It’s a thing, we kiwis love our property and for good reason, its one of the best investments you’ll ever make, and we all need a place called home and to make it your own.
Whether it’s your first home to get you started on the property ladder or your 21st, there’s no comparing the feeling of driving up the driveway knowing you’ve placed your future in good hands … yours.
With a home being one of your biggest financial commitments and a medley of living facilities, investment, and lifelong memories made, it’s important to ensure you’ve structured the right package to best support your income and lifestyle requirements and take you on to a bright future.
Cue Infinance … with a vast array of mortgage products available through banks and non-bank lenders and long-standing systems in place provided through Link Financial Group, Infinance has the facilities and back up to determine the appropriate package for you now and with ongoing reviews can monitor and modify to keep pace with any changing circumstances going forward.
Personal Mortgages
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The most exciting of all, your very first home to call your own, off the rental bandwagon and on the property ladder and … making a financial commitment to your future.
How do you do it?
You’ll need some equity, 20% at least to be precise in most cases and the more you have the better the rates can be, its all about rate for risk you see. There are avenues for a smaller deposit that can be explored but 20% or more is ideal.
How do I get a 20% deposit?
Consider the following options:
Savings – evidencing a nice savings history and with the balance, you may be paying in rent now totaling the proposed mortgage payments will hold you in good stead.
Bank of mum and dad – acting as guarantor, depending on the situation and if they’re happy to have a security placed on their home usually to the amount of the deposit you don’t have. Need to be comfortable with the fact they will be responsible if you default on payments however, lending still needs to be affordable.
Gifted deposits are accepted however showing 5% from own savings is looked favourable upon.
Low deposit home loans – with a First Home Loan with a product supported by the Govt and operated through Kainga-Ora Homes and Communities, this can allow for a deposit of 5%.
Give us a call, email or complete the enquiry form to explore the possibilities.
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We’re sometime down the track from your first home and some equity has been developed, now it’s time to upgrade to another home to suit your perhaps now changed situation.
This can take on many forms and some things to consider include:
Do I buy first and get a bridging loan?
Do I sell first?
What happens to the existing mortgage, how do we transition?
Here at Infinance, we can walk you through the process to get this done.
Give us a call, email or complete the enquiry form to explore the possibilities.
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One of our favourite investments in NZ is residential property which is great as it provides homes for those requiring to rent and … creates an investment portfolio for you along the way.
Whether it’s for a spec build, renovation or long term investment there are many aspects to consider around how to structure the mortgage to your best advantage.
Consider the following:
Do you put in a deposit or use equity in another home?
What is the best entity in which to own the property?
Do I include an interest only portion?
What’s the best structure to take advantage of current tax laws?
Infinance can provide answers to these questions and more.
Give us a call, email or complete the enquiry form to explore the possibilities.
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Say you love your home, right location, right schools, got the views, but it’s looking a bit like it’s been around a while or you need to stretch out and make it a bit bigger … time to think about renovations.
There are lots of companies out there that specialise in renovations and can provide you with an idea as to what to expect it will cost to do it all.
Depending on how large you go on your renovation will determine whether you -
• Top up the mortgage
• Take an equity loan
• Redraw facility
• Renovation / construction loan
Some of these are straightforward, however, if you’re making structural changes there are a few more things we will need to know, either way, a new kitchen, bathroom or full-scale re-model will not only add value to your home but put a smile on your face for a long time to come, well worth the investment either way.
Give us a call, email or complete the enquiry form to explore the possibilities.
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Dream it, built it, love it.
With the current Reserve Bank LVR laws you can get into a new build home with a low 10% deposit. These loans allow you to choose a section and house design and using a fixed price contract ensures you don’t run into production overruns.
Your options might be –
House and land package with landscaped gardens - which can comprise of two types –
- Finding a housing company and choosing from a section they have available and a plan that can be customised to some degree allowing you scope to make it your own.
- An already completed or near completion new build on a section means you can be close to moving in.
Lenders like these packages as they are built to spec and a set price without cost overruns.
Design and build – get excited as this is where you get to let your imagination run wild and bring your dream home to life.
Whether it’s a new section, subdividing or bowl and build, you get to work with the architect, designer and builder on your plans, arrange the building consents and manage the build, or hire a professional to do it for you. Being a bespoke build can run into delays and cost overruns so good communication and understanding of the plans and expectations from the start is paramount.
