Monthly Archives: May 2015

Comprehensive mortgage insurance

Mortgage Insurance This cover can come with a number of optional add on benefits which I touched on in another article.  In this article I a want to help you understand some of the differences and in what situations you should consider adding optional benefits on your mortgage insurance. The basic cover normally consists of two core benefits, and the simple explanations are as follows; Life Cover: In the event of your death the insured amount is paid to the lender to repay the full balance of the mortgage (assuming that your cover is the same or greater than than [...]

Questions you should ask your Health Insurance provider

Health Insurance may be seen as a luxury more than a necessity, but according to healthfunds.org.nz more than 32% of New Zealanders have private health insurance.  I think this is considerably high, especially if most of us see it as a luxury.  Maybe now, it is no longer a luxury but fast becoming an important part of preserving our quality of life. Why we do we have Health Insurance? Everyone will have their own reasons.  Maybe it's the thought of being on a waiting list to get surgery or not getting that personal level of attention (and privacy) you may [...]

2015-05-24T03:39:22+12:0024/05/2015|Categories: Blog, Health Insurance|Tags: , |

Finding the best mortgage rates

  Finding the best mortgage rates available is subjective.  It is like answering "how long is a piece of string".  It all depends on what you want to do and what your goals are.  Here are three core questions you must ask yourself first. 1. How long am I going to keep the home or loan? If you plan to sell your home in the next 12 months (and most likely repay the loan) then I certainly would not be fixing my home loan mortgage rate for more than 12 months.  I would be considering a 6 month fixed rate [...]

How mortgage insurance works

Mortgage insurance comes in a number of variations and it is important to understand these variations.  You need to understand what you are covered for and what you are not covered for. You should talk to your adviser and find out what are the optional extras are which can be included but may not be in your current cover. Mortgage Repayment Insurance Normally, there is a base cover which is a life insurance benefit, so in the unfortunate event of death of the person (or persons) insured, the insurer will pay the insured amount to the lender and hopefully the insured [...]

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