Retiring with mortgage debt

Mar 19, 2018 12:00:00 AM

An alarming number of New Zealanders will retire with mortgage debt, says credit rating business Credit Simple, indicating that a financially secure retirement is out of reach for many Kiwis. But it needn’t be. Planning ahead today goes a long way towards securing your retirement income stream tomorrow.

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Topics: Retirement, Mortgages, NZ Finance, Home Loan, NZ Property, reverse mortgage, NZ Property Market, Mortgage Debt

Is a reverse mortgage an option?

Mar 15, 2018 11:04:52 AM

Many retirees depend entirely on their NZ Superannuation for their income during retirement. As a result, money can be tight, and any unexpected expenses can leave a sizeable hole in the budget. That’s where a reverse mortgage may be an option. A reverse mortgage could free up some much-needed cash when times are tough, but it’s important you understand the pros and cons of this type of lending.

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Topics: Mortgages, NZ Finance, Home Loan, NZ Property, reverse mortgage, NZ Property Market

Are you too old to get a mortgage?

Apr 27, 2017 10:21:10 AM

If you’re already in your mid-30’s and only now buying your first home, fear not, you’re not alone. Research undertaken by Westpac in 2016 shows the average age of first home buyers has reached 34. And that number could continue to creep up, with first home buyers taking mortgages out for longer and pushing their repayment terms into retirement age. Are you too old to get a mortgage?

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Topics: Mortgages

Making your home equity work for you

Mar 24, 2017 7:36:48 AM

Across most of Australia and New Zealand house prices have jumped considerably over the past 10 years (2006-2016). There’s no doubt that a lot of our wealth is locked up in real estate. But how do you access that wealth? And how do you make your biggest asset work harder for you? Read on to find out how you can make your home equity work for you.

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Topics: Mortgage Advisers, Refinancing Options, Mortgages, Home Equity

What to think about when buying property with family or friends

Mar 24, 2017 7:14:03 AM

As property prices continue to rise, buyers are finding smarter ways to get onto the property ladder. Sharing a mortgage with friends or family is a viable option for many buyers, and it’s gaining popularity amongst first-home buyers who may be struggling to enter the property market. Could it be the right option for you?

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Topics: Buy a Home, Mortgages

Strategies for taking control of your mortgage

Feb 28, 2017 4:38:03 AM

With house prices reaching record-high levels, the amount of debt that home owners are having to take on is quite staggering when compared to previous generations. If you’re fortunate enough to own your own home, you’ve likely already experienced some form of mortgage stress. Have a look at these simple strategies that will help you take control of your mortgage and relieve some of the mortgage stress you may be feeling.

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Topics: Lifestyle, Finance, Mortgages, Review of Income and Expenses

Think ahead when buying your home

Feb 27, 2017 11:58:20 AM

While New Zealand’s interest rate is as low as it’s ever been, many home buyers have been tempted into spending more. But, as Finance Minister Steven Joyce warns, it’s vital that buyers think ahead when buying property, and take into consideration whether their mortgage debt will still be affordable in three or four years’ time if rates were to rise. Read on to find out more.

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Topics: Buy a Home, Mortgages, NZ Finance

NZ property: what can we expect in 2017?

Jan 17, 2017 4:25:11 AM

Following two years of double-digit house price increases, lending restrictions and rising mortgage rates look set to slow house prices in 2017. In this month’s finance article, we take a closer look at the influences that could affect the housing sector in 2017, following Westpac’s latest Home Truths report which outlines predictions of a more subdued housing market outlook for the year ahead.

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Topics: Mortgages, LVR, Property, Housing Market, REINZ

Ways to save in 2017

Jan 13, 2017 5:43:42 AM

If 2017 is the year you kick your spending habits and get on the road to saving, then read on. When it comes to saving money, making a few changes to old habits can result in significant savings. To get your finances off to a good start in 2017, we’re sharing our top tips for saving.


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Topics: Mortgages, Savings, Budget, Resolutions, 2017

Arranging your home for a summer sale

Dec 13, 2016 7:51:28 AM

Selling your home in summer lets you show it off at its very best. But enticing prospective buyers in can be tricky, when many prefer to avoid attending open homes when it’s just too hot. To help get your home summer-ready in time to sell, we’re sharing our tips. Embrace those lazy summer days with a few simple chores to make your home a cool and welcoming oasis for prospective buyers.

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Topics: Property Tips, Mortgage Advisers, Mortgages, Summer, Selling your Home