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bigplanswm

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So far bigplanswm has created 74 blog entries.

How to use business income insurance

How to fund your business cash flow by using business income insurance. What options do you have to keep your cash flow going when you cannot work in your business in the short, medium or even long term.  There are a number of ways you could do this, but firstly, you need to give careful thought to what is going to happen to your business if you become unable to work due to sickness or accident, and would you manage such an event and how would you fund it using business income insurance as well as other sources of income. [...]

2015-07-26T07:43:26+12:0026/07/2015|Categories: Blog, Business Insurance|Tags: , , |
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How do I qualify for a mortgage?

  To get a mortgage from a bank or lender requires you to get a number of things right.  Here are the key criteria banks look at when assessing your eligibility for a mortgage.  We call it the 3 C's which are Character, Capacity and Collateral. Preparing to get a mortgage If you are paying rent, and have been paying your rent on time with no problems, and have a good repayment history with your landlord, this does not mean the bank will lend you money.  Although this will help persuade the bank to lend to you, it does not [...]

2015-07-12T00:42:19+12:0012/07/2015|Categories: Blog, Home Loans, Mortgage Finance, New Finance, Refinance|Tags: , , , , |
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How do interest rates work?

If you are a homeowner, or prospective homeowner, then understanding how interest rates work is going to be valuable to you when making financial decisions.  You should have some understanding about them, as they impact you, your family, your job and pretty much most things you do. Who sets the interest rates? It is the banks who set the interest rates and they determine what rate they lend money out to borrowers.  There are a number of factors which banks consider when they are setting current rates, and this list is in no means exhaustive, but some of them are; [...]

2015-07-05T00:09:38+12:0005/07/2015|Categories: Blog, Home Loans, Mortgage Finance|Tags: , , , , |
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Making your insurance claim smoother

Making your insurance claim go smoother would make our lives easier, and less stressful at a time where we already may be emotionally charged. Often we have a number of complimenting insurance policies to cover a number of risks, events and conditions that are particular to our needs. We want to make sure that when we need to claim, that it is not a paperwork nightmare and that we do not get caught up talking to different people and companies for the same insurance claim. In my business I will quite often bundle policy benefits together to make it [...]

2021-02-13T12:40:48+13:0020/06/2015|Categories: Blog, Personal Insurance|Tags: , , |
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How a Welcome Home Loan works

  Quite often I will come across clients who qualify for a Welcome Home Loan, so I thought I would write about how the Welcome Home Loan works. Welcome Home Loan explained This is a home deposit program from Housing New Zealand and it is designed to help new homeowners buy their first home.  It does have some rules around who will qualify and it is not for everyone.  In in today's housing market, the cost of delay is expensive (especially if you live in Auckland!) so my advice is, if you can afford it, and you qualify, buy it [...]

2015-06-13T22:33:08+12:0013/06/2015|Categories: Blog, Home Loans, Mortgage Finance, New Finance|Tags: , , |
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How likely are you to claim your life insurance?

  How likely are you to claim life insurance? Insurance is about managing risk.  It's a simple concept where many people pool funds together and then funds are paid out to people who need it.  With so many people contributing to such a large pool of funds, there needs to be a line drawn in the sand of who gets paid these funds and when.  This is where policy wording determines and defines what is fair and what is not and who gets paid and who may not.  It simply cannot be a free for all "everyone gets paid all [...]

2015-06-07T00:06:04+12:0007/06/2015|Categories: Blog, Life Assurance|Tags: , , |
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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 [...]

2015-05-30T09:10:24+12:0030/05/2015|Categories: Blog, Home Loans, Mortgage Finance, Mortgage Repayment|Tags: , , , |
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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: , |
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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 [...]

2015-05-17T04:04:50+12:0017/05/2015|Categories: Blog, Home Loans, Mortgage Finance, New Finance, Refinance|Tags: , , , , |
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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 [...]

2015-05-01T23:06:06+12:0001/05/2015|Categories: Blog, Home Loans, Mortgage Finance, Mortgage Repayment|Tags: , , , |
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