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Rates change all the time. Keep up to date with the latest activity so you can manage your mortgage and pay-it-off faster.
How good are your systems?
Mortgage brokers will need to ensure that their processes provide enough evidence that they’ve assessed the suitability of each borrower’s loan under the Credit Contacts and Financial Services Law Reform Bill.
RBNZ could relax LVR rules: Westpac
Loan-to-value restrictions on mortgage lending have probably had a bigger impact on the market than the Reserve Bank had expected and might prompt it to relax the rules, Westpac’s economists said today.
Higher rates give RBNZ scope to lift LVR rules
Loan-to-value restrictions may be eased as interest rates move back to more normal levels, Reserve Bank deputy governor Grant Spencer says.
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