Kitset homes – feel like a bit of DIY - with the company supplying the plans and major building materials for your new house, you get to take control of the building process or get someone to do it for you with your help. A practical choice, usually quick and easy to build and produces a great result as you did it.
While you take care of the building, finding the right construction loan for your build is the domain of Infinance who can walk you through the process from explaining the types of loans available, arranging paperwork through to loan approval and ensuring progress payments work smoothly.
Give us a call, email or complete the enquiry form to explore the possibilities.
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Land bank, spec build or forever home, it all starts with a new section.
Starting off with a section gives you the opportunity to spend time designing your new home, how does the sun work, the wind factor, getting the most from the views are all factors to consider in which way to build, where does the driveway go and best utilising available space.
It’s exciting and can be a bit scary all in one but breaking it down into small pieces helps manage the process.
Ultimately its not just about the section, you’re going to have to allow for the fact you’ll be building a home on it at some point.
Infinance can walk you through the process of getting that done, arranging the funding for the section and imminent build.
Give us a call, email or complete the enquiry form to explore the possibilities.
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Escape to the country, well fringes anyway, giving you space to spread out and let the kids run free is the kiwi dream for a lot of people, maybe have a few pets or some livestock or room for the budding equestrian … it’s all pretty nice.
Getting there is the domain of Infinance, sorting the funding so its all possible as well as the gear you might need to operate this wee venture, some of those lawns are pretty big, do you really want to walk it. Then there’s the fact you might have a shed you need to fill with toys, because you can.
Give us a call, email or complete the enquiry form to explore the possibilities.
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it might be a place in your favourite holiday destination that you and the family just want to go and chill and relax or take a short break to or it may even be used as an Airbnb to help cover costs and / or mortgage payments, either way it’s an investment that’s going to stand the test of time and be a valuable family asset for the future. Family’s grow and dynamics change and the favourite holiday home can be a future gathering place for generations to come.
Infinance are well placed to provide facilities to make that happen.
Give us a call, email or complete the enquiry form to explore the possibilities.
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The time comes around eventually when the fixed rate term is up and you need to refix, or circumstances have changed and you want to review and perhaps rework to best suit your new requirements or meet market changes.
There are a lot of options through banks and non-bank lenders that can provide you with benefits and it’s an ever-changing landscape with new products and incentives emerging but it’s not all about that. Structuring your loan to best suit your requirements can include one or a combination of fixed rate, floating rate, revolving credit account, capped rate or an offset mortgage.
Keeping abreast of it all can be a bit of a mission particularly as there are so many lenders and choices to consider, that’s where Infinance is well placed to take care of it, with the latest information at hand the job is taken care of while you get on with what you do.
Give us a call, email or complete the enquiry form to explore the possibilities.
Commercial lending is a sector in its own right and has a particular set of fundamentals that make it what it is. Very much a growth sector the potential is huge for valuable economic activity, after all, it’s the catalyst for vast amounts of employment and an integral part of the economic framework of the nation with multiple integrations of industry creating further business – it’s a vital sector.
Commercial Mortgages
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Buying a property for investment / business operation purposes is a major step in taking control of your business future with benefits in capital appreciation, tax deductibility and operational security.
With multiple lenders available in this space, Infinance can structure a package to best suit your operational / investment criteria and conduct reviews going forward to ensure it’s still meeting requirements.
Operational costs can also be encompassed in the total operating package.
Give us a call, email or complete the enquiry form to explore the possibilities.
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Whether its building units or a warehouse, retail complex or any number of facilities, or securing the land itself to begin with, there’s a solution that can be worked to suit amongst our many providers.
Give us a call, email or complete the enquiry form to explore the possibilities.
While it’s still a commercial operation, rural gets its own segment because there’s nothing quite like it, and it comes with its own set of characteristics and requirements.
As a major economic player it’s also home to thousands of hard-working kiwis out there doing it and enjoying the special place that living in the country is, its quintessential NZ and comes with its own brand of identity that’s long been recognised on the international stage and embellishes what NZ is all about … and we love it.
Getting in behind the rural community and business is what Infinance is all about and ensuring a long and prosperous future for our agricultural industries is paramount to the future of the whole country.
Rural Mortgages
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Buying a rural property and looking to include operational funding, there are many facilities available in the Infinance suite to cater to your requirements.
This can include property purchase, livestock funding and plant and equipment.
Give us a call, email or complete the enquiry form to explore the possibilities.