Tahei & Rua - Vega Mortgages

The number of homes available for sale has almost doubled over the last 12 months, and asking prices are tumbling. In Auckland the average asking declined from its January peak of $1,279,330 to $1,167,121 at the end of June, a drop of $112,209 (-8.8%).

"The latest figures also suggest that vendors are recognising that buyers now have more choice, and are adjusting their price expectations downwards".

The number of homes for sale has almost doubled in the last year, asking prices plunging The average asking price of homes in Auckland has declined by $112,209 since January

Needing to fix that home loan, or apply for a new one? ✍

We work with the banks to ensure the best deal for our clients.
Let us do all the hard work for you!

Tahei Simpson 021 507 073
[email protected]

Rua Tipoki 021 861 356
[email protected]

As an entrepreneur, you’ve probably suffered from business income loss due to unexpected events such as a fire, theft, flooding, or machinery breakdown. And we all know how difficult it can be for your business to recover from such a loss. In fact, some businesses have shut down due to losses from unplanned calamities.

Business interruption insurance, simply referred to as BI, covers your business from lost income after the occurrence of insured damage. A BI cover puts your earnings back to where they were before the unavoidable business insurance interruption occurred.

If you're wanting to learn more about what business interruption insurance is and how it can work for you follow the link below.

What Does Business Interruption Insurance Cover? As an entrepreneur, you’ve probably suffered from business income loss due to unexpected events such as a fire, theft, flooding, or machinery breakdown. And we all know how difficult it can be for your business to recover from such a loss. In fact, some businesses have shut down due to losses from...

Fixed vs. Floating mortgage rates 📈

Fixed rate loan ✍️

As this term suggests, your loan’s interest rate is fixed for a period of your choosing between 6 months and 5 years.
You’d choose a fixed rate mortgage to know exactly what you’re paying for the term of the loan. This is a good option too if you think interest rates will rise because a fixed term loan will lock your rate in for your chosen period.

Floating loan ✍️

Also referred to as a variable rate loan, your mortgage’s interest rate rises or falls based on market shifts that are linked to the Official Cash Rate.
Due to market uncertainties, floating rates are often higher than fixed rates, so this kind of mortgage approach is used when you need to be strategic in the short term.

You also have the option of splitting your mortgage between a fixed and floating rate. This way you can make additional repayments on the floating mortgage portion without being charged extra on the fixed rate side. Choosing this option comes down to personal preferences.

For more information, head to the Vega website or give us a call.
https://vegalend.co.nz/mortgages/

Tahei Simpson 021 507 073
[email protected]

Rua Tipoki 021 861 356
[email protected]