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, reverse mortgage
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 real estate, nz mortgage, mortgage adviser, 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 real estate, nz mortgage, mortgage adviser, 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 real estate, nz mortgage, mortgage stress, mortgage adviser, Home Loan Rates, non-bank lender, lending options
Many home buyers have discovered just how beneficial it is to enlist the services of a mortgage adviser when shopping around for a home loan. Working with an experienced mortgage adviser not only saves you time as they do the legwork for you, it can save you money too when it comes to finding a mortgage with the best terms and interest rates. So, what should you be looking out for when choosing a mortgage adviser to work with? Here is our list of top five traits.
Topics: Mortgage Advisers, Lenders, Home Loan
The beginning of a new year is a good time to review your household budget. Perhaps you’ve overspent during the festive period and your debt has mounted up. You may be considering debt consolidation or other ways to cut back on expenses. If you’re struggling with debt or you find yourself constantly borrowing money from family or friends, it’s time to take control of your financial situation. Refinancing your mortgage could be the solution.
Topics: Refinancing Options, Budget, Home Loan, Debt
