost averaging and how to apply this top property investment.
This includes how you can make more money investing consistently – rather than holding out for the bottom of the market.
Want to become a successful property investor? Opes+ is your one place to run numbers on all your investment properties.” Check out the new app here.
EP: 2016
In this episode, we discuss why property investors need to diversify and think about diversification.
This includes how to make the same money (generate the same return) while lowering your risk.
And how you practically do this as a property investor in NZ.
Want to become a successful property investor? Opes+ is your one place to run numbers on all your investment properties.” Check out the new app here.
EP: 2015
In this episode, we discuss how to deal with bad neighbours. That includes one case where a tenant's neighbours were threatening to poison their dog. We talk through who to call in different situations and a few case studies of when neighbours truly are at war.
Want to become a successful property investor? Opes+ is your one place to run numbers on all your investment properties.” Check out the new app here.
EP: 2014
In this episode, we discuss the exact process to get a mortgage top up. That includes what you can use a mortgage top up for, who you need to talk to, and different ways you can set it up. Ultimately, property investors can use this information to decide whether a mortgage top up is right for them.
Looking to calculate and compare your mortgage repayment options? Use our mortgage calculator to find out your potential monthly payments.