Most homeowners and investors set their mortgage up once and leave it there. But a home loan isn't a “set and forget” arrangement — and the
moments when your circumstances change are exactly when it pays to review it. One of the biggest of those moments is when you’re
restructuring how a property is owned: moving it into a company or a family trust. If that’s on your horizon, it’s also the ideal time to
look at whether your current bank is still the right fit.
The case for switching banks.....
For many homeowners, upgrading follows what feels like a familiar path.
Sell the current home, use the equity as a deposit, then move into the next one.
It's the approach most people expect.
But it's no longer the only option.
Buying your first home is exciting, but one of the biggest decisions you'll make comes before you even start house hunting.
Do you buy a brand new home, or an existing one?
Both options have their advantages. The right choice depends on your budget, your lifestyle and what matters most to you over the long term.
In this week's update, I'll walk through the pros and cons of each so you can make a more informed decision before taking
the next step.
On the 8th of July the Reserve Bank of New Zealand lifted the Official Cash Rate (OCR) by 25 basis points to 2.50%, the first move in what looks set to be a gradual tightening cycle. The decision was reached by consensus, and while markets had largely picked a hike, a number of economists had backed a hold right up to the announcement.