Assumptions

Assumptions

When applying for a mortgage there are assumptions that people will make, however many of these assumption can ultimately end up causing financial and personal pain.  We thought we would address...

Published In The Whakatane Beacon

21 July 2017
Clearing Confusion over Deposit Definitions

Clearing Confusion over Deposit Definitions

Recently a client putting together the terms of a contract to purchase a home came to us with a question regarding what was meant by the lawyers query regarding the deposit payment. As far as the...

Published In The Whakatane Beacon

14 July 2017
INSURANCE: THE FIRST TO GO?

INSURANCE: THE FIRST TO GO?

When times are tough and cashflow is tight it’s often the Insurance that is the first to be cancelled.  The reason seems to be that the client is unable to justify the expense as compared...

Published In The Whakatane Beacon

7 July 2017
New Insurances to Protect your Children in times of Crisis

New Insurances to Protect your Children in times of Crisis

Several years ago I wrote an article, “Looking after your children’s health and welfare” which detailed how you could get some insurance cover as an optional extra on your own...

Published In The Whakatane Beacon

30 June 2017
SUBDIVIDING PROPERTY

SUBDIVIDING PROPERTY

What was once the classic ¼ acre section is now becoming a thing of the past as owners are looking to maximise the return on their investment of their property by subdividing. Subdividing can...

Published In The Whakatane Beacon

23 June 2017
Lenders Loan Affordability Tools- A Tale of Differing Calculations

Lenders Loan Affordability Tools- A Tale of Differing Calculations

Ever since banks were advised by Government legislation introduced in 2015 that they had to comply with “Prudent lending” guidelines, there has been a much stronger emphasis for...

Published In Whakatane Beacon

14 June 2017
How to Strengthen Your Offer

How to Strengthen Your Offer

When purchasing a property the ideal situation is for you to be the only purchaser or the only one making an offer.  However with a lack of real estate stock many of our clients are having to go...

Published In Whakatane Beacon

7 June 2017
Who owns what in times of change?

Who owns what in times of change?

Recently one of our clients went to purchase a property only to find out that the ownership of the home was not just in the name of the person selling it. In fact on several occasions lately we have...

Published In The Whakatane Beacon

2 June 2017
Offset vs Revolving Credit

Offset vs Revolving Credit

With the “Offset” Home loan gaining momentum in popularity we thought it would be a good idea to review what it has to offer and how it differs from other loans.   A...

Published In The Whakatane Beacon

26 May 2017
The Cost of Good Health

The Cost of Good Health

The Cost of Good Health With all the increases in costs of living and comments about the rise in grocery and petrol expenses, it is interesting to notice that one area where people expect prices to...

Published In The Whakatane Beacon

19 May 2017
Kiwisaver and Homestart

Kiwisaver and Homestart

There are some major frustrations and misunderstandings surrounding Kiwisaver and Homestart and this article will attempt to clarify some major points on both these initiatives.    The...

Published In Whakatane Beacon

5 May 2017
What Type of Valuation do you Need?

What Type of Valuation do you Need?

Recent news media has stated that there has been more stability in house pricing values, although growth in property values across the country is still continuing to rise. Certainly, locally the...

Published In Whakatane Beacon

3 May 2017
When Insurance Agencies Don't Pay Up....

When Insurance Agencies Don't Pay Up....

With recent events we have seen incidents of flood victims failing to have their insurance claims expectations met.  These decisions can be devastating to those who have suffered loss in...

Published In Whakatane Beacon

2 May 2017
Options to Ease Home Loan Payments

Options to Ease Home Loan Payments

With recent local flooding and storm events, many people have found themselves in a position where managing home loan repayments presents a challenge due to not being able to work for a period of...

Published In Whakatane Beacon

19 April 2017
When Disaster Strikes

When Disaster Strikes

Recent events in the Eastern Bay have shown that while sometimes there are things out of our control how we prepare and respond to these disasters can greatly affect the overall outcome....

11 April 2017
Looking After your Children's Health and Well-Being

Looking After your Children's Health and Well-Being

At O’Hagan’s we believe that children are our future, treat them well and let them lead the way, show them all the beauty they possess inside. Okay, so that’s Whitney Houston who...

Published In Whakatane Beacon

5 April 2017
Changing Lenders

Changing Lenders

Often clients come to us asking to refinance them from their existing lenders.  While there can be good reasons for changing, caution needs to be taken to ensure you are indeed getting a...

Published In Whakatane Beacon

29 March 2017
Accessing Home Loan Funds When Building

Accessing Home Loan Funds When Building

As suitable properties to purchase become harder to come by, more and more people are looking at the option of buying land and building their own home. Anybody who is looking to finance the...

