As the property market keeps on rolling, Squirrel seems to have more and more people coming in for mortgage advice all the time.
We're happy to admit it: financial advice can be pretty confusing.
It’s a pretty well-known fact that Auckland’s property market has been on a strong price growth trajectory.
I have been approached by a number of existing ‘buy and hold’ investors wanting to change their strategy. They want to start trading and developing property. But, they have no idea where to begin.
At the moment we feel like squirrels! Everything is rushed. There are lots of pre-auction offers, and auctions being brought forward on a daily basis. Deal, after deal, after deal.
Pre GFC, property developers had mythical rock star type status. The public face of the industry was full of massive egos, fast cars, illicit drugs, and self-absorbed “beautiful people.” Intelligence has never been a prerequisite to be a Property Developer.
The rules have changed. Today, income is a major factor in bank lending criteria.
There is no shortage of people with opinions on the property market! When it comes to buying your first home and getting your first mortgage when is the "right" time?
At Squirrel we give away all of our advice for free. Either we are stupid or we think you'll appreciate it and still work with us anyway.
Business owners and farmers will be familiar with bank bill priced term loans combined with interest rate swaps. Essentially these are just fixed-rate loans dressed up a bit to sound sexy.
It is official: you are just a number, albeit a fairly long number 014450-00867845-00.