Mint Financial Limited

07/03/2024

Always a pleasure working with you both and I am glad to be apart of your homeownership journey ❤️..
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06/03/2024

23/02/2024

It was a pleasure to work with you and im glad to be part of your First Home purchase. Now on to the next property!! 😆

18/02/2024

I was given the opportunity to join Ryan J Melton for a podcast episode at NZ Business Owners/One Day Clips.
It was a great conversation with unexpected topics, which provide lots of laughter and information.
I hope this will give some insights to business owners out there who are/will be looking to apply for a home loan in the near future. My goal is to make your homeownership journey as smooth and easy as possible by ensuring you understand the full process, lender's requirements which then help you to be fully prepared.

Chapters
00:00 Introduction
00:00 Meet Lillian: A Mortgage Advisor
00:47 Lillian's Origin Story: From Vietnam to New Zealand
01:16 Overcoming Fear: Lillian's Swimming Journey
05:30 Education Differences: Vietnam vs New Zealand
12:59 Cultural Adaptation: Fitting into a New Society
18:35 Exploring Vietnam: A Native's Perspective
24:15 Discussing the Intricacies of Tunnels
24:47 Understanding Different Cultures
25:07 Exploring Personal Education and Career Paths
26:10 The Journey from Checkout Manager to Bank Employee
28:59 Insights into Helping Self-Employed Clients
30:24 The Importance of Financial Statements and Open Communication
31:09 The Balance Between Paying Taxes and Getting a Mortgage
34:14 The Pros and Cons of Buying a House
36:52 Understanding the Current Property Market
51:08 The Debate: Renting vs Buying a House
52:45 Final Thoughts and Advice for First-Time Home Buyers

06/12/2023

Latest report from Barfoot and Thompson (the Biggest Real Estate Agency in Auckland) showed an increased is property sold in November.
- up by 13% compared to Oct 2023
- up by 37% compared to Nov 2022
Selling price have also increased
- up by 9% compared to Oct, average $1,185,820

Market confidence is returning!

Dream of owning your own home? Get in touch and see how we can get you step into the market.

05/10/2023

OFFICIAL CASH RATE REMAIN AT 5.50%.
Is this positive or negative news?

Interest rate/Monetary policy is measures that the RBNZ uses to control inflation.

The current monetary conditions are restricting spending and reducing inflationary pressure. While supply constraints in the economy continue to ease, inflation remains too high. Spending needs to remain subdued to better match the economy’s ability to supply goods and services so that consumer price inflation returns to its target range of between 1-3%.

So, potentially, the interest rate may still increase for a little longer.

What should homeowners or property investors do?
- Keep expenses low/down
- Hold on
=> property goes in cycle, spring will surely follow winter, and there's always rainbow after a storm 🌈.

If you are starting to struggle or currently struggle with your mortgage, reach out to your advisers or contact me so we can work on a solution 😊.

19/05/2023

A crowded room at Ray White Manukau Office this week.

44 bids for a $742K leaky home, 80 bids for a South Auckland bungalow (sold for $1.704m).

Source from OneRoof - It was like a swamp, even though we are heading into what is traditionally the worse time of the year for selling and buying properties.
Link: https://www.oneroof.co.nz/news/it-was-a-swarm-44-bids-for-740k-leaky-home-80-bids-for-south-auckland-bungalow-43598.
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04/05/2023

**live deals only - this means that you have to supply a signed Sales and Purchase Agreement (can be conditional, subject to finance)
** must be for Owner Occupied Property
** No boarder or flatmate income
** High LVR lending is still limited so we will need to act quickly to secure the funding!

Contact me NOW to discuss your options ☺️.
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01/05/2023

ANZ has announced a reduction on the 2-3 years rate. The sign of rates going down in the future is clearer, happy days 👏 👏 .
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28/04/2023

LVR restrictions were put in place by RBNZ to built resilience in the financial system, which has been evident in the past year as house prices have fallen without widespread impacts to financial stability.

“…The risk to financial stability has reduced to a level to a level where the current restrictions may be unnecessarily reducing efficiency…” says by Deputy Governor Christian Hawkesby.

Starting from 1 June 2023:

- 15% (previously 10%) limit for loans with LVR above 80% for owner occupiers, and
- 5% limit for loans with LVR above 65% (previously 60%) for investors

This is an awesome news as there are more fundings available for all First Home Buyers with Low Deposit and Investors now requires only 35% (previously 40%) deposit for an investment property.

Happy days.

Link - https://www.rbnz.govt.nz/hub/news/2023/04/reserve-bank-proposes-to-ease-lvr-restrictions.
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19/04/2023

A little delayed, but ASB Bank has just announced an increased in their Home Loan Rates followed the recent rise in OCR announced on 05 April 2023. However, we continue to see a reduction of interest rates for the longer fix terms (3-5 years). An indication that rates will be decreasing in the near future. 👏.
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