The Bank Said No Because of My Income
Date Published: 3 April 2023
It happens to almost everyone eventually. You walk into the bank, and ask for an amount of money, either to buy a car, house, or business and the bank declines you. Today…
The Bank Declined My Investment Property Mortgage Application – Equity Hurdle
Date Published: 1 April 2023
It happens to almost everyone eventually. You walk into the bank, ask for an amount of money, either to buy a car, house or business and the bank declines you. We look…
6 Tips for Bidding at Auction
Date Published: 17 March 2023
Auctions can be an exciting and competitive way to purchase a property. However, the auction process can also be intimidating and stressful for unprepared people. To increase your chances of…
The Rule of 72: A Simple yet Powerful Financial Tool to Estimate Investment Growth
Date Published: 16 March 2023
The Rule of 72 is a widely-used financial concept that allows investors to estimate how long it will take for an investment to double in value, given a fixed annual…
NZ Mortgage Interest Rates Prediction 2023
Date Published: 16 November 2022
It’s the time of the year when the Mortgage Lab buffs up our Crystal Ball, gazes into the infinitely complicated world of economics, and comes up with sufficiently generic interest…
Getting a Divorce and a Mortgage – Here’s What to Know
Date Published: 16 October 2022
Divorce is usually an incredibly stressful, time consuming and brain draining process. Conversations over dividing the kitchenware can be as tense as a peace treaty negotiation – yes, who gets…
What to Look for When Buying an Investment Property
Date Published: 14 October 2022
Buying an investment property is a different bag of hedgehogs than buying a property for yourself. When you’re buying your own home it’s (arguably) totally reasonable to debate for hours…
Mortgagee Sales – What To Look Out For
Date Published: 16 August 2022
Property prices have increased significantly over the past few years but so have interest rates and with recent changes to the CCCFA, lending has gotten more difficult. It can be…
Pocket money into KiwiSaver – how to maximise compound interest
Date Published: 16 August 2022
Could parents use KiwiSaver as a method for rewarding children in the form of pocket money? Read on to see how one of our clients is successfully doing it and…
Can I Buy an Investment Property?
Date Published: 1 August 2022
Our childhoods have betrayed us. Property investment is not as easy as rolling a four to land on Mayfair, paying ￡400 then sitting back to wait for someone to land…
Calculating The Interest On Your Progress-Payment Construction
Date Published: 20 June 2022
Calculating the amount of interest expected in a progress-payment contract on a newly built house can sometimes seem daunting. In this article, we walk you through some easy calculations. Recently…
What is a Reverse Mortgage?
Date Published: 18 June 2022
Retirees often find themselves in a difficult financial position. Short on income but lots of equity, usually stored in their homes. A typical mortgage top-up won’t work in this scenario. …
It’s ok if you don’t understand the KiwiSaver Member Tax Credit…
Date Published: 12 June 2022
just don’t miss out on it. In order to grow your savings, you need to earn money. And you have to pay tax on that money. So, you might earn…
Cost Fluctuations in Build Contracts – Guest Blog
Date Published: 10 June 2022
Just a couple of years ago, the use of the words “cost fluctuation” in the residential building industry was about as common as the use of the word “liquefaction” prior…
Prepare, Don’t Panic – 3 things to do right now to prepare for a recession (and 1 thing you shouldn’t)
Date Published: 9 June 2022
What does a recession mean for home owners? The key problem in a recession is the lack of business confidence. Business owners lose clients and either downscale or freeze hiring. …
How Do Banks Calculate if I Can Afford an Investment Property?
Date Published: 29 May 2022
This article is available in Chinese here. If you’re looking into whether you can afford an investment property, you’re not alone. Owning rental properties is a common kiwi dream. Many…
10 Things Homeowners Should Do Annually, But Don’t
Date Published: 27 May 2022
We love a good list, and a list of ten is universally acknowledged to be the best kind of list. So we’ve pulled together the 10 things home owners should…
All About Conveyancing
Date Published: 20 March 2022
When you’re buying a house, there are a lot of things to think about. One of the steps that is often a mystery for homebuyers is what happens with their…