Securing a mortgage is usually the most significant financial commitment you’ll ever make, and it sticks with us for 30 odd years! From early adulthood when we're just starting to build our careers, to the midlife years when we might be considering a bigger family home, and finally to retirement when our housing needs change once again. In this article, we’ll talk you through how to structure your mortgage during the different stages of your life and the pros and cons of each of these structures.
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.
Learn how to reduce your financial risk while wealth building. In a perfect world, all your investments would always increase in value, income would continually flow in and your plans would always have the best outcomes. But this isn’t the perfect world.
Learn how to build wealth prior to retirement. We share some ways you may be able to build up your asset levels to get to the magic number of savings you’re wanting to then retire and live off.
Learn about the government's new tax deductibility and bright-line test changes and what they mean for you and your investment properties.
Learn about how much money is needed to retire comfortably. We’ll take you through the lifestyle options available and how much they cost so you can begin to think about what sort of retirement you’re wanting to achieve.
Learn about why new builds make the best rental properties. We talk about the pros such as meeting the healthy homes standards, less maintenance, interest deductibility and more.
Learn about the difference between a revolving credit and an offset loan and the advantages and disadvantages of both. The whole point of revolving credits and offset loans is to save you interest through ‘offsetting’.
Learn about what specific renovations add value to your home. Understand what areas you should put the most money into to achieve the maximum payout when you finally sell your property.
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.