Your Money Archives

How can I refix my mortgage?

Post author:jacque
Post published:August 16, 2023
Post category:Your Money

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.

How can I best manage my cash flow?

Post author:jacque
Post published:August 10, 2023
Post category:Your Money

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.

I’m struggling with the affordability of repayments, what can I do?

Post author:jacque
Post published:August 2, 2023
Post category:Your Money

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.

How can I save more money?

Post author:jacque
Post published:July 19, 2023
Post category:Your Money

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.

How can I make extra money?

Post author:jacque
Post published:July 13, 2023
Post category:Your Money

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.

Should I get a short-term loan?

Post author:jacque
Post published:July 5, 2023
Post category:Your Money

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.

What to do When Your Mortgage Rate Increases

Post author:jacque
Post published:June 27, 2023
Post category:Your Money

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.

Get Yourself Sorted Series: How to prepare your finances for a recession

Post author:jacque
Post published:June 14, 2023
Post category:Your Money

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.

I have bought an investment property, how much money do I set aside to manage it?

Post author:jacque
Post published:May 24, 2023
Post category:Your Money

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.

Why Was My Mortgage Application Rejected: Test Interest Rates

Post author:jacque
Post published:October 31, 2022
Post category:Your Money

Find out one of the behind-the-scenes reasons why the bank has rejected your mortgage application and what test interest rates are.

Latest Blogs

Navigating the Reserve Banks New Debt-to-Income Ratio Restrictions for First Home Buyers and Homeowners
The Reserve Bank is looking to revamp its rules for retail bank mortgage lending and plans to bring in debt to income ratio (DTI) restrictions mid-way through 2024. But what is debt to income ratio, and how can it affect me as a first home buyer, homeowner or property investor?
Futurebound Wins Business of the Year at the 2023 Business xCellence Awards
Jacque and Jeff Elias from Futurebound, a Mortgage Advisory company which specialises in helping New Zealanders get a mortgage, grow their wealth, and become financially free has won an Award at the 2023 Business xCellence Awards.
How to Cut 20 Years Off of a Mortgage Without Increasing Regular Repayments
Learn how you can cut 20 years off your mortgage without increasing regular repayments and as a result, pay a lot less in interest, saving you hundreds of thousands of dollars.

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