Mortgage advisers say borrowers should be aware of and understand mortgage affordability “test rates” rather than being kept in the dark.
A non-major has raised its industry leading low rate for one year fixed home loans above four per cent.
The insurance sector has called on the government for more transparency in commission and incentive related disclosure to clients but a mortgage adviser says this is needed in the loan writing sector too
More than half of Kiwis with a mortgage appear confident in their ability to cope with interest rate rises, a new survey reveals
The Reserve Bank says the finance sector, regulators and other authorities all have a part to play in tackling the threats
Looking after someone else’s home is one of the tactics that would-be homeowners are adopting in a bid to boost their home savings