There’s been a lot happening here at the Squirrel garage and lots of movement in the financial world, so here’s an update on quite a few things.
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.
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.
Squirrel loves helping people into new homes and noticed the challenges with getting things done when it comes to buying and selling. With this in mind, the Homeowner’s Personal Loan was created. The big idea is a simple, online no-fee personal loan designed for homeowners, that can be used to cover selling costs, small renovations, or a quick do-up when buying.
Feel like you’re missing out on a good mortgage rate? If you only recently bought your first home, you’re not alone.