Published In Whakatane Beacon

24 March 2017
Factors that affect the cost of your Insurance premium

Factors that affect the cost of your Insurance premium

Whether it is insuring your home, your car or yourself against death, injury or illness, one of the most common barriers to taking out sufficient cover is the cost of premiums. But what causes...

Published In Whakatane Beacon

15 March 2017
Changes to Home Loan Discounts & Fees for Property Investors

Changes to Home Loan Discounts & Fees for Property Investors

There has been a lot of discussion in the past few months regarding the Reserve Bank’s decisions impacting property investors who now require 40% equity on any rental investment purchase. This...

Published In Whakatane Beacon

8 March 2017
STRUCTURE OF LENDING

STRUCTURE OF LENDING

With markets stabilising and the Reserve Bank indicating they won’t be lifting interest rates any time soon it is a good time to look at what the recommendations are for structuring mortgage...

Published In Whakatane Beacon

8 March 2017
Parents Helping Their Kids To Buy Their First Home

Parents Helping Their Kids To Buy Their First Home

Parents can be great mentors in financial management and there are several ways parents can help their kids to buy a home of their own.   KIWISAVER: Parents can get their kids in to...

Published In Whakatane Beacon

22 February 2017
Do You Really Need a Trust?

Do You Really Need a Trust?

Recently, we have had a number of occasions where the involvement of trusts in home ownership matters has led to delays in sales or settlements. It made us wonder What are the reasons to set up a...

Published In Whakatane Beacon

15 February 2017
Vendor Finance

Vendor Finance

With recent changes in lenders policies in relation to above 80% lending it’s important to think outside the square and look at ways in which purchasers are able to buy a home if they...

Published In Whakatane Beacon

15 February 2017
Consolidating Debt as a Shortcut to Home Loan Affordability

Consolidating Debt as a Shortcut to Home Loan Affordability

As we take stock of the post-Christmas spending it is sometimes sobering to note the level of short term debt that has piled up. These debts such as Personal bank loans, Hire Purchase, Store and...

Published In Whakatane Beacon

1 February 2017
Key Decisions to Protecting your Business

Key Decisions to Protecting your Business

Sixty-seven percent of businesses that stop trading do so because of the death, serious illness or injury of a key person. Typically the key person or “Rainmaker” generates up to 70%...

Published In Whakatane Beacon

1 February 2017
Booking Interest Rates

Booking Interest Rates

If you are on a fixed interest rate and it is coming to the end of it’s term you have the choice to book another fixed rate or go on to a variable rate.  Going on to a floating interest...

Published In Whakatane Beacon

21 December 2016
Goal Setting

Goal Setting

As we say goodbye to 2016 and look forward to 2017 the start of a new year allows us to stop and contemplate what we hope to achieve in the upcoming year.  This includes financial...

Published In Whakatane Beacon

21 December 2016
Review of the year and where to from here?

Review of the year and where to from here?

Well, what an extraordinary year this has been. Who, twelve months ago, would have predicted the changes that we’ve seen at home and abroad. In the UK, the Brexit vote went the way of...

Published In Whakatane Beacon

21 December 2016
Christmas Budget

Christmas Budget

Retailers love Christmas because there are two things they can rely on; they know people will over-spend on gifts and food, and there will be much impulse buying. So the question is how to avoid...

Published In Whakatane Beacon

14 December 2016
Pro's and Con's to Fixing or Floating your Home Loan

Pro's and Con's to Fixing or Floating your Home Loan

“Fixed or floating?  And if fixed for how long”.  This is probably the question that we are asked the most as mortgage advisers.  The usual response, “it totally...

Published In Whakatane Beacon

7 December 2016
Movement on Interest Rates - Pricing

Movement on Interest Rates - Pricing

While the Reserve Bank continues to lower the Official Cash Rate (OCR) last week we saw 2 banks increase their fixed interest rates.  Does this signal the end of the lowest fixed rates that...

Published In Whakatane Beacon

2 December 2016
12 Budget Tips to Help You have a Merry Christmas

12 Budget Tips to Help You have a Merry Christmas

As Home Loan and Insurance advisers part of our Duty of Care is to try to help our clients achieve their financial goals but this time of year planning appears to go out of the window for many...

Published In Whakatane Beacon

23 November 2016
When You Have Less Than a 10% Deposit

When You Have Less Than a 10% Deposit

With the Loan to Value Ratio (LVR) restrictions imposed by the Reserve Bank reducing the availability of funding for loans above 80% for owner occupied homes down to 10% of a lender (bank’s)...

