In a perfect world, your bank would let you know every time there was an opportunity for you to save money. But the world isn’t perfect so it’s up to you to stay on top of your home loan. It could save you thousands of dollars. How? Here are seven things to consider.
Having come from decades in banking Dave’s seen his fair share of cyber-crime and how it’s evolved alongside financial technology. He took the time to write down his recent experiences and tips on how to avoid becoming victim to cyber fraud.
In response to Covid-19 and the financial stress that many Kiwis are suddenly facing, the Reserve Bank of New Zealand is allowing banks to offer 6-month ‘mortgage holidays’. Although we prefer the term Mortgage Repayment Deferral because it’s not really a holiday.
Among all of the current madness you may have heard about the banks offering mortgage holidays, or repayment deferrals. Here's how the process works with each of the main banks.
I’ve been in a few crises. The first was launching Squirrel at the height of the GFC, with a crashing housing market. Then my head contractor went bankrupt part way through my big property development. Now? We're faced with Coronavirus. But this one is different. We're all in it together and it's out of our control.
In this ever-changing crazy quagmire of a world, there has never been a greater need for seamless online services. Fortunately, Squirrel is well set up to provide the same service for all our clients, whether you're stuck at home, or at the beach.
The adage 'cash is king' is never truer than in a crisis. Cash gives you the flexibility and freedom to respond to changes. Now is a good time to have a small cash buffer in your mortgage. The thing to remember is banks don’t want you to default on your mortgage, and they have temporary options in place which are designed to support those who find themselves in financial hardship.
What does Coronavirus have to do with your KiwiSaver funds? More than you might think. No need to panic, but we thought it was worth putting a word of caution out there for anyone who is looking at purchasing a property in the near future with KiwiSaver as part (or all) of their deposit.
Credit bureaus in NZ are now looking at monthly account behaviour for all lending products as well as account behaviour for a number of utility bills. Basically, if you miss a payment, everyone will know about it. Here's everything you need to know.
Homeowners want to get things done to their house now, but increasing the mortgage and convincing the bank are both hard work. And let’s face it, it’s only getting harder. Recognise the hurdles of borrowing, Squirrel has launched an online no-fee home improvement loan that makes getting stuff done around the house much easier.