This week, the RBNZ bank dropped the OCR by 50 basis points to 3.75%. If passed on by the banks, a 50 basis point (0.50%) drop in mortgage rates would reduce the interest paid on a mortgage, lowering the monthly repayments. By refinancing, you could reduce your monthly payments by locking in
Debt can feel overwhelming, but refinancing can be a smart way to manage and pay it off more efficiently. Whether you have a mortgage, personal loans, or credit card debt, refinancing allows you to consolidate and secure better terms, helping you take control of your financial future. What is Refinancing? Refinancing involves
Money is better in your back pocket, and by refinancing your loan you could be eligible for a mortgage cashback today. A mortgage cashback is a lump sum of payment that your bank or lender offers you as an incentive for choosing or switching a home loan with them. It’s like the
Purchasing your first home is an exciting milestone, and for many Kiwis, KiwiSaver is a valuable tool that can help make first home ownership a reality. If you’re planning to use your KiwiSaver savings to help purchase your first home, here’s what you need to know, including when KiwiSaver clawback fees may
While we are still at stage 7 of the Property Cycle, which is the best time to invest in property, the market has moved to what is called “Goldilocks market”. A Goldilocks market refers to a market that is “just right” — not too hot (overheating) and not too cold (stagnant or
Rentvesting is a home buying strategy, which is changing the landscape of home ownership for first home buyers. With housing affordability and interest rates high in recent years, many hopeful home buyers have found themselves priced out of the locations they want to live in. A further setback to some first home
Most Kiwis are familiar with life insurance: an essential policy if you’ve got debts to pay and family who rely on you. But many don’t hold a trauma insurance policy despite the fact it’s often just as important as life cover. This gap could leave thousands of Kiwis vulnerable – so what’s
How much would private Health Insurance benefit you? Private Health Insurance is a type of health coverage provided by private companies (rather than the government) to help individuals or families pay for medical expenses. In NZ some of the most popular and well-known brands for health insurance include Southern Cross, NIB and
What’s the difference between redundancy & income protection insurance? People often ask our team if redundancy is included in their Income Protection Cover, and unfortunately, it usually isn’t – these are almost always two completely separate policies. It’s really important to know what your insurance policy covers you, and with that in
Life has a funny habit of speeding up once you get through your forties and fifties, and before you know it, 65 and retirement can be staring you in the face – with all the exciting possibilities it represents, once you’re freed from the shackles of work. However, if you haven’t done
Now, more than ever, we need to be on the same page as each other in a relationship – especially if we’re in a new relationship. Here is Five Tips to Navigating Money in New Relationships. Times are turbulent and there’s a great deal of uncertainty in the air. Interest rates are
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