Published In Whakatane Beacon

21 November 2016
Tax Changes for Investment Properties

Tax Changes for Investment Properties

With the recent alteration in tax regulation regarding investment properties it is important to be aware of the implications when buying and selling investment properties.     As...

Published In Whakatane Beacon

9 November 2016
Check that your Insurance policy will Protect You

Check that your Insurance policy will Protect You

Last week I purchased a new car and contacted my Fire & General broker to arrange the vehicle insurance. They provided me with a quote, but then for some reason I decided to take a closer look...

Published In Whakatane Beacon

9 November 2016
Don't let Assumptions cloud your Judgement

Don't let Assumptions cloud your Judgement

When arranging personal insurance, clients can often fall into a trap of making one or more of five major assumptions.    1) The Assumption of a sudden death:  The...

Published In Whakatane Beacon

28 October 2016
When Does your Insurance Get Paid

When Does your Insurance Get Paid

All insurances are pretty much the same when taken out. A sum is decided upon for the cover and premiums are calculated dependent on the risk and likelihood of a claim being made. The important...

Published In Whakatane Beacon

28 October 2016
Keeping it Honest

Keeping it Honest

Recently we heard of an incident that showed how keeping it honest with insurance agencies is essential – not just to be a good citizen but to avoid the severe ramifications if ever caught...

Published In Whakatane Beacon

12 October 2016
Assumptions in Insurance

Assumptions in Insurance

When people make complaints about insurance agencies the root cause of the complaint is the  “expectation of the client” not being met.   While there are the odd...

Published In Whakatane Beacon

5 October 2016
Buying at Mortgagee Auction

Buying at Mortgagee Auction

In recent times, auctions to generate the best price for vendors have become a very popular sales method. Buying at auction is a little different to a normal purchase in the fact that you...

Published In Whakatane Beacon

28 September 2016
Expectations on Pricing on Loan Applications

Expectations on Pricing on Loan Applications

Up until a few months ago the pricings on new lending was, to say the least, getting out of hand.  Lenders were offering huge cash contributions, reduced interest rates and other incentives...

Published In Whakatane Beacon

21 September 2016
Playing the Waiting Game for Your New Purchase

Playing the Waiting Game for Your New Purchase

For some time now, real estate agents have been crying out for properties to list for sale, leading to a shortage of available stock and leading to us experiencing a “seller’s...

Published In Whakatane Beacon

14 September 2016
Ways to Sell your Home in the Current Market

Ways to Sell your Home in the Current Market

With the market being at such a frenetic pace it’s a good idea to review the pros and cons of each selling method.   SOLE AGENCY (EXLUSIVE AGENCY) – Vendors list their...

Published In Whakatane Beacon

7 September 2016
How to find out the true value of your home

How to find out the true value of your home

In the current buoyant housing market, we have seen an increase in properties being sold at or above the listed sale price. This has been driven by a lack of suitable housing stock in relation to...

Published In Whakatane Beacon

1 September 2016
Loans for Rental Properties

Loans for Rental Properties

When borrowing to invest in rental properties it is prudent for Property Investors to structure their loan to maximise any tax benefits.   PURPOSE OF LOAN:  It is the purpose of...

Published In Whakatane Beacon

24 August 2016
The Impending Rise of the Non-Bank Lender

The Impending Rise of the Non-Bank Lender

Home loan lending requirements have gone through a significant change with the introduction of the Reserve Banks LVR restrictions which come into effect on October 1st and with it will come a...

Published In Whakatane Beacon

17 August 2016
Make Sure You're Getting Insurance Advice from the Right Source

Make Sure You're Getting Insurance Advice from the Right Source

I was recently overseas and was amazed at the number of different outlets offering personal insurance. Even since I returned I have been noticing the increase in Online and TV advertised options...

Published In Whakatane Beacon

10 August 2016
Welcome Home Loan Changes May Benefit Eastern Bay First Home Buyers

Welcome Home Loan Changes May Benefit Eastern Bay First Home Buyers

This week, the Housing Minister Nick Smith announced changes to the Government backed Welcome Home Loan which may allow First Home Buyers to purchase a more suitable property in the current...

Published In Whakatane Beacon

4 August 2016
New LVR Restrictions

New LVR Restrictions

In an effort to reign in house price inflation the Reserve Bank issued mandates to banks which are as follows 1) For owner occupied homes banks can have no more than 10% of their loan...

