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Posts Tagged :

mortgage

How to compare home loans

Want a more efficient and effective way to compare home loans? Just follow these steps: 1) Identify the non-negotiable features you need. Google those features and shortlist the banks that offer them. Forget about the others, as there’s no reason to spend time of offers that don’t suit your needs. Case Study A 10% home loan deposit is below the 20% threshold for most loans. Kath googled the feature low-deposit home loans and saved the links to all relevant home…

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What home loan features do you actually need?

Here is a list of the most common home loan features lenders offer with their home loans. We explain some of these features in more depth on their own page if you want to learn more about them. You might not need all of these features, so don’t overlook a loan with an attractive interest rate and fee structure for flashy features you might not even need. With that out the way… Here’s your list of home loan features Offset…

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Home loan fees you may encounter

Most home loans come with their share of fees. Don’t fret over the length of this list, as you probably won’t be subject to all of them. You may even be able to convince your lender to nix a few. It’s also not an exhaustive list as every lender has its own fee schedule. Important Make sure you understand your lender’s specific fee schedule as it can differ from lender to lender. Without further delay… your list of the most…

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How to find the best home loan for your needs

Of course you want a home loan with low interest rates, minimal fees and an offset account that lets you deduct 100% of the balance from the amount owed. But other than that, the definition of the “best” loan varies based on your personal circumstances. Ready to apply? Check out our offers page for a range of home loan offers to suit your needs. See offers The basics As described in the intro, there are three basic things all hopeful…

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Everything you need to know about online home loan calculators

Online home loan calculators can be among the most valuable tools you’ll find as you seek to maximise your borrowing capacity, nab the best deal and work out the most cost effective way to pay the darn thing off.  What is a home loan calculator? “Home loan calculator” is actually a catch-all term that applies to an entire category of calculators that each has its own function.  For example, one type of calculator will estimate how much you can borrow,…

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Going from debt to building wealth: Your way to a richer future

There’s no magic in becoming financially fit. But Credit Simple’s Four Pillars of Wealth approach can help you get there. Going from debt to building wealth is easier than you might think. We guarantee there are people around you earning no more than you do who are well on their way to wealth. Here’s how to become one of them: Pillar one: spend less Do you know your needs from your wants? It’s only you who suffers if you’re not…

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How does my credit score affect mortgages and other loans?

The majority of purchases we make in our lifetime are affordable enough for us to either buy outright or save towards over time. This is rarely the case for high-value assets such as houses, cars and other expensive items. New Zealand’s residential property prices in April 2018 jumped 7.6 per cent over the past year to $678,856. Buying a vehicle is cheaper but still a considerable expense nonetheless. Even renting an apartment comes with significant upfront costs, such as agency…

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What you need to know: Four questions to ask before you get your first mortgage

So you’re in the market for your first mortgage. It’s a lot of money, right? You’re about to borrow hundreds of thousands of dollars, and no doubt you’ll want to know you’re not paying more than you need. We’ve put together a checklist for you. Have you shopped around as well as you could? Don’t forget this: the interest you’ll pay on your mortgage over the next 10, 20 or 30 years is worth a lot of money to someone.…

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How to make your mortgage work better (and harder) for you

For most of us, there’s nothing we spend more on each month than our mortgage. So there’s never a month where it’s not worth asking: “Could I be doing better? Could I be getting closer to paying it off? Could I be paying a bit less in interest?” Here are our top tips for making sure you’re putting the least in and getting the most out. Push your bank a bit harder It’s always worth bearing in mind that banks…

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Mortgage intel: How to refinance your home loan

A mortgage can easily end up costing you thousands more than it needs to, maybe tens of thousands, if you’re not always looking for the best deal. Sometimes you can do better by refinancing to a mortgage with a lower interest rate. But it’s not something you want to be doing without some careful preparation and homework. What do you need, and what will it cost you to change? Before you start refinancing, find out exactly how much you need…

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