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The Ultimate Guide To Mortgages In New Zealand⎥Ep. 2146
Manage episode 496855535 series 2620646
Getting a mortgage isn’t just about picking the bank with the best rate. There are key decisions and financial tests you need to understand before the bank will lend you money.
In this episode, we break down everything you need to know to master your mortgage – from figuring out how much you can borrow, to setting up your loan the right way.
You’ll learn:
- The 3 bank tests you must pass before you can get a mortgage
- How to calculate your repayments using the “mortgage factor”
- Why the structure of your mortgage (term, type, and payment timing) matters more than you think
Don't forget to create your free Opes+ account here.
For more from Opes Partners:
- Sign up for the weekly Private Property newsletter
- Instagram
- TikTok
2239 episodes
Manage episode 496855535 series 2620646
Getting a mortgage isn’t just about picking the bank with the best rate. There are key decisions and financial tests you need to understand before the bank will lend you money.
In this episode, we break down everything you need to know to master your mortgage – from figuring out how much you can borrow, to setting up your loan the right way.
You’ll learn:
- The 3 bank tests you must pass before you can get a mortgage
- How to calculate your repayments using the “mortgage factor”
- Why the structure of your mortgage (term, type, and payment timing) matters more than you think
Don't forget to create your free Opes+ account here.
For more from Opes Partners:
- Sign up for the weekly Private Property newsletter
- Instagram
- TikTok
2239 episodes
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