Published In The Whakatane Beacon

27 July 2016
Big Mistakes

Big Mistakes

Big Mistakes   When making an offer to purchase a property where you need finance we are often scared of making a terrible and costly mistake.   Here are the top 10 most common...

Published In Whakatane Beacon

19 July 2016
Wording on Sale and Purchase Agreements

Wording on Sale and Purchase Agreements

Wording on sale & purchase agreements   With the real estate market being so manic we are seeing a lot of clients wanting to make unconditional offers to secure their new...

Published In Whakatane Beacon

13 July 2016
Finance for Relocatable Homes Not so Straight Forward

Finance for Relocatable Homes Not so Straight Forward

Recently, we have had a number of clients with home loan pre-approvals who have not been able to find a suitable property to purchase in their price range. An option that has been suggested for...

Published In Whakatane Beacon

6 July 2016
The Other Side of Funeral Insurance

The Other Side of Funeral Insurance

Recently on TV there was a discussion on funeral insurance.  It was felt that insurance companies pressured people to purchase funeral insurance.  It was estimated that if funeral...

Published In Whakatane Beacon

29 June 2016
Bank's Criteria is not always Created Equal

Bank's Criteria is not always Created Equal

You may think that all banks will look at home loan applications the same way, and the only difference between lenders comes down to interest rate pricing and the experience in the branch, but...

Published In Whakatane Beacon

21 June 2016
Probability V's Impact

Probability V's Impact

There are 2 reasons why we take out insurance.  We do it because we think something is likely to happen  OR we do it because if something did happen the impact on our financial situation...

Published In Whakatane Beacon

15 June 2016
Don't Try to Close the Stable Door After the Health Horse has Bolted

Don't Try to Close the Stable Door After the Health Horse has Bolted

Recently we have seen a couple of occasions when the timing of clients Insurance enquiries has unfortunately been too late to get the cover they require. The key thing to bear in mind when...

Published In Whakatane Beacon

7 June 2016
How Much Should I Borrow

How Much Should I Borrow

When looking to buy a new home inevitably one of the first questions asked by clients is “how much CAN we borrow?”.  This information is used to work out what price bracket they...

Published In Whakatane Beacon

1 June 2016
Can your Insurance Policy change as you do?

Can your Insurance Policy change as you do?

Many insurance policies on the surface look very similar and may even have comparable prices, but do you know whether the policy is able to adapt to fit your changing needs at each stage of your...

Published In Whakatane Beacon

25 May 2016
GIFTING TO HELP WITH HOME PURCHASES

GIFTING TO HELP WITH HOME PURCHASES

GIFTING TO HELP WITH HOME PURCHASES As house prices have increased in line with the demands of the current market, the opportunity to purchase their own property has been difficult for many...

Published In Whakatane Beacon

19 May 2016
HOW DOES A MORTGAGE BROKER SAVE YOU MONEY?

HOW DOES A MORTGAGE BROKER SAVE YOU MONEY?

A mortgage broker has many uses to people who require finance when purchasing a property.   They can provide options, reduce stress and save a lot of time. If they didn’t they...

Published In Whakatane Beacon

19 May 2016
LOAN TO VALUE RATIOS

LOAN TO VALUE RATIOS

There has been so much talk in the news about LVR (Loan to Vale Ratio) restrictions but exactly what is an LVR and how is it calculated and more importantly how does it effect what we can...

Published In Whakatane Beacon

4 May 2016
LESSONS FROM MISTAKES PAST

LESSONS FROM MISTAKES PAST

With the recovery in the housing market property investors are more active now than they  have been since the boom of 2008.  We have noticed the reappearance of property investment...

Published In Whakatane Beacon

29 April 2016
BUYING AND SELLING TO THE CONDITIONS

BUYING AND SELLING TO THE CONDITIONS

Recent client experiences in the current competitive housing market made us think it was a good time to write an article about the importance of wording on Sale & Purchase contracts when buying...

Published In Whakatane Beacon

13 April 2016
The cost of getting advice

The cost of getting advice

As Insurance Brokers we are asked to prepare plans and quotes for clients on different insurance products. Our primary concern when making a recommendation is having clients covered adequately and...

Published In Whakatane Beacon

4 April 2016

BEING PREPARED

There has been a surge in buyers coming back in to the market with a larger number of real estate transactions.  With more competition amongst Buyers there is more pressure for them to...

Published In Whakatane Beacon

23 March 2016

Fixed or Floating Home Loan, What's Your best Option?

Home Loan borrowing in New Zealand differs from Australia and many countries around the world by the simple fact that the majority of mortgage loans (Around 80%) are on fixed rates while this...

