Risks and Rewards of Being a Guarantor

Nov 26, 2020 8:11:50 AM

Many young people turn to the “Bank of Mum and Dad” to help buy a first home. By using their own home as security to guarantee part of the deposit, parents are helping their children get into a first home much sooner. If you’ve been asked to step in and act as guarantor, it’s important you understand just what it is you’re guaranteeing, and how it could impact your own financial position.


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Topics: First Home Buyer, Buying and Selling Property, Home Loans

Christmas Money Saving Tips

Nov 19, 2020 1:52:46 PM

Many of us are feeling the financial crunch after an especially tough year. And with the festive season fast approaching, the added pressure of extra expenses like gifts and entertainment is an obvious concern. So that you don’t have to start the new year struggling to repay the cost of this festive season, take a look at these creative and meaningful ways to celebrate Christmas without straining your budget.


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Topics: Financial Health, Health and Wellbeing

Why Choose a Mortgage Adviser?

Nov 18, 2020 1:48:45 PM

Working with a mortgage adviser not only puts you in the best possible position when it comes to applying for a home loan – particularly as a first home buyer – it also means you have access to a much greater selection of financial options, which means finding the right mortgage to fit your unique situation. But that’s not all. Read on to find out why it pays to work with a mortgage adviser when applying for a mortgage – be it owner-occupied or investment.


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Topics: Mortgage Advisers, Buying and Selling Property, Home Loans

Home Loan Options for First Home Buyers

Nov 4, 2020 1:23:16 PM

For most first home buyers, the biggest hurdle is saving the 20 per cent deposit that many lenders require. Trying to keep up with rising house prices while saving a big enough deposit can feel impossible! If you’ve already started saving but you’re not quite there yet, there are other deposit options available to first home buyers that could make owning a first home a reality much sooner.


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Topics: First Home Buyer, Buying and Selling Property

5 Ways to Pay Off Your Mortgage Faster

Nov 4, 2020 1:07:22 PM

Most homeowners long for the day when they’ll be mortgage-free. But that can feel a bit like a distant dream with no clear path to get there. Depending on your loan term, you could be paying back your mortgage until well past your retirement age, potentially never fully “owning” your home. If the thought of being mortgage-free appeals to you, here are 5 ways you could pay off your mortgage faster.


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Topics: Financial Health, Buying and Selling Property

What to Think About When Writing a Will

Oct 20, 2020 6:33:45 AM

Lockdown in New Zealand sparked a flurry of people enquiring about writing their Will*. But it’s not just in a pandemic when an important legal Will needs serious consideration. While most people prefer not to think too much about what will happen when they pass, without a Will, your assets may be distributed according to the law of New Zealand (the Administration Act 1969), which may not be in line with your wishes. Take a look at these 5 things to consider when writing a Will.


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Topics: Financial Health, Health and Wellbeing, Buying and Selling Property

Buying a Home, Post-COVID

Oct 19, 2020 6:28:18 AM

The New Zealand property market is booming, despite economists’ doom-and-gloom predictions earlier this year. Historically low interest rates, the removal of loan-to-value restrictions, and more New Zealanders returning home from overseas because of COVID-19 has seen a growing number of first home buyers entering the market. If you’re considering applying for a mortgage at this time, here are some things you can do to prepare yourself.


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Topics: Financial Health, COVID-19, Buying and Selling Property

Navigating Your Finances in a Pandemic

Oct 8, 2020 12:59:46 PM

COVID-19 has impacted not only the way we work, go to school or socialize; for many, it’s had a significant financial impact too. Job loss or reduced hours has meant more people have to rely on credit or even miss repayments on financial commitments due to financial strain. While your health and wellbeing are understandably top of mind right now, it’s just as important you keep your credit score in the best possible shape. Here’s why.


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Topics: Financial Health, Health and Wellbeing, COVID-19

Staying Safe Online

Oct 7, 2020 12:54:58 PM

Over the last month, some of New Zealand’s biggest companies have been hit by cyber-attacks. Among those targeted were the New Zealand Stock Exchange, MetService, Westpac and several large media companies. The recent spate of cyber-attacks has been attributed to a growing shift in companies working remotely because of COVID-19, and is a timely reminder of the importance of cyber-safety for anyone accessing online services.


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Topics: Financial Health, Health and Wellbeing, Buying and Selling Property

When Did You Last Review Your Mortgage?

Sep 24, 2020 9:17:59 AM

Home loan interest rates have fallen to historic lows in 2020 and economists are predicting even lower mortgage interest rates in the months ahead in response to the economic fall-out from COVID-19. Lower interest rates mean more opportunities for both homeowners and first home buyers looking to enter the market, with more affordable repayments and the potential to get debt-free faster. If you haven’t reviewed your mortgage in a while, now’s a good time to do that.


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Topics: Mortgage Advisers, First Home Buyer, Buying and Selling Property