5 Steps to becoming debt-free

Dec 17, 2018 11:38:08 AM

Online shopping means spending money has never been easier. The convenience of never having to leave home to buy everything you need comes at a price though, as it’s just as easy to overspend and end up in debt. The good news is it is possible to break that cycle of overspending and be debt-free. We share a few simple steps to help get you started.


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Topics: Mortgage Debt, Debt-free, Christmas spending, Christmas Debt, Household Debt, Debt to Income Ratio, Debt Consolidation

Would Debt-to-Income restrictions solve the housing problem?

Jul 17, 2017 9:00:00 AM

Earlier in June 2017, the Reserve Bank released a consultation paper on setting restrictions that would limit the amount buyers could borrow for their mortgage based on their income. If these measures are deployed, it’s estimated around 2,000 owner-occupiers and 9,000 investors a year would effectively be cut out of the property market. Would this solve New Zealand’s housing problem? Read on to find out more.


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Topics: new zealand property, new zealand real estate, first home buyer, Debt Consolidation, Debt to Income Ratio

Debt to income ratio – will it affect you?

Dec 12, 2016 7:00:00 AM

There’s been quite a bit of media hype in New Zealand recently around the possible introduction of restrictions to lending criteria based on a buyer’s income. Called a debt to income ratio, the idea has been floated by the Reserve Bank of New Zealand in order to further address the supply and demand imbalance in our property market. Read on to find out how a debt to income ratio could affect you.

 


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Topics: Debt to Income Ratio, Reserve Bank of New Zealand, Mortgages