When you’re shopping around for a mortgage, it makes sense to work with someone who understands the industry and market conditions. A mortgage adviser is that person; someone who acts an intermediary between you and the lender working on your behalf. In your search for the right mortgage adviser, we recommend you ask these 3 questions.
Topics: Mortgages, mortgage adviser, NZ Mortgage Adviser
As technology evolves so too do our digital lives, sometimes to the point where we can start to feel bogged down by the plethora of time-saving tools and life-changing apps. When it comes to improving productivity, most of us could use a little help. Take a look at these 3 tech hacks that are guaranteed to improve productivity in your digital life.
Topics: Mortgages, NZ Finance, Tech Hacks, Life Hacks, Cost effective, Productivity, Efficient
While interest only mortgages have come under intense scrutiny across the Tasman over the last year (2017), this type of lending can offer a viable solution for property investors looking to grow their portfolio. Read on to find out more about interest only loans, along with the benefits and risks.
Topics: Interest Rates, Mortgages, NZ Finance, mortgage rates, Variable versus Fixed, Variable Interest Rate, Fixed Interest Rate, interest only loans
Deciding between a fixed and a variable interest rate, or a combination of both, is largely a personal choice. Do you need the certainty of set monthly repayments or are you looking for a little more flexibility and a saving when interest rates drop? Each option has its own set of pros and cons. Read on to find out what these are.
Topics: Interest Rates, Mortgages, NZ Finance, mortgage rates, Variable versus Fixed, Variable Interest Rate, Fixed Interest Rate
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, reverse mortgage, 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, reverse mortgage, 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, reverse mortgage, 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, reverse mortgage
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?
Topics: Mortgages
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.
Topics: Mortgage Advisers, Refinancing Options, Mortgages, Home Equity
