Case study: What to do when the bank says ‘No’… The situation… Bank declines couple’s request to continue paying interest-only on a portion of their lending, as they had reached the maximum interest-only period. With the couple facing a significant rise in mortgage repayments after interest rate hikes over the previous 5-years, Threefold helps the […]
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Understanding the Changes to Debt to Income Ratios A debt to income (DTI) ratio is a metric used by lenders to assess a borrower’s ability to manage monthly debt payments and repay a mortgage. It is commonly used in many overseas markets, but it a new metric in New Zealand. The DTI is calculated by
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Refinancing Considerations “If you fail to plan, you are planning to fail!” Picture this: you’re lounging on your deck soaking in those last few rays of autumnal sunshine, sipping a freshly brewed coffee and secure in the knowing that your mortgage is working for you, not against you. However, with many Kiwi’s mortgages coming up
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