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The Magic of Compound Interest When Paying Down Your Mortgage
Paying off your mortgage might feel like a long, slow journey—but thanks to the magic of compound interest, every extra dollar you put towards your loan can have a surprisingly powerful effect. By understanding how interest is calculated and why timing matters, you can make compound interest work in your favour and pay your mortgage off faster.
Why Don’t We Have 30-Year Fixed Mortgages in New Zealand?
You’ve probably heard of 30-year fixed-rate mortgages in the US—home loans that lock in your interest rate for three decades. But in New Zealand, the longest fixed term you’re likely to see is just five years. Why? From our smaller financial markets to the way Kiwi borrowers prefer flexibility, this blog explores the key reasons why long-term fixed mortgages haven’t taken off in Aotearoa—and why they’re unlikely to anytime soon.
Who Pays for the Mortgage After a Separation?
Who pays the mortgage after a separation? It’s one of the most difficult financial questions facing separating couples—especially if you’re both still listed on the loan. This blog explores how ownership, liability, and credit risk work when a relationship ends, and what to do next.
What Is a Revolving Credit Account?
Revolving credit accounts can be a powerful tool for mortgage holders—offering flexibility, faster repayments, and interest savings. But they also come with discipline demands and careful planning. Here’s what you need to know to decide if it’s right for you.
When is the Right Time to Refinance Your Mortgage?
Refinancing your mortgage can unlock substantial financial benefits—but only if done at the right time. Discover the key indicators that signal when refinancing is the smartest move for your financial future.
Weekly vs Monthly Mortgage Payments: Which Is Better?
It’s a common myth that switching from monthly to weekly mortgage payments will save you thousands. While there is a small interest saving, it’s not as much as many think. We break down the numbers—and explain when weekly payments might actually pay off.
Why Leveraged Property Investment Can Mean Higher Returns
Leveraged property investment is one of the most powerful ways to grow wealth through real estate. By using borrowed funds—typically through a mortgage—you can maximise your investment potential, increase your returns, and even build a diverse property portfolio. But while leverage can amplify gains, it can also increase risk. In this blog, we explore what leveraging really means, how it works in New Zealand’s property market, and what you need to watch out for.
Should I Pay Down My Mortgage or Contribute to KiwiSaver?
If you’ve got extra income, you might be wondering whether it’s better to reduce your mortgage or invest it into your KiwiSaver. The answer depends on your goals, timeframe, and financial situation. We break down the numbers, the risks, and the long-term implications so you can make the smartest decision for your future.
Can I Get a Top-Up on My Mortgage?
Whether you're renovating your home, consolidating debt, or looking to make a large purchase, a mortgage top-up can give you access to your equity. But before you apply, it’s important to understand the rules, risks, and how banks assess your application.
Is It Worth Getting a Flatmate to Help Pay My Mortgage?
Thinking about getting a flatmate to help with the mortgage? That spare room could be the smartest financial decision you make. Here's how shared living can shave years off your home loan, boost your equity, and ease financial pressure—without sacrificing your sanity.
Everything you need to know about debt
Not all debt is created equal. Some can build your future—others can derail it. Learn the difference between good, bad, and grey-area debt, how it affects your mortgage application, and the steps you can take to improve your credit score and borrowing potential.
15 Smart Ways to Increase Your Home’s Value and Unlock Equity for Investment
Looking to build a property portfolio? These smart, low-cost home upgrades can boost your home’s value—unlocking equity you can use for your next investment property.
The Official Cash Rate (OCR) Explained
The Official Cash Rate (OCR) is one of the most powerful levers the Reserve Bank has to steer New Zealand’s economy. It influences mortgage rates, inflation, spending, and even the exchange rate. Whether you're a homeowner, investor or saver, understanding how the OCR works is essential to making smarter financial decisions.
Should You Break Your Fixed Mortgage? Here’s How to Calculate If It’s Worth It
Thinking about breaking your fixed mortgage rate to get a better deal? Here's how to calculate the break cost, assess whether it’s worth it, and avoid common pitfalls. With the right strategy, breaking your rate could save you thousands.
Should You Refinance to Another Bank for a Lower Interest Rate?
Tempted to switch banks for a slightly better mortgage rate? Here's how to weigh the potential savings against the hidden costs and effort involved in refinancing.
2 Bank Account Tips the Banks Will Never Tell You
Two smart banking strategies to boost your mortgage options and protect your lending access—tips the banks won’t offer but mortgage advisers know well.
Your mortgage rate is 8%
Your interest rate might be 6% or less—but planning as if it were 8% could save you thousands and cut your loan term in half.
How Offset Mortgages Work in New Zealand
Offset accounts are a smart tool for mortgage holders with savings—offering the ability to reduce interest without locking funds away. Here’s how offset mortgages work, who they’re good for, and when to consider one as part of your home loan structure.
Fixing or Refixing Your Mortgage: 3 Questions to Ask Before You Lock In
Whether you're fixing your mortgage for the first time or refixing an expiring loan, asking the right questions can save you thousands. Here’s what to consider before you commit to a new term.
10 Annual Home Maintenance Tasks Most Homeowners Forget
These 10 home maintenance tasks should be done annually—but most people forget. Tick them off to protect your home, avoid costly repairs, and feel smugly accomplished.