There are some changes being made to KiwiSaver in 2019 and 2020, most of which have already come into effect. The proposed changes to the structure of KiwiSaver could see a greater number of New Zealander’s saving for retirement and the risk of a retirement savings shortfall decreasing over time. These changes will allow more people to join the scheme and also allow members to better tailor their KiwiSaver account to fit their needs.
Topics: Kiwisaver, Home Loan, nz mortgage, NZ Mortgage Adviser, Home Loan Advice, Mortgage Advice, Kiwisaver withdrawal
Have you ever considered what would happen if you were unable to work? How long could you continue to pay your mortgage for before your savings run out? Mortgage and Income Protection Insurance could be the solution you need. It’s an insurance designed to meet your mortgage repayments when you can’t. Read on to find out more.
Topics: Mortgages, Home Loan, Mortgage, nz mortgage, NZ Mortgage Adviser, Home Loan Protection Plan
Earlier this year (2018), the Reserve Bank of New Zealand increased the cap from 10 to 15 per cent for banks’ lending to home buyers with a deposit of less than 20 per cent. How has this change impacted first home buyers? And what should you be doing to improve your chances of a low deposit home loan? Read on to find out.
Topics: Mortgages, Home Loan, Bad credit, NZ Mortgage Adviser, Low Deposit
Older home buyers entering the market for the first time appear to be growing in numbers in Australia and New Zealand, as a combination of rising rents and low interest rates makes buying property a more attractive proposition. But, how big a factor is age when it comes to lenders determining your lending ability? Read on to find out.
Topics: Retirement, Mortgages, NZ Finance, Home Loan, NZ Property, reverse mortgage, NZ Property Market, Mortgage Debt
Timing is often a challenge when it comes to buying a new home and selling an existing one. In a perfect world, both transactions would happen simultaneously. In reality though, you could end up owning two properties while you sell your existing home. That’s where bridging finance comes in.
Topics: Retirement, Mortgages, NZ Finance, Bridging Finance, Home Loan, NZ Property, reverse mortgage, NZ Property Market, Mortgage Debt
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.
Topics: Retirement, Mortgages, NZ Finance, Home Loan, NZ Property, reverse mortgage, NZ Property Market, Mortgage Debt
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.
Topics: Mortgages, NZ Finance, Home Loan, NZ Property, reverse mortgage, NZ Property Market
Having a pre-approval in place before you start house hunting has a number of benefits: As well as showing sellers and agents you’re serious about buying, it helps speed up the process when you find a home you like, which puts you in a far better negotiating position. If you are considering applying for pre-approval, take a look at our tips for a successful pre-approval application.
Topics: Pre-approvals, Home Loan, Mortgage, new zealand property, new zealand real estate, nz mortgage, mortgage adviser, NZ Property Market, family home
The end of a relationship is understandably an emotional and traumatic time, and the process of separating your lives, property and finances can be challenging. As your income and expenses are likely to change at this time, it’s important you understand the impact of these changes on your most important asset: your family home.
Topics: Home Loan, new zealand property, new zealand real estate, nz mortgage, mortgage adviser, NZ Property Market, separation, family home, divorce
Choosing a mortgage involves a great deal more than simply approaching your bank for a loan. Shopping around both bank and non-bank lenders is an important part of the process which, regrettably, too many Kiwis neglect to do. It’s true that non-bank lenders haven’t always enjoyed the best reputation, but more and more home buyers are discovering just how effective this type of lending can be, particularly when banks say no.
Topics: Home Loan, new zealand property, new zealand real estate, nz mortgage, mortgage stress, mortgage adviser, Home Loan Rates, NZ Property Market, non-bank lender, lending options
