Home Loans - February 19th How does a reverse mortgage work? Co-authors: TJ Ryan and Shay Waraker A reverse mortgage is a type of equity release product (ERP). Equity release products come in two forms - credit products and debt-free products. A reverse mortgage is a credit …
Home Loans - February 6th The Banking Royal Commission’s Recommendations in a Nutshell Author: Tamika Seeto This article originally appeared on our Australian website, Canstar.com.au, and is in reference to the Australian banking industry. The banking royal commission’s hefty final report contained 76 recommendations designed to shake up Australia’s banking, superannuation, …
Home Loans - February 4th Judgement Day: The sweeping changes the banking royal commission has proposed Co-author: Petrina Berry This article was originally published on our Australian website, Canstar.com.au and is in reference to the Australian financial services royal commission and the Australian banking industry. Banning advice fees for default super accounts, overhauling the way mortgage …
Home Loans - February 3rd Could you stay afloat if banks increase home loan rates? Co-author: Justine Davies In a reverse of the age-old "What goes up, must come down" saying, it is highly probable New Zealand's current low home rate environment will not stick around forever and that increases are …
Credit Cards - January 23rd How To Manage Your Money In 5 Steps Co-author: Olivia Fairhurst Benjamin Franklin once said that nothing could be certain in this world except death and taxes. To that list, however, you could also add household bills. And, for whatever reason, household bills seem …
Home Loans - January 18th Tips on how to get a home loan Co-author: Mitchell Watson At the end of 2018, the median house price across New Zealand sat at $560, 000, up 1.5% from December, 2017, according to the Real Estate Institute of New Zealand’s monthly report, We're guessing …
Home Loans - January 15th What are the pros and cons of interest-only mortgages? Co-authors: Ellie McLachlan and Olivia Fairhurst Some people might view an interest-only mortgage as an attractive choice when considering finance options for a home. However, interest-only loans were designed with very specific types of borrowers in mind, and …
Home Loans - January 9th How much will your mortgage really cost? Co-author: Ellie McLachlan One of the main determining factors of the cost of your mortgage is the interest rate. Even though home loan interest rates are comparatively low at the moment, a mortgage can end up …
Home Loans - January 7th How much do moving companies cost? Co-author: Olivia Fairhurst Why would you use a moving company? It’s a mammoth task to move all of your worldly possessions to a new location. Unless you have a large enough vehicle and trailer, and plenty of …
Home Loans - January 6th The hidden costs of building your own home Co-author: Olivia Fairhurst There are a great deal of potential hidden costs, just waiting to jump out at you and destroy your building budget. Here are five common ones: 1. Soil test and contour survey Before any builder …