Posts Tagged :

mortgage

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. The basics As described in the intro, there are three basic things all hopeful Kiwi homeowners will want to look for in a loan: A low interest rate Some loans will come with fixed interest…

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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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Help! I can’t pay my mortgage

Perhaps you’ve lost your job, you’ve fallen ill, can’t sell but have bought a new property, the property is uninhabitable thanks to an earthquake, or have no rent coming in. Whatever the cause, if you can’t make mortgage payments your finances can turn to custard rapidly. Non-payment will do your credit score a lot of damage. Even worse, it ultimately leads to your home or investment property being repossessed if you can’t make mortgage payments. Talk to the bank and…

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hand holding burning money
Are your finances on FIRE? (That’s Financially Independent, Retiring Early)

If you’re anything like the average Kiwi, you see retirement as something that happens after you turn 65 (or, *cough*, 67). You stop working, live off the pension, and you’re Officially Retired. But it doesn’t have to be that way, and there are people all over the world challenging ideas about post-65 life. Here’s five things you should know about the New Retirement. Your finances can be on FIRE One of the ‘new ways’ is called FIRE  –  Financially Independent…

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Lending and borrowing the Kiwi way

Us Kiwi’s have made the most of peer-to-peer as a way of life for some time now, adopting services such as UBER, Airbnb and Airtasker and enjoying better value all round. Neil Roberts Joint CEO of Harmoney says it has been very rewarding watching Kiwis embrace the Harmoney peer-to-peer lending marketplace. “The growth has been fantastic, but the passion that comes from our community and their continued support for Harmoney is perhaps the most rewarding of all.” Thanks half a…

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