Get Your Indoor Kitchen Composter
Mortgage Managers | Finance Blog
by Stuart Wills
4y ago
So we want to all do our bit to reduce waste and look after our environment, so why don’t we all get an indoor kitchen composter. Your indoor kitchen composting appliance turns your kitchen waste into compost in just three hours! You can buy yours online here. In as little as just three hours your indoor kitchen composter takes your kitchen scraps, reduces them by up to 90% and creates a highly mature, nutrient-rich soil amendment that is an ideal compost for your garden. Just toss in your food waste, and push go. When it’s done you will have a compost that you can use in your outdoor gardens ..read more
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ANZ Now Allow Low Equity Premiums To Be Added To Loans
Mortgage Managers | Finance Blog
by Stuart Wills
4y ago
While most banks apply a low equity margin to home loans where the deposits are less than 20%, ANZ has charged low equity premiums which are a one-off fee rather than an ongoing margin added to the interest rate that you pay. One of the problems with the fee was that with loans where there was just a 10% deposit (where the lending was 90%) the fee had to be paid – it could not be added to the loan. This was very significant to many first home buyers as they were using all of their savings to make up the deposit, and therefore they had no money available to pay the low equity fee. It was one of ..read more
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Auckland Mortgage Broker Suggests Ten Tips For First Home Buyers
Mortgage Managers | Finance Blog
by Stuart Wills
4y ago
Stuart Wills, Auckland Mortgage Broker My name is Stuart Wills and as an Auckland mortgage broker I’ve seen first hand how difficult it is for first home buyers to get onto the property ladder. You would think that with low home loan interest rates it would make it easier. Whereas renting used to be a lot cheaper than buying, the rents have been increasing so these days the mortgage repayments are often not much more than the rent. Of course there are some other costs that you need to consider when you own a house, but the gap has closed and therefore its well worth trying to buy. There are ..read more
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Learn The Mortgage Trick To Paying Off Your Home Loan
Mortgage Managers | Finance Blog
by Stuart Wills
4y ago
Over the years as a mortgage adviser I’ve seen advertisements and articles about “the mortgage trick” … that there is some magical trick or secret that  the banks are hiding from you. But as you may have already learned, there is really no trick. It is disappointing but not surprising! You may have seen these same advertisements and articles about “the mortgage trick” and claiming that they can show you how to save you thousands or more on your mortgage by using this secret trick. The Mortgage Trick Explained Google defines a trick as “a cunning or skillful act or scheme intended to deceive or ..read more
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Should Switching Banks Be Your New Years Resolution?
Mortgage Managers | Finance Blog
by Stuart Wills
4y ago
New Years resolutions are meant to make a positive difference to your life so when you consider your finances switching banks may be the best decision that you can make. Switching banks may seem like a bit of trouble with paperwork to supply to your broker or bank, but if it helps you to  pay your home loan off faster then it is worth it. But do you have to switch banks if you just want to pay your mortgage off faster? You may think that you can pay your mortgage off faster with your existing bank, and you can. But some banks will offer you better options and more flexibility which allows you ..read more
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See How James Is Paying Off His Mortgage Faster
Mortgage Managers | Finance Blog
by Stuart Wills
4y ago
With home loan interest rates at all time low’s there is an opportunity to pay off your mortgage faster and without any pain. This week we worked with James and showed him and his wife how they could pay their mortgage off faster without committing to increasing the repayments. How James Is Paying Off His Mortgage Faster James and his wife purchased their first home in took out their mortgage in 2012. The mortgage was split into three loans; A small revolving credit loan – this provides the flexibility for James and his wife to pay more when they can, but was also very useful for the period of ..read more
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Mortgage Experts Discuss Revolving Credit Mortgages
Mortgage Managers | Finance Blog
by Stuart Wills
4y ago
Revolving credit mortgages are flexible loans like an overdraft which is secured over your property. Our mortgage experts discuss how to get the best from a revolving credit mortgage. What Is A Revolving Credit Mortgage? The borrowers (like you) often want to have more flexibility than with a standard home loan and this is where evolving credit mortgage really work well. Like an overdraft revolving credit mortgages are transactional accounts with a loan limit. This means you can use money (borrow money) up to the approved limit when required, but you are only charged interest on the amount tha ..read more
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Paying Your Home Loan Off Faster Just Got Easier
Mortgage Managers | Finance Blog
by Stuart Wills
4y ago
It’s great to know that one bank makes paying your home loan off faster an easier option. But is this the bank that you have your home loan with? Do you want to check which bank makes it easier to start paying your home loan off faster? As mortgage advisers we like to provide you information that can help you manage and of course help you to be paying your home loan off faster. With this advice you will find that paying off your home loan faster just got easier. Our Four Top Features For Fixed Home Loans Most people probably think that all home loans are the same, but they are not quite the s ..read more
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Getting A Home Loan With A 5% Deposit
Mortgage Managers | Finance Blog
by Stuart Wills
4y ago
Let’s look at getting a home loan with 5% deposit. As mortgage brokers we are often asked what deposit is needed for a home loan. The New Zealand banks are restricted by Reserve Bank rules (LVR rules) which means that they will normally ask for a 20% deposit; however they still have the ability to do some lending with as little as 5% deposit. They have always had the ability to do this, but in most cases they won’t unless the applicants are deemed as very attractive to the bank and there is good reason for not having the deposit available. There are two specific types of loans where you can g ..read more
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Switch Banks & Pay Your Mortgage Off Faster
Mortgage Managers | Finance Blog
by Stuart Wills
4y ago
Have you heard people telling you this … switch banks and  pay your home loan off faster. Do you have to switch banks? How do you pay your home loan off faster? As mortgage advisers we source home loans for people. But we also like to provide you information that can help you manage your home loans better and and ultimately pay your home loan off faster. Benefit From Free Advice People often ask what mortgage advisers do. Some think that our role is just to source a home loan and because of this they may choose to go straight to the bank. An advisers role is to source home loans, but it’s als ..read more
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