FacebookXLinkedInRss

Blog

How much deposit do I need?

Lenders have recently clamped down on the deposit requirements for home buyers, so if you are asking yourself "How much deposit do I need for a home loan" you need to read the following so know what banks and other lenders need from you. The major lenders such as BNZ, ANZ, Westpac and AB have all announced that they are "hitting pause" on borrowers with less than 20% deposit for a home purchase. However, there are specific circumstances where they will consider lending to borrowers who have less than 20% such as; New home purchases (buy a brand new home [...]

2022-01-25T10:46:49+13:0025/01/2022|Categories: Blog, Home Loans|
Read More

Disability Insurance

Disability Insurance can come in a number of forms such as a lump sum payment, and/or a monthly benefit payment for a set period of time, but the scope of this article is the large up front disability payment type. Total and Permanent Disability When it comes to Disability Insurance there are some rules and criteria that must be met for you to be determined as being totally disabled.  This up front payment is designed to fill the gap in the case where you may need a substantial benefit payment because you may not ever return to work. This benefit [...]

2022-01-22T21:07:51+13:0022/01/2022|Categories: Blog, Disability Insurance|
Read More

Refinancing your mortgage

Refinancing your mortgage may seem attractive right now, especially if you are being offered a very attractive fixed rate for the next few years.  However, there are some factors you will need to consider before moving to another lender. Refinancing costs What are the costs associated with refinancing to another lender? you could have any (or all) of the following costs. Legal Fees These can vary quite substantially between legal firms, the number of properties you are refinancing, and how complex your financial arrangements are now which will take more work in refinancing your mortgage, then, there are Trusts, Trustees [...]

2021-11-22T14:57:57+13:0022/11/2021|Categories: Blog, Home Loans|Tags: , , , |
Read More

Surgery waiting lists

Our public health system may have to tackle a mounting surgery backlog, and surgery waiting lists could grow exponentially if COVID-19 cases soar. Auckland's district health boards have the funding and people to handle the massive task of tackling the region's elective surgery backlog, Health Minister Andrew Little says.  But not everyone shares his optimism. Under the national guidelines for alert level 4, all non-urgent care, including surgery and outpatient appointments, have been postponed.  Auckland's DHBs have not been able to provide exact numbers on how many procedures have been cancelled at this stage. But in June 2020, it was [...]

2021-10-27T12:33:21+13:0027/10/2021|Categories: Blog, Health Insurance|Tags: , |
Read More

Pre Approved Home Loan

Having a Pre Approved Home Loan will provide you greater certainty of what a lender will provide you, and gives you some level of comfort when you go house hunting, but how long does this last and what if the market or the lending criteria changes, what happens to your pre approval. Pre Approvals are limited Pre approval from a lender has a limited time frame, and right now 90 days may be the most time a pre approval will last, then you will need to update your loan application and provide more recent supporting information.  This length of time [...]

2021-09-24T18:30:57+12:0024/09/2021|Categories: Blog, Home Loans|Tags: , , |
Read More

Best life insurance company

Finding the best life insurance company, really depends on what type of cover you are looking for now, what you may need in the future, and whether you can bundle your insurance together to save multiple policy fees. Who is the best company? Each insurance company has its' specific strengths and at certain times their product ratings from independent insurance research houses may change from time to time because of product innovation or lack thereof, and product ratings will change from insurer to insurer. One company may have the best Income Protection rated policy one year, and through product innovation [...]

2021-08-22T22:58:07+12:0022/08/2021|Categories: Blog|
Read More

Debt repayment insurance

Debt repayment insurance can make repayments on your financial commitments if you are unable to work due to sickness or accident and will pay in addition to any ACC you may be entitled to receive. What will debt repayment pay for? Debt repayment insurance can also me called household expenses cover or possibly a variation of other names, but it is specifically to make sure your household can meet its financial obligations and is not limited to just debt and you can insure for costs such as; Early Childcare Costs Electricity Hire Purchase, Bank/ Personal Loan Repayments House, Contents, Car [...]

2021-07-01T08:55:15+12:0001/07/2021|Categories: Blog, debt protection, loan repayment insurance|Tags: , , |
Read More

Who is PHARMAC

Who is PHARMAC and what do they do? Fortunately for us Kiwis, we have PHARMAC who are a government funded agency that decides which medicines and related products are funded in New Zealand. They decide what treatments they subsidise to make drug treatment more affordable or even free, but they have a limited budget and have the task of deciding which treatments they subsidise which also means which ones they cannot.  I use the word cannot because if they could afford to, I am sure they would. Here are some facts you should know about PHARMAC In the 2019/2020 years [...]

2021-06-23T10:12:24+12:0023/06/2021|Categories: Blog, Health Insurance|Tags: , , , |
Read More

What does a Financial Adviser do

If want to know what does a Financial Adviser do, there can be a range of answers because the use of the term financial adviser is broad, and was defined under the new government rules and regulation. Financial Advisers work in three categories which are insurance, investments and finance.  Some advisers will provide all types of services such as Mortgage Finance, Personal Insurance such as Life Insurance and KiwiSaver while some will just provide service in one category such as Mortgage Finance. Financial Adviser Qualifications Financial Advisers are governed by the Financial Markets Authority (FMA) who hold advisers to a [...]

2021-05-24T10:01:50+12:0024/05/2021|Categories: Advisers, Blog, Financial Advice, Financial Adviser|
Read More

What will ACC pay for

What will ACC pay for is a very popular question and we need to understand what it will pay for and even more importantly, what it will not pay for.  There are limits to this cover and as obvious as it sounds, it is for Accident Only. Accident Only Income Replacement We have to acknowledge the place ACC plays in our lives as New Zealanders and how fortunate we are compared to other countries such as the United States.  However it is restricted to Accident Only and does not pay for being unable to work when you are too sick [...]

2021-05-04T12:26:03+12:0004/05/2021|Categories: ACC, Blog|
Read More
Go to Top