http://www.mymortgage.co.nz/blog/ The latest Blog feeds from www.mymortgage.co.nz en-us Fri, 17 Apr 2026 20:49:46 +1200 Rocketspark http://www.mymortgage.co.nz/blog/post/163435/case-study--why-a-no-from-the-bank-isnt-always-the-final-word-the-200k-equity-oversight/ Some new clients approached us wanting to take advantage of a low interest ‘Green Loan’ to purchase an EV. They had strong income and a solid repayment history. However, when they went direct to the bank before coming to see us, the bank declined the application based on an LVR (Loan to Value Ratio) restriction. The clients were ready to give up on the dream - until we took a look.... Tue, 14 Apr 2026 15:01:05 +1200 http://www.mymortgage.co.nz/blog/#post163435 http://www.mymortgage.co.nz/blog/post/163170/a-guide-to-break-fees-how-they-are-calculated-and-when-to-pay-them/ The New Zealand mortgage market has been on bit of a rollercoaster lately.After a period of reasonably aggressive easing throughout 2025 that saw the Official Cash Rate (OCR) drop to 2.25%, some would suggest the tide appears to be turning.For many homeowners, the big question is no longer "How low will they go?" but rather "Have we hit the bottom?".Most major bank economists, including ANZ and Westpac, are now signaling that the rate-cutting cycle is over, and after April's OCR h... Tue, 07 Apr 2026 09:45:13 +1200 http://www.mymortgage.co.nz/blog/#post163170 http://www.mymortgage.co.nz/blog/post/163169/anzs-new-2-50-renovation-loan-everything-you-need-to-know/ If you’ve been scrolling through kitchen designs or dreaming of updating your bathroom to something a little more modern, you aren’t alone.According to recent data, more Kiwis are choosing to renovate an existing home over selling and buying in the current market.ANZ, as New Zealand's largest bank, has just launched a dedicated Reno Loan. It’s a low-interest top-up designed specifically to kickstart home improvements.But is it the right move for you? Let’s break down the detail... Tue, 07 Apr 2026 09:26:44 +1200 http://www.mymortgage.co.nz/blog/#post163169 http://www.mymortgage.co.nz/blog/post/162100/how-will-the-war-in-the-middle-east-affect-my-interest-rates/ It’s mid-March 2026, and if you’ve been keeping half an eye on the news, you’ll know there’s a fair bit going on both globally and locally.We’ve had talk of oil shortages, ongoing conflict in the Middle East, and a whole lot of economic uncertainty floating around.And naturally, it’s starting to make borrowers a little bit uneasy. So let's dive into what some of these driving factors are, and what we can do about it.... Thu, 19 Mar 2026 06:13:44 +1300 http://www.mymortgage.co.nz/blog/#post162100 http://www.mymortgage.co.nz/blog/post/161205/rates-and-ocr-update--march-2026/ The final OCR announcement of 2025 dropped to 2.25% and most recently on 18 February 2026 has been held. Most economists agree we’ve reached the bottom of the rates cycle and there will be a period of relative stability, especially in the short term rates where the outlook is fairly clear.The Reserve Bank has commented that rates are likely to rise towards the end of 2026, which is a view mirrored by the major banks and is a review of the original position which was 2027 being the start of the... Tue, 03 Mar 2026 09:51:25 +1300 http://www.mymortgage.co.nz/blog/#post161205 http://www.mymortgage.co.nz/blog/post/160365/what-does-a-mortgage-adviser-do/ Buying a home is one of the biggest financial decisions many of us make, and figuring out how to finance it can be overwhelming. That’s where a mortgage advisor comes in. Simply put, a mortgage advisor works on your behalf to arrange and give advice on the best home loan options available, helping make the process easier, clearer and more successful.Your Mortgage Adviser: Your Advocate in the Loan ProcessA mortgage adviser isn’t just someone who fills out paperwork. They’re a pro... Thu, 12 Feb 2026 10:05:08 +1300 http://www.mymortgage.co.nz/blog/#post160365 http://www.mymortgage.co.nz/blog/post/130851/over-50-and-buying-property-heres-what-you-need-to-know-about-home-loans/ For many, the dream of owning a home doesn't retire at 50. In fact, entering the later stages of life can be an ideal time to reassess financial portfolios, consider investing in property, or even buy your first home. However, securing a mortgage after 50 comes with its own set of challenges and considerations. At My Mortgage, we regularly assist clients across a broad age spectrum, from enthusiastic first-time buyers in their 20s to seasoned investors who are well into retirement.... Fri, 17 Oct 2025 00:00:00 +1300 http://www.mymortgage.co.nz/blog/#post130851 http://www.mymortgage.co.nz/blog/post/152887/five-signs-it-might-be-time-to-review-your-mortgage-and-interest-rates/ Life moves fast - and so do interest rates, property values and your own financial goals.A loan structure that was perfect two years ago may not be serving you today.Here’s how to know it’s time to check in and see if a refinance or restructure could save you money or open new opportunities.... Fri, 26 Sep 2025 12:52:34 +1200 http://www.mymortgage.co.nz/blog/#post152887 http://www.mymortgage.co.nz/blog/post/151847/should-i-talk-to-a-budgeting-specialist-or-a-mortgage-adviser-first/ We get this question a lot, especially from first home buyers just starting to think about how to get into the market. "Should I talk to someone about budgeting and saving first, or go straight to a mortgage adviser?" It’s a great question, and the answer really depends on your goals and where you're at financially. So let’s break it down.... Tue, 09 Sep 2025 11:14:18 +1200 http://www.mymortgage.co.nz/blog/#post151847 http://www.mymortgage.co.nz/blog/post/151844/will-the-bank-judge-our-jobs-what-your-career-says-to-a-lender/ We had a great question from a first home buyer recently:“My partner works in hospitality and I’m in accounting. Will the bank look at his job history and think it’s risky? Does your job choice affect whether the bank will lend to you?”Short answer? Yes, but it’s not as scary as it sounds.Let’s break it down in plain English, and talk about what banks are really looking for when it comes to your job, your income, and how “secure” it all seems.... Tue, 09 Sep 2025 10:46:42 +1200 http://www.mymortgage.co.nz/blog/#post151844