Is it wise to top up the mortgage on your home?
Many people take out top up mortgage loans on their home. Common reasons are to pay for house renovations, repairs and maintenance, installing insulation and solar panels, buying a car or paying off credit card debt. Understanding top up mortgages If you paid $400,000 for your home ten years ago and borrowed $320,000, your equity
Help me get our spending under control
Help me get our spending under control If your spouse is spending too much money, there are some key steps you can take. Some of the obvious ways to reduce spending include eliminating the big expenses. This might be a car payment or rental/living costs in excess of 40% of your net spendable income. Look
Should I buy an electric car?
Should I buy an electric car? The government is promoting the purchase of electric cars, providing cash rebates for purchase of new or second-hand imported cars. A rebate of up to $8,625 is available for new electric cars costing less than $80,000. Up to $3,450 is available for used electric cars which have been registered
Should we borrow for our daughter’s wedding?
Should we borrow for our daughter's wedding? Weddings can be very expensive, with costs amounting to more than $30,000 common in New Zealand. That can be a significant financial burden for parents and some are tempted to borrow against their house to pay for the big day. If that is what you are considering, there
Considering a reverse mortgage?
Considering a Reverse Mortgage? What is a Reverse Mortgage? A reverse mortgage allows people aged 60 years and over to borrow against the value of their home. The amount of money you can borrow depends how old you are and whether you still have a mortgage on your house. The two providers of reverse mortgages