Low equity loans

Average price paid by first home buyers dropped to lowest level in almost a year in July

Average price paid by first home buyers dropped to lowest level in almost a year in July

More than half the $1.68 billion approved for first home buyer mortgages in May was for low equity loans

More than half the $1.68 billion approved for first home buyer mortgages in May was for low equity loans

Average size of mortgages approved to first home buyers is almost $600,000 and more than 40% are low equity loans

Average size of mortgages approved to first home buyers is almost $600,000 and more than 40% are low equity loans

First home buyer activity is flat but record numbers are taking out low equity mortgages to get into homes of their own

First home buyer activity is flat but record numbers are taking out low equity mortgages to get into homes of their own

Just over 40% of mortgages approved to first home buyers in April were low equity loans

Just over 40% of mortgages approved to first home buyers in April were low equity loans

Falling interest rates not having much affect on the amount first home buyers are paying for a home

Falling interest rates not having much affect on the amount first home buyers are paying for a home

Latest figures suggest about 5000 people a month are moving into a home of their own for the first time

Latest figures suggest about 5000 people a month are moving into a home of their own for the first time

Not many options in the upper North Island for aspiring first home buyers with less than a 20% deposit

Not many options in the upper North Island for aspiring first home buyers with less than a 20% deposit

At last some good news for first home buyers as a combination of falling prices and lower interest rates substantially reduce the cost of home ownership

At last some good news for first home buyers as a combination of falling prices and lower interest rates substantially reduce the cost of home ownership

Housing market downturn is helping first home buyers get into a home of their own

Housing market downturn is helping first home buyers get into a home of their own

Banks typically charge low equity fees for borrowers with deposits below 20%. Are these reapplied if equity rises above 20% and then drops back below 20%?

Banks typically charge low equity fees for borrowers with deposits below 20%. Are these reapplied if equity rises above 20% and then drops back below 20%?

Banks are lending more to first home buyers with less than a 20% deposit

Banks are lending more to first home buyers with less than a 20% deposit

First home buyers are paying $659,481 on average to get into a home of their own

First home buyers are paying $659,481 on average to get into a home of their own

Average amount first home buyers are paying for a home dropped by almost $17,000 last month

Average amount first home buyers are paying for a home dropped by almost $17,000 last month

Small moves in house prices and interest rates in June leave home loan affordability little changed

Small moves in house prices and interest rates in June leave home loan affordability little changed