The Mortgage Company

5% Home loans are back! May be not for too long.

The Mortgage Company updated their phone number.

Our The Mortgage Company Men's Reserves finished off their season with a 3-1 win over Wainuiomata AFC on a cold, rainy Monday evening.

On behalf of the team and the club as a whole, we'd like to sincerely thank Vik at The Mortgage Company for his support this season!

We are delighted to have you as part of the VUWAFC whānau this year 💛💚

Well done team! Thank you for making me part of your team.

SPONSOR SHOUT OUT | We are delighted to work with The Mortgage Company this season! The Mortgage Company are the name sponsor of our Men's Reserves, and we are incredibly thankful for their generosity.
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If you're looking to enter the property market, check out their website or email [email protected]. Vik is the expert that can guide you through the stormy waters of the property market and help you find a home loan solution that works for you.
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Club football wouldn't be possible without the help of our community, and we can't thank Vik enough for his support this season!
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https://themortgagecompany.co.nz/

This could be yours! Home sweet home.

https://propertyshowcase.com/52BTruscottAve?utm_source=facebook&utm_medium=social&utm_campaign=aim&utm_content=108390

52B Truscott Avenue, Johnsonville 52B Truscott Avenue - Trust in Truscott!

Today marks the 1st year of THE MORTGAGE COMPANY with many more successful years to go.
Thank you everyone for your support so far and can’t wait to work with you again 🙏

If there is a major downturn in the property market, which cities will get affected the most and which ones the least?
Property Vulnerability Index developed by property data company CoreLogic has come out; this is not to forecast house prices but to show the current risk levels of the regions and cities.

https://www.interest.co.nz/property/112693/christchurchs-property-market-would-be-least-vulnerable-main-centre-downturn

Auckland and Queenstown property markets vulnerable in a downturn, says CoreLogic Christchurch's property market would be the least vulnerable main centre in a downturn CoreLogic says

Some good news for all sorts of buyers.

A property that received Code of Compliance Certificate (CCC) on or after 27/02/2020 will be eligible for interest deductibility for up to 20 years from it’s CCC issue date. There is more to it.
Rules for existing houses are different for investors.

Will this free up some stock for the 1st home buyers this summer? Time will tell.

Let’s get those approvals going!

https://www.beehive.govt.nz/release/details-interest-deductibility-rules-released?utm_source=8+Things+Subscribers&utm_campaign=9707d3a895-RSS_EMAIL_CAMPAIGN&utm_medium=email&utm_term=0_2412c1d355-9707d3a895-140849546

Details of interest deductibility rules released The Government has released the draft legislation outlining the details of the policy limiting the deductibility of interest costs on residential property investments.

Looking for finance? Talk to me to finance the below listed property or any other property you may have in mind.

TERRAMARK REAL ESTATE – Real Estate & Relationships

Will the other banks follow ASB? If you are looking to build your dream home, talk to us now.

https://www.interest.co.nz/personal-finance/110422/asb-launches-home-loan-new-builds-179-floating-interest-rate-using-cheap

ASB launches a home loan for new-builds with a 1.79% floating interest rate, using cheap RBNZ funding. In addition it is offering a cash incentive if the new home has a high energy efficiency rating ASB launches a home loan for new-builds with a 1.79% floating interest rate, using cheap RBNZ funding. In addition it is offering a cash incentive if the new home has a high energy efficiency rating

What do you think? How much will these measures help to reduce the prices or to stabilize the market?

Changes in income capping for the 1st home buyers;
Money to help to increase housing supply;
Changes for investors (more to come in May);

If you are a 1st home buyer you might want to look at the changes as per below.
Investors - There is always another option to achieve your goal.

Let's talk about it.
https://www.nzherald.co.nz/nz/housing-crisis-38b-housing-package-unveiled-speculators-to-be-stung-by-bright-line-test-extension/7VPSYR42A6UZO7B2UTGKYC3GVM/

Housing crisis: $3.8b housing package unveiled; Speculators to be stung by bright-line test extension - NZ Herald First home buyers have been given a lifeline.

Officially we are up and running 🙂
Here is why we created this company:

The Mortgage Company was a seed that a 8-years young girl (Maira) planted in her dad’s heart. One day when Vik came home from his banking job, his daughter saw that he was not the “usual” happy person. She asked him what happened, and Vik explained about a lovely family with a little child who could not get a home loan approval from the bank. She asked if he could get it from another bank. Vik told her he can only access one bank; little Maira then told her dad to do something about it and find a solution instead of taking a “no” for an answer. The idea was clear, a solution-oriented company was formed to ensure individuals and families can get trusted advice to achieve their goals.