Rising interest rates continue to be a hot topic as more and more New Zealanders are having to refix after the much lower interest rates on offer during the pandemic. With more money going out to pay off your mortgage, we can you do? We ask this question and more to our Co-Founder of Futurebound and Financial Coach, Jeff, to put your mind at ease about rising interest rates and mortgage repayments.
If you're thinking that we're heading into a deeper recession you may be right. Like most New Zealanders looking to the future, you might wondering, how can I prepare my finances so that the financial blow is more of a light graze? We share five ways for you to prepare your finances for a recession so that you can have peace of mind when the next one strikes our economy.
As New Zealand is likely headed towards a recession, we thought we’d put together three lessons we learned from the 2008 recession to help you get through the next one and ensure that it has the least amount of impact on you and your finances.
In the current New Zealand housing market, it’s difficult not to notice that house prices are the lowest they’ve been in a long time, even though interest rates remain high. Economists predict that the end of the housing downturn may be in sight, and so you may be wondering, is now a good time to buy an investment property or second home in the current market.
When buying a new build, whether for an investment property or your family home, it pays to be cautious. As the housing market cools, it has become obvious that some building companies have bitten off more than they can chew and cannot fulfil their duties as to the costs, timeframes or builds promised to their home buyers.
If you’ve recently bought an investment property, or are thinking of buying an investment property, way to go! An investment property can be a great way to achieve a bit of passive income, grow your equity, and get a bit more financial freedom for you and your family.
When it comes to home loans there are so many different options for rates. Which home loan rate is best for my situation? Do I go fixed, floating or interest only? Learn about the different home loan rates and which option may be best for you and your family and how to use these rates to your advantage.
In this article, you’ll learn whether or not you should be refinancing and three points to consider before you move that might help put some extra money in your wallet.
The housing market is receiving a lot of media attention at the moment as house prices continue to fall and interest rates continue to rise. This article aims to give you some context to New Zealand’s (and Wellington’s) current housing market and will talk through the three main points you may be considering before buying your first home that might be keeping you on the fence.
Learn the difference between refixing a mortgage, restructuring a mortgage and refinancing a mortgage. We’ll also teach you why these terms are so important and how they can apply to your mortgage to help you save more money on interest and help you pay off your mortgage a lot faster.
