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Mortgage application declined? Don’t despair

What to do when your bank says ‘no deal’ to your mortgage application. Get to grips with the main reasons your mortgage application was declined and what you can do to boost your chances of your loan being approved next time you apply.

First-home buyers spend nearly half pay on mortgage

Mortgage payments for Auckland's most affordable homes are costing first-time buyers nearly half their take-home pay each week, a new report shows.The AMP360 Home Loan Affordability report, released yesterday, identified young couples,…

mortgage loans down 25%

mortgage loans drawn down in February decreased 24.8% month-on-month to $16 billion, the Monetary Authority announced today. mortgage loans approved decreased 12.1% to $26.7 billion. Among these, mortgage loans for primary market transactions dropped 24.2% to $6 billion, and those for secondary market transactions fell 10.9% to $15.9 billion. mortgage loans for refinancing rose 3.7% to $4.8 …