Published In Whakatane Beacon

15 March 2016

HEALTH INSURANCE PROVIDING ALTERNATIVES

When I became a parent over 20 years ago my husband and I decided to take out health insurance for the whole family.  This may seem a logical course of action for an Insurance Broker (which I...

Published In Whakatane Beacon

8 March 2016

The Extra price of having a lower deposit

Last week, one of the major trading banks introduced new measures for those customers obtaining loans with less than a 20% deposit. The first thing that you may find surprising about that...

Published In Whakatane Beacon

1 March 2016
OFFSET VS REVOLVING CREDIT

OFFSET VS REVOLVING CREDIT

With the “Offset” Home loan gaining momentum in popularity we thought it would be a good idea to review what it has to offer and how it differs from other loans.   A...

Published In Whakatane Beacon

24 February 2016
Protecting your most valuable asset - YOU!

Protecting your most valuable asset - YOU!

If we were to ask you to name your most valuable asset, what would it be? For many people their answer would be their home. Others may suggest that their boats or cars were the most important...

Published In Whakatane Beacon

16 February 2016
The Sale & Purchase Contract

The Sale & Purchase Contract

Signing a sale & purchase agreement requires a commitment from the Vendor (to sell the property) and the Purchaser (to buy the property).  Yet sometimes the Purchaser may not be serious...

Published In Whakatane Beacon

12 February 2016
Is a Family Trust the right option for you?

Is a Family Trust the right option for you?

Several recent experiences and client discussions with their accountants regarding whether to put their properties in Trusts made us think that perhaps we should put something together on this...

Published In Whakatane Beacon

4 February 2016
How to set up a Budget

How to set up a Budget

Well, we’ve got through the festive season and can now look forward to an exciting 2016. Many people will have made their New Year’s resolutions (and many of them have been broken...

Published In Whakatane Beacon

28 January 2016
Goal Setting

Goal Setting

As we say goodbye to 2015 and look forward to 2016 the start of a new year allows us to stop and contemplate what we hope to achieve in the upcoming year.  This includes financial...

Published In Whakatane Beacon

15 January 2016
The cost of NOT reviewing your insurance

The cost of NOT reviewing your insurance

  When we ask clients what personal (life, income protection, health, trauma etc) insurance they have they almost always cannot accurately identify what type of cover they have and at...

Published In Whakatane Beacon

15 January 2016
What needs to change ...

What needs to change ...

Think back to 10 years ago. Is everything in your life exactly the same as it was then? Chances are, probably not. While we may set out our goals with the best of intentions, often things change and...

Published In Whakatane Beacon

8 January 2016
2015- Review of the year and what happens next

2015- Review of the year and what happens next

Well, it’s that time of the year again, when we look back at the major events of the year that have shaped the home loan and insurance markets, with an eye on the future and what 2016 may...

Published In Whakatane Beacon

23 December 2015
INTERPRETING THE MARKETS

INTERPRETING THE MARKETS

Last week the Reserve Bank today reduced the Official Cash Rate (OCR) by 25 basis points to 2.5 percent.  The reasons for this relate to the weak economic growth globally and the softened NZ...

Published In Whakatane Beacon

16 December 2015
The Value of A Mortgage Broker

The Value of A Mortgage Broker

A recent commentary on a study commissioned by the Mortgage and Financial Association of Australia (Observations on the value of Mortgage Broking – prepared for the Mortgage & Finance...

Published In Whakatane Beacon

2 December 2015
How Much Life Insurance Do I Need?

How Much Life Insurance Do I Need?

Here is another question that came through to us recently and 2 different points of view as to the “right” answer:   QUESTION:         What...

Published In Whakatane Beacon

27 November 2015
Take out your Insurance before you know you need it

Take out your Insurance before you know you need it

Why do we have Insurance policies? This isn’t a trick question, but asking it will get different responses for each person’s situation. Whether it is to look after the family once you...

Published In Whakatane Beacon

25 November 2015
Defining your deposit- some tips on timing

Defining your deposit- some tips on timing

With many of the recent news items and articles relating to the level of deposit required in order to purchase a property or obtain a top up on your loan, especially in relation to the Reserve...

Published In Whakatane Beacon

18 November 2015
HOW MUCH TRAUMA COVER SHOULD YOU HAVE

HOW MUCH TRAUMA COVER SHOULD YOU HAVE

Recently we attended a seminar on calculating how much trauma insurance cover should you have.  The result was – it’s impossible to calculate because it will depend on what Traumatic...

Published In Whakatane Beacon

13 November 2015
Updating your Insurance for your current situation?

Updating your Insurance for your current situation?

