Home Loans - February 15th Squirrel: What is Overcapitalisation? What is overcapitalisation? When you break it down, overcapitalisation is basically when you spend money on a renovation that won't be recouped by your home's increase in value. It can happen with any part of the …
First Home Buyers - February 12th What is the First Home Loan? It's always been tough to save a deposit to buy a first home. However, there is some assistance available for first home buyers. And one option is the First Home Loan from Kāinga Ora. So …
First Home Buyers - February 9th What Happens to Your Mortgage in a Divorce? What Happens to Your Mortgage in a Divorce? In this guide we cover: What happens to a home and mortgage during divorce? Buying out the other party - what's involved? What about income inequality? …
Banking & Insurance - January 25th Prenuptial Agreements: A Full Guide What is a prenuptial agreement? A prenuptial agreement, often known as a "prenup", is a legal contract entered into by a couple before they get married or enter into a civil partnership. This agreement outlines the …
First Home Buyers - January 24th What Are Debt-to-income (DTI) Ratios? In an attempt to further strengthen financial stability in New Zealand, and reduce the risk of households defaulting on their mortgages en masse, the Reserve Bank of New Zealand (RBNZ) is planning to introduce new …
First Home Buyers - January 16th Mortgage Cashbacks: What’s On Offer? Canstar explores the current mortgage cashbacks on offer from the banks, and checks to see how the deals stack up. Mortgage Cashbacks While some banks make a big show of their first home buyer deals, it's worth …
First Home Buyers - January 10th Asbestos in a Home NZ: All You Need to Know Why is asbestos dangerous? Asbestos is a strong and heat-resistant material that was once used in buildings and products. But, breathing in tiny asbestos fibers can seriously harm your lungs and even cause cancer. That's why …
Banking & Insurance - January 10th How Much Do I Need to Earn to Avoid Mortgage Stress? More and more home owners are facing the prospect of mortgage stress, which is defined as having to spend over a third (33%) of pre-tax household income on mortgage repayments. In January 2022, the average two-year …
Budgeting & Saving Money - January 9th Timeless Money Tips 1. Pay yourself first Paying yourself first is one of the best things you can do with your money. Set your savings to autopilot. Work out how much you can save from each pay then set …
First Home Buyers - January 3rd First Home Buyers: How to Have a Stress-Free Settlement Depending on what headspace you're in, waiting to sign the final paperwork for your first home can feel like it's moving at lightning speed, or at a snail's pace. The good news is, once you've …