Rentvesting: a property investment strategy

Rentvesting: a property investment strategy

It’s the latest buzzword in the property industry: Rentvesting. Renting where you want to live, buying where you can afford to. And it’s proving a popular option, particularly amongst younger first home buyers who are keen to invest in their future without foregoing their lifestyle. So, what are the benefits of rentvesting and is it for everyone? Read on to find out.

Mortgage Traps: What to look out for

Mortgage Traps: What to look out for

Finding the right home loan isn’t as easy as it sounds. With so many mortgages on offer – each with its own conditions, terms, features and rates – it can start to feel like you’re navigating a mine field. To help you avoid a potentially costly mistake, here are some of the mortgage traps you need to look out for when choosing the right home loan.

Strategies for taking control of your mortgage

Strategies for taking control of your mortgage

With house prices reaching record-high levels, the amount of debt that home owners are having to take on is quite staggering when compared to previous generations. If you’re fortunate enough to own your own home, you’ve likely already experienced some form of mortgage stress. Have a look at these simple strategies that will help you take control of your mortgage and relieve some of the mortgage stress you may be feeling.

Buying property with a Family Trust

Buying property with a Family Trust

Many people in both Australia and New Zealand choose to set up a Family Trust when buying property. Family Trusts can help protect your assets against creditors and manage unwanted claims on your estate, and currently provide a tax benefit for property buyers in Australia. Let’s take a look at what a Family Trust is and how setting one up could benefit you and your family.

Buying off the plan: what you need to know

Buying off the plan: what you need to know

For many first home buyers, and even those looking to buy an investment property, buying off the plan can be an attractive proposition; it lets you buy a property at a set price before it’s even been built. While there are a number of benefits to this type of purchase, it’s not without its challenges. Take a look at some of the things you need to know before you buy off the plan.

Housing affordability worsens across New Zealand

Housing affordability worsens across New Zealand

In June 2017, Massey University released its Home Affordability Report, which shows that most regions across New Zealand have become less affordable over the past 12 months. We take a closer look at what is arguably the country’s single most important policy issue: restoring housing affordability.

What is LMI and do I have to pay it?

What is LMI and do I have to pay it?

As a first home buyer, you’ve no doubt got questions about the home buying process. How much deposit you need. What the lending criteria are. Using your KiwiSaver or the HomeStart Grant. There’s an awful lot of information to process and it’s understandable you might even feel a little overwhelmed. To help you navigate buying your first home, we’re outlining one of the costs you need to factor in when applying for a high LVR loan: Lenders’ Mortgage Insurance.

Interest only mortgages: the pros and cons

Interest only mortgages: the pros and cons

When it comes to home loans, there are plenty of options to choose from. Knowing which one suits your circumstances best is often the challenge. In a short-term situation, an interest only loan could be the financial boost you need to buy an investment property or to do those home renovations while keeping your repayments as low as possible. Is this type of lending viable? Let’s take a closer look at the pros and cons of an interest only mortgage.

Are you too old to get a mortgage?

Are you too old to get a mortgage?

If you’re already in your mid-30’s and only now buying your first home, fear not, you’re not alone. Research undertaken by Westpac in 2016 shows the average age of first home buyers has reached 34. And that number could continue to creep up, with first home buyers taking mortgages out for longer and pushing their repayment terms into retirement age. Are you too old to get a mortgage?

Minimising costs when moving home

Minimising costs when moving home

Moving home is an exciting time. But it can be expensive if you don’t take the right steps to minimise costs. Planning ahead, setting a budget, and having a clear out of unused household items are just some of the ways you can reduce moving costs. To help make your journey into your new home as affordable as possible, here are our tips for minimising costs when moving home.

A step-by-step guide for first-time home-buyers

A step-by-step guide for first-time home-buyers

Buying your first home can be stressful. Taking that first step onto the property ladder is probably one of the biggest decisions you’ll ever have to make. But if you do your homework and properly prepare yourself, it needn’t be as frightening as you expect. If you’re tired of renting and you think that buying a home is the right thing for you, take a look at our step-by-step guide for first home-buyers.

Bridging finance – what is it and how does it work?

Bridging finance – what is it and how does it work?

If you’re looking to buy a new home but you still need to sell your existing home, you may need bridging finance. Bridging finance helps fund the purchase of your new home before your existing home has been sold, which means you don’t miss out on buying your dream home by having to wait until you’ve sold your existing home. Read on to find out more about the benefits and risks of bridging finance.

Simple ways to cut your energy bill this winter

Simple ways to cut your energy bill this winter

With the onset of winter, it may seem impossible to cut energy bills without compromising on comfort. Heaters and heat pumps are used to keep your home warm and toasty, while clothes dryers are necessary when outside drying becomes impossible. It’s easy to see how energy bills can quickly add up. But finding ways to cut your electricity bill needn’t be complicated. A few simple choices can have the biggest impact. Here’s how you can cut your energy bill this winter with a few simple choices.

How to sell your home faster

How to sell your home faster

In a constantly changing real estate market, it’s often hard to predict how long it will take to sell a property. Sometimes there are no logical reasons for the length of time it takes. It may simply be a case of “right place, right time”. There are a few things you can do to help speed up the process, though. Read on to find our tips for selling your home faster.

Do You Know Your Credit Score?

Do You Know Your Credit Score?

If you’re an adult in New Zealand, the chances are that you have a credit score, whether you’re aware of it or not. Even if you’ve never borrowed money, information about what kind of financial citizen you are is recorded by many of the organisations you deal with.

How Can I Pay Off My Mortgage Faster?

How Can I Pay Off My Mortgage Faster?

Your mortgage is probably the biggest debt you’ll ever owe, and the fact that you’ll be paying it off for the next 25 years or more can be daunting, as can the total amount of money you’ll end up spending.

How to Create a Personal Budget

How to Create a Personal Budget

If you’re saving for a goal, have regular expenses, or are repaying a debt, then having a personal budget is an invaluable tool for managing your money.

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