As mortgage advisers with mortgages of our own we have never liked how the banks promote the idea of the easy ‘one-click’ refixing of loans on the banking Apps or websites. We do understand that it’s easy, but just because something is easy does not mean it’s a good idea. In many cases taking the easy path in anything we do is rarely as good – and in our experience refixing on the banking App is a bad idea too. Banks Make Refixing Easy Banks have made a big effort to make things easier for customers, and maybe we should ask why. There are probably a few reasons and they are not necessarily wha ..read more

It’s not a nice position to be in – when your mortgage is in arrears and the bank is pressurising you to catch up the repayments or face having the bank sell your home. It can be very stressful and banks can seem totally unreasonable and difficult, and this adds to what is often the other stresses that caused the mortgage to end up getting behind too. Most people never plan to not pay their mortgage, but it can happen for a number of reasons. Common reasons that we’ve seen are businesses struggling for self employed, redundancies and loss of employment, health issues, relationship and other fa ..read more

Buying my first home – is it really worth the effort or should I wait? For first home buyers, deposit is generally one of the biggest hurdles that they have, and especially in the larger centres. The banks say that you need a 20% deposit, and while there are some options with less, this is what they will often tell you. But most first home buyers will not have 20% deposit, and so they need to either pay more or wait and save. Many people say that house prices are expected to increase in 2024 and beyond, and there’s a number of reasons for this. Firstly, you need to look at immigration. It’s b ..read more

Aera introduced us to the Ownership Accelerator as a groundbreaking co-ownership product which was on track to launch as soon as the bank support was locked in, but unfortunately despite them receiving positive feedback and indications from the banks that they were ready to proceed when Aera needed to go live the major banks and lenders were unwilling to step up and partner with them. As Aera have said, they have been ?% ready and willing to step in to help Kiwis without the bank of ‘Mum and Dad’ and I genuinely believe they were going to be another good alternative. However, without a mainstr ..read more

We have a few banks in New Zealand, but only three offer an Offset Home Loan (BNZ, Kiwibank and Westpac) which is surprising given how popular they are as a way to easily manage your money while saving on the interest that you pay. Most banks offer a revolving credit which can be a good option too, and all of these banks offer a revolving credit option too – but the Offset is an option that works really well for people that do not like the idea of a revolving credit or who want to have more flexibility. Given there are just a few banks offering the Offset it was not too difficult to do a compa ..read more

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We hear people saying that you do not need a mortgage adviser as you can go directly to the bank, and it’s true that you can … BUT is that the right thing to do? Should you go directly to the bank? It’s always quite interesting that people deem it a success to be approved for a mortgage and of course that is part of the success. In many cases you could get the mortgage from a number of banks and therefore you could say that’s like a pass rate but isn’t the real success is making sure that you get the right mortgage? Do you want to just pass or pass with flying colours? In New Zealand many peop ..read more

What low deposit options are there? Most first home buyers do not have a 20% deposit and so ask if it’s worth making the effort to buy with a low deposit now or wait and save more. For first home buyers, the deposit is generally one of the biggest issues, and especially in the larger centres where prices for homes are higher. The banks say that ideally you need a 20% deposit, and while there are some options with less, often you are told that you need 20% deposit and that seems out of reach. So many think they need to wait and save… and watch house prices increase. Will House Prices Increase ..read more

Nurses and people that work in the medical industry often struggle to get home loans (mortgages) with banks. It’s not because they don’t deserve them, they actually do excellent jobs and generally work very, very hard. Of any professions, I think most people think nurses do deserve to be treated well by the banks and should be able to buy homes. The problem with nurses, and many others within the healthcare is they earn a lot of their income from overtime and other allowances. If you’re reading this, you’re probably a nurse yourself or work in the healthcare, and so you know exactly how your p ..read more

Over recent years, and especially since COVID more and more people are making money online and this includes those people that are full time and the many Kiwis now working online as a part-time gig or side hustle. When we are talking about digital creators we are talking about people that create: videos for YouTube, TikTok, Instagram and more podcasts or audio content eBooks and content people can download educational and other online courses Instagram stories, reels, and guides gaming and live streaming online music and art plus blogging There are literally thousands of Kiwis that make mone ..read more