Every year hundreds, maybe thousands of Kiwis default on their mortgages. It’s easy to say that this would never happen to you, but if something unexpected happened – like an injury or illness that stopped you from working – your situation could change...
21 year old Bailyn and 22 year old Chelsea had been together for three years when they bought their first home. Earlier in 2019, after a little guidance from Isa here at Money Empire (and a lot of saving), Chelsea and Bailyn drove to Harcourts Rototuna to sign a sale...
Woohoo! The share of new residential lending to first home buyers has shown a steady increase in 2019 according to Reserve Bank information. That means more and more young Kiwis are buying and moving into their first homes. Are you looking at buying soon? Be part of...
On May 8, New Zealand’s Reserve Bank cut the Official Cash Rate (OCR) to a record low, from 1.75 to 1.5 per cent. This could help you save thousands in interest repayments if you already have a home loan or you’re planning to buy property soon. How could the OCR cut...
Up to 70-80 per cent of the property investors we speak to are breaking their fixed-term mortgages and changing early. The most common reason for this is poor advice and structuring. With that in mind, let’s take a closer look at why strategic mortgage structuring is...