First Home Buyers Hot tips
New Home Buyers Hot Tips Part 11: Risks of Mortgagee Auctions:
November 12, 2012 by Kevin Cammell · Leave a Comment
New Home Buyers Hot Tips: Part Eleven:Risks of Mortgagee Auctions: b.) All vendor warranties are deleted. What are the vendor’s Warranties? The most common sale and purchase agreement used in real estate is the one supplied by the Auckland District Law Society. The warranties are set out in clause six. Here is a brief list on […]
New Home Buyers Hot Tips Part 10: Risks of Mortgagee Auctions:
November 11, 2012 by Kevin Cammell · Leave a Comment
New Home Buyers Hot Tips: Part Ten: Risks of Mortgagee The Contract is Binding as soon as the hammer has dropped at the auction. At a normal auction the successful bidder of the auction for the property would normally take over responsibilities from the vendor on settlement date. With a mortgagee auction the new purchaser […]
New Home Buyers Hot Tips Part 9: Private Sales & Mortgagee Auctions
November 10, 2012 by Kevin Cammell · Leave a Comment
New Home Buyers Hot Tips: Part Nine: Private Sales and Mortgagee Auctions: A private sale is where the owner of the home decides to sell their home themselves. This is where they will not use an agent to find the buyers. By not using a real estate agent to sell their property the ramifications to […]
New Home Buyers Hot Tips: Part 8 Auctions:
November 9, 2012 by Kevin Cammell · Leave a Comment
New Home Buyers Hot Tips Property Auctions: At the auctions all sales are unconditional as the property goes under the hammer. You must have all your finance approved in advance and have completed all your checks on the property. Most auctions in New Zealand require a ten percent deposit to be available straight away to […]
New Home Buyers Hot Tips: Part 7:Tenders:
November 8, 2012 by Kevin Cammell · Leave a Comment
New Home Buyers Hot Tips: Part Seven : Tenders Tenders have the combined elements of both the ordinary negotiated sale and auctions. Tenders may be open or there maybe a deadline date by which the tenders should be received by the real estate agent. This is called a closed tender. The tender document can be […]
New Home Buyers Hot Tips: Part 6:What are the different ways I can buy a home:
November 7, 2012 by Kevin Cammell · Leave a Comment
New Home Buyers Hot Tips: Part Six: What are the different ways I can buy a home: What are the different ways I can buy a home? There are several ways in which you can buy a property. They are by negotiation, tender, auction and private sale. Negotiation is where the property is on the market […]
New Home Buyers Hot Tips: Part 5:How can I save money by reducing my Interest bill:
November 6, 2012 by Kevin Cammell · 1 Comment
New Home Buyers Hot Tips: Part Five: How can I save money by reducing my interest bill. What is a way I can save myself money by reducing my interest bill? Or put another way “How can I lower the cost of credit over the life of the loan? There are several ways in which […]
New Home Buyers Hot Tips: Part 3:What is a revolving credit?
November 4, 2012 by Kevin Cammell · Leave a Comment
New Home Buyers Hot Tips: Part Three: What is a revolving credit? What is a revolving credit? A revolving credit facility is a facility which looks like a bank overdraft except it is secured by your home and is normally at the home loan floating rate. This is a very handy facility for those people […]
New Home Buyers Hot Tips: Part 2:What types of Mortgages are available:
November 3, 2012 by Kevin Cammell · Leave a Comment
New Home Buyers Hot tips: Part 2: What types of Mortages are available: What types of mortgages are available? There are three types of mortgages available. Table, Reducing and Interest only. The Table mortgage is the most common one in New Zealand. This is where you pay the same amount through out the life of […]
New Home Buyers Hot Tips: Part 1:What is a mortgage:
November 2, 2012 by Kevin Cammell · Leave a Comment
New Home Buyers Hot Tips: Part 1 : What is a Mortgage: What is a mortgage? When you borrow money to buy a home the lender will secure the loan over the property. The document that secures the property is called a “ Mortgage”. The mortgagor is you the borrower and the mortgagee is the […]
Kevin is a member of the New Zealand Mortgage Brokers Association. The NZMBA promotes standards of professional and ethical conduct, including expert knowledge, integrity, competency and service to clients, lenders and the public of New Zealand.