Many insurance policies on the surface look very similar and may even have comparable prices, but do you know whether the policy is able to adapt to fit your changing needs at each stage of your...

Published In Whakatane Beacon

16 October 2015
Kiwisaver and Home-start

Kiwisaver and Home-start

There are some major frustrations and misunderstandings surrounding Kiwisaver and Homestart and this article will attempt to clarify some major points on both these initiatives.  The Kiwisaver...

Published In Whakatane Beacon

9 October 2015
What Happens after the Break-Up?

What Happens after the Break-Up?

One of the saddest repercussions of the slowdown in the economy which has led to the need for the lowering of interest rates, is the amount of relationship break-ups that we have witnessed. While...

Published In Whakatane Beacon

2 October 2015
Vendor Finance

Vendor Finance

With recent changes in lenders policies in relation to above 80% lending it’s important to think outside the square and look at ways in which purchasers are able to buy a home if they...

25 September 2015
Knowing the Conditions for your Sale & Purchase Agreement

Knowing the Conditions for your Sale & Purchase Agreement

One of the aspects of any property purchase that causes confusion for many people – including those who have been through the process previously, not just first home buyers – is the...

Published In Whakatane Beacon

18 September 2015
Making Your Money Work for You

Making Your Money Work for You

Money – it’s something we strive to collect and we all believe in some way or other that the more we have the happier we’ll be.  Here are some ideas and tips on trying to keep...

Published In Whakatane Beacon

11 September 2015
This Father's Day think about your Family

This Father's Day think about your Family

It may just be a coincidence but Father’s Day, which is being celebrated this weekend, is timed in the same month where we acknowledge the fight against Prostate Cancer as part of Blue...

Published In Whakatane Beacon

4 September 2015
Interest Rate Averaging

Interest Rate Averaging

Interest rates are at historical lows.  Most expectation is that rates will drop even further but the question is how long will it take to reach it’s lowest and what will that lowest rate...

Published In Whakatane Beacon

28 August 2015
Keeping Things Running in Times of Crisis

Keeping Things Running in Times of Crisis

Sixty-seven percent of businesses that stop trading do so because of the death, serious illness or injury of a key person. Typically the key person or “Rainmaker” generates up to 70% of a...

Published In Whakatane Beacon

21 August 2015
ACC - What it Does Cover and What it Doesn't Cover

ACC - What it Does Cover and What it Doesn't Cover

Many of us treat ACC like a Tax.  While it is compulsory it is, however, insurance.  But what exactly does it cover and more importantly what doesn’t it?   ACC will pay for...

Published In Whakatane Beacon

14 August 2015
To Break or Not to Break?  That is the Question

To Break or Not to Break? That is the Question

We have seen quite an increase lately, in enquiries from people who have been watching the downward movements of Interest rates and wondering whether now would be a good time to restructure or...

Published In Whakatane Beacon

7 August 2015
Purchasing your First Home

Purchasing your First Home

First home buyers are amongst the most active home buyers at present.  Here are a few tips to help you prepare yourself to be in the best position to secure finance Be Realistic on your...

Published In Whakatane Beacon

31 July 2015
Why your Adviser should be the FIRST (not last!) choice

Why your Adviser should be the FIRST (not last!) choice

There are many reasons that people choose to use an adviser or intermediary when looking at their home loan and insurance options. For some it is not knowing where to begin with the process and...

Published In Whakatane Beacon

24 July 2015
Repeating Trends

Repeating Trends

With the collapse of the housing and financial markets  in the last few years we saw not only a lot of pain but we actually saw some good things happen.  Primarily the disappearance of some...

Published In Whakatane Beacon

17 July 2015
Will your new home be Satisfactory to the Bank?

Will your new home be Satisfactory to the Bank?

When receiving any loan pre-approval, one of the criteria mentioned by all banks is that the property being offered as security is acceptable to the bank in relation to the type and location of the...

Published In Whakatane Beacon

10 July 2015
Amendment to LVR Restrictions

Amendment to LVR Restrictions

Recently we did an article explaining the new Loan to Valuer Ratio (LVR) restrictions imposed by the Reserve Bank set to come in on 1/10/2015 – most predominantly the reduction of the maximum...

Published In Whakatane Beacon

3 July 2015
A Quick Way to Fast Track your Recovery

A Quick Way to Fast Track your Recovery

Recently on two separate occasions during routine medical examinations, I have heard of people being asked, “Do you have medical Insurance?” prior to the Doctor advising of the next...

