Book a 10-minute introductory chat

Get help clarifying your current situation and immediate goals. If you want further help we will then match you with an adviser specialised in your situation.

Categories

Rules, Strategies And Tactics Of The Property Investing Game Revealed.

Have you ever seen how property investors create $500,000+ of profit from a single property purchase? We can show you the case studies. Enrol in the free 21-day email course today.

ASB support options

ASB has launched its home loan support service. They are handling queries via a ‘form’ on your internet banking, or via phone 0800 272 205.

Excerpt from ASB website. Updated 1 April 2020.

Access

For customers seeking greater access to savings and new credit we have introduced:

  • Access to emergency funds via a 90‐day temporary overdraft facility at a concessional interest rate:
    • Up to $5,000 for ASB home loan customers
    • Up to $1,000 for ASB personal customers
      ASB’s lending criteria and terms apply (subject to salary credited to ASB account before 1 March 2020).
  • Waiver of home loan application, top-up and re-documentation fees (Early Repayment Adjustment fees still apply).
  • Early access to term investment funds in cases of hardship for customers that are eligible.

Relief

For customers seeking relief from fixed financial commitments and interest costs, we have options available for you depending on your circumstances.

If your income has been impacted by COVID-19:

  • Interest only repayments on home loans for up to 6 months
  • Mortgage repayment deferral for up to 6 months (interest will still be added to the loan, meaning your loan balance will increase)
  • Interest only and repayment deferral options for personal loan customers

If you have been impacted by any other COVID-19 related reason:

  • Interest only repayments on home loans for up to 3 months
  • Mortgage repayment deferral for up to 3 months (interest will still be added to the loan, meaning your loan balance will increase)
  • Interest only and repayment deferral options for personal loan customers

Important note about mortgage repayment deferral: interest is still charged and added to the loan, meaning your loan balance will increase, and you’ll likely pay more interest overall. Afterwards your repayments will likely be higher unless the loan term is extended.

To understand your borrowing power calculations from ASB and other banks check out this page about mortgage calculations.

Source Link

Share on linkedin
LinkedIn
Share on twitter
Twitter
Share on facebook
Facebook
Book your 10-minute introductory chat. Get clarity on your current situation, goals and next steps.

Instant Online Calculations

Discover all your mortgage options online with our advanced borrowing power calculator.

Results include your borrowing power, restructure savings and more. Make informed plans and get mortgage free. 

Resources to get you started:

The Mortgage Lifecycle will guide your mortgage and property investment decisions.

We created this model to inform our education pathway. Learn to their financial independence, identify your stage and what you should focus on right now.

Excellent advice makes your life easier and more successful.

Learn what to expect at every stage of our advice process, and ‘why’ we’ve structured it this way for you.

Spend 3 hours virtually with Blandon. Attend a Masterclass.

For each of the three stages in the mortgage lifecycle, we have a paid masterclass to unpack exactly where you are, what options you have now and what strategies you should implement today.

Popular Articles and Pages

NZ Mortgage Rates

NZ Mortgage Rates Guide to Mortgage Rates Mortgage rates in NZ get a lot of press because interest rates hugely impact the cost of borrowing

Read More