If you bought a property now for $500,00 and it increased in value by just 5% a year, guess how much it’d be worth in 5 years? $638,000, and in 10 years it’d be worth $814,000. The average house price in New Zealand has increased by over 8.2% every year, so this...
You’ve started to get your mortgage on your first home under control. The idea of purchasing an investment property or a second home has crossed your mind, but you don’t have any savings to draw on. Should you consider increasing your mortgage to buy...
The team at Money Empire have been noticing a growing trend in the mortgage space recently – an increase in cross-collateralised loans. But what are they? To unravel this concept, we spoke to the team at Money Empire. What is cross-collateralisation?...