26 June 2015
How to Strengthen your Offer

How to Strengthen your Offer

We are noticing substantial movement on the property market in the Eastern Bay of Plenty.  Many of our clients are going to multiple offers.   So what can you do as a purchaser to make sure...

19 June 2015
Do you need your Assets in a Trust

Do you need your Assets in a Trust

“As soon as you trust yourself, you will know how to live.”  Johann Wolfgang Von Goethe, Faust German dramatist, novelist, poet, & scientist (1749 - 1832) This quote is from a...

Published In Whakatane Beacon

12 June 2015
Revolving Credit for Property Investors

Revolving Credit for Property Investors

Revolving credit loans have had a pretty bad reputation.  It is a product that is sold on the promise of you being able to repay your mortgage in only a few years.  You do this by crediting...

Published In Whakatane Beacon

5 June 2015
Good and Bad for property purchasers in Budget decisions

Good and Bad for property purchasers in Budget decisions

Last week’s budget and Reserve bank announcements provided an interesting selection of issues that could affect those purchasing property in the coming years. While centred around slowing down...

29 May 2015
Recent Changes from the Reserve Bank

Recent Changes from the Reserve Bank

Last week the Reserve Bank announced changes to the loan to value ratio restrictions implemented in recent years to address the rapidly rising house prices in the Auckland market. At present Lenders...

Published In Whakatane Beacon

22 May 2015
Options When You Don't Have Your Full Deposit

Options When You Don't Have Your Full Deposit

For many people, the chance to purchase their own home has been difficult in recent years due to the Reserve Bank and consequently lenders requirement for larger deposits. This requirement has...

Published In Whakatane Beacon

15 May 2015
Insurance - The First to Go?

Insurance - The First to Go?

When times are tough and cashflow is tight it’s often the Insurance that is the first to be cancelled.  The reason seems to be that the client is unable to justify the expense as compared...

Published In Whakatane Beacon

8 May 2015
Approaches to Arranging Personal Insurance

Approaches to Arranging Personal Insurance

When they are considering personal insurance we generally find from our previous experience that clients come to us with one of three different proposals.  The first is based on what we, as...

Published In Whakatane Beacon

1 May 2015
Trust and Insurance

Trust and Insurance

Insurance agencies do not enjoy a great reputation.  Many clients will begrudgingly take up a policy believing that if a claim were to be made the insurance agency would try to wriggle out of...

Published In Whakatane Beacon

24 April 2015
Who Owns the Property when the Relationship Breaks Up?

Who Owns the Property when the Relationship Breaks Up?

While there are many reasons for the ending of marriages and de Facto relationships, financial pressures are often cited as a contributing factor. It can be very hard juggling the family budget when...

Published In Whakatane Beacon

17 April 2015
Making your Offer to Purchase a New Home

Making your Offer to Purchase a New Home

When making an offer to purchase a new home there are several people involved and this week’s article addresses some points to consider in relation to who is involved and how they are effect...

Published In Whakatane Beacon

10 April 2015
The Importance of Knowing your Insurer will pay at Claim time

The Importance of Knowing your Insurer will pay at Claim time

Let’s face it, when looking at Insurance companies advertising and their promises when getting you to buy their product, they all appear to be pretty much the same. However, there are a number...

Published In Whakatane Beacon

3 April 2015
Housing New Zealand Changes - 2015

Housing New Zealand Changes - 2015

As of the 1/4/2015 there are some significant changes for first home buyers in regards to the ability to access funds from their Kiwisaver, Government Grants and Finance options.  These...

Published In Whakatane Beacon

27 March 2015
Mastering the Conditions of the Sale & Purchase Agreement

Mastering the Conditions of the Sale & Purchase Agreement

It recently came to our attention that while many people understand the basics of what’s involved at each stage of signing a Sale & Purchase contract to buy or sell property, there are...

Published In Whakatane Beacon

20 March 2015
Is Buying your Own Home & Affordable Option

Is Buying your Own Home & Affordable Option

Comparison between buying in England and New Zealand. While Hong Kong has grabbed first place in the undesirable race to be the most unaffordable city in the world to buy property, Auckland with its...

Published In Whakatane Beacon

13 March 2015
Loan to Value Ratios

Loan to Value Ratios

There has been so much talk in the news about LVR (Loan to Vale Ratio) restrictions but exactly what is an LVR and how is it calculated and more importantly how does it effect what we can do. LVR is...

Published In Whakatane Beacon

13 March 2015
Workplace Insurance Schemes

Workplace Insurance Schemes

Workplace Insurance Schemes are a cost effective way for Employers to remunerate and reward their Employees.  A group insurance scheme is one that the Employer arranges for their staff....

