Buying a house is an important milestone in your life. It's a chance to establish a new home base for yourself and your family - and on top of that, buying property of your own is a great investment that will benefit you financially later on.
It's important that you let your mortgage adviser know as soon as possible of your impending divorce, especially if you share repayment duties.
Here at Squirrel, we don't have a one-size-fits-all solution for your home loan. Every person's requirements, financial situation and even frame of mind when it comes to their loan is unique - and their loan should be too.
Here's how you can pay off your loan faster, instead of waiting in fear for the return of the interest rate.
Even once you've paid off your home loan, 25 or 30 years down the line, there are still a few things to take care of; discharging your mortgage is one of them.
Some bank economists are talking of further rates cuts so there shouldn't be a rush to fix just yet. I think now is the right time to be fixing your mortgage on to longer term fixed rates.
Whilst you don’t want to be paying more than you can afford, increasing your mortgage payments by as little as $10 per week can save you as much as $25k over the life of your loan.
What if you could pay off your mortgage in 15 years? It’s easier than you think.
My personal view is the official cash rate (OCR) should not increase.
This ‘Ask an Expert’ column ran in the NZ Herald last week. It was in response to a question on how to borrow if you are cash poor but asset rich.
When you first eyeball your mortgage it can seem scary. You’re borrowing a hell of a lot of money and the realisation dawns that it might take 25 years to pay off.