Did you know that 90% of our clients who come to us, come to us with a mortgage structure that is completely wrong for them? They're always paying too much interest and the structure of their mortgage is not based on their financial goals, or any particular strategy. It’s not their fault either, it’s probably what someone at the bank told them to do, or maybe it was a well-meaning friend or family member. But the bottom line is that you need a strategy for your mortgage, and this advice is the same when it comes to refixing it.
Some people are great at budgeting, it’s second nature to them, the minute they get paid, they put aside money for their expenses, savings, entertainment etc. And ensure they have a bit of wiggle room to make it to their next pay day. Others spend their pay check like it’s feast or famine. They tend to blow most of it within the first week and then live like a pauper until their next pay day rolls around again.
We’re hearing a few stories in the media lately about families being forced to sell or move out of their homes due to defaulting on mortgage repayments. If you're finding it difficult to make your mortgage repayments and are wanting a little wiggle room, this article will teach you 5 ways to ease the pressure of mortgage repayments and put more of your disposable income back into your budget WITHOUT chasing lower interest rates.
If your wallet is feeling a bit emptier these days, you may be wondering, how can I save a bit more money on my everyday expenses? Learn our 5 different steps you can implement right now to save $50-$200 in your current budget that you can use to improve your lifestyle, pay down debt, or use to invest.
Many of us are feeling the financial pinch a bit too much currently; slashing our budgets to the bare minimum, putting all we can into savings, and saying no to the things we really want. But sometimes all the frugality in the world just doesn’t cut it and you need to earn more money to get by. In this article, we’ll give you 6 simple ways you can make extra cash so your bank account looks that little bit healthier and the forecast for your financial situation looks a bit brighter.
Kiwis get short term personal loans for various reasons such as financing a new car, renovating their house, putting deposits down for their wedding and more. But there are pitfalls to these incredibly easy to attain short-term loans. We go through their pros and cons as well as our top five alternatives to short term personal loans.
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.
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.
Find out one of the behind-the-scenes reasons why the bank has rejected your mortgage application and what test interest rates are.