Published In Whakatane Beacon

27 February 2015
How Do You Know if you Have a Mortgage?

How Do You Know if you Have a Mortgage?

This week’s article was prompted by a request during a recent conversation about houses, their values and the terminology used by people to describe their current situation. It was suggested...

Published In Whakatane Beacon

20 February 2015
Ten Year Fixed Rate - Good or Bad

Ten Year Fixed Rate - Good or Bad

Lenders are fiercely competing with each other to make themselves more attractive to clients.  While most are competing on price it is refreshing to see some lenders thinking outside the square...

Published In Whakatane Beacon

13 February 2015
A Tale Close to Home

A Tale Close to Home

Often as Insurance advisers we hear real-life stories highlighting those who have had to make insurance claims and the difference it makes having the right cover in place. It is safe to say that...

Published In Whakatane Beacon

6 February 2015
Assumptions in Insurance

Assumptions in Insurance

When people make complaints about insurance agencies the root cause of the complaint is inevitably  that the  “expectation of the client” is not met.  While there are the...

Published In Whakatane Beacon

30 January 2015
How to Prove Home Loan Affordability

How to Prove Home Loan Affordability

Once again, the subject of housing affordability has come into the spotlight. In this article we’re going to cover what information the banks use and how you can improve your chances of passing...

Published In Whakatane Beacon

23 January 2015
How Can An Insurance Adviser help you?

How Can An Insurance Adviser help you?

Finding the right Personal Risk Insurance can be a time consuming and confusing exercise for those who don’t do it all the time. This week we thought that we would provide some examples where...

Published In Whakatane Beacon

16 January 2015
How Can A Mortgage Broker Help You?

How Can A Mortgage Broker Help You?

No matter what age or stage a person is a Mortgage Broker can offer a huge value at no cost to anyone.  Here are a few examples: FIRST HOME BUYERS:   Mortgage Brokers act as Advocate and...

Published In Whakatane Beacon

9 January 2015
Starting Out the Year Right

Starting Out the Year Right

The New Year is all about resolutions and goal setting.  But why is it that this time next year most of us will be making the same resolutions that we had this year?  If you don’t put...

Published In Whakatane Beacon

2 January 2015
End of Year Review

End of Year Review

So we’ve come to the end of another calendar year.  A year in which the National party were returned to Government with a record victory and the NZ economy stood up very well against all...

Published In Whakatane Beacon

26 December 2014
Just Do It

Just Do It

Nike would have to have the best advertising slogan of all time – Their “Just Do It” refers to the basic human failing of knowing what we should be doing but not doing it....

Published In Whakatane Beacon

19 December 2014
What First Home Buyers Need to Know

What First Home Buyers Need to Know

We are seeing an increase in the number of enquiries from those who no longer wish to rent, and would prefer to spend their hard earned income on their own mortgage to purchase their first home. For...

Published In Whakatane Beacon

12 December 2014
Christmas Rush

Christmas Rush

“All I want for Christmas……………………….” When purchasing a home around this time of the year the most common request from...

Published In Whakatane Beacon

5 December 2014
The Man Behind Trauma Insurance

The Man Behind Trauma Insurance

Last week saw the passing of Dr Marius Barnard, who along with his brother Christiaan, was one of the pioneers of open heart surgery.  As well as this incredible claim to fame, he was also...

Published In Whakatane Beacon

28 November 2014
Windfalls

Windfalls

We all dream of that Lotto Win but while the odds of this happening are slight the reality  is that over the years of having a mortgage most of us will have a windfall in some form.  It may...

Published In Whakatane Beacon

21 November 2014
Making Sure Your Love Ones are Protected

Making Sure Your Love Ones are Protected

We all like to think that we are going to be debt free, hopefully with a healthy asset position, by the time we take our last breath. Certainly for many New Zealanders it is a high priority to...

Published In Whakatane Beacon

14 November 2014
Current Markets

Current Markets

As expected last week the Reserve Bank have opted to keep the OCR at it’s current rate.  What is interesting is the indication that the Reserve Bank has softened their outlook and...

Published In Whakatane Beacon

7 November 2014
Home Loan Horror Tales for Halloween

Home Loan Horror Tales for Halloween

As today is the feast of All Hallows Eve (Or Halloween), I thought that I would focus our article on some horror stories regarding things that can possibly go wrong when purchasing property. Going...

Published In Whakatane Beacon

31 October 2014
Parents Helping Their Kids to Buy Their First Home

Parents Helping Their Kids to Buy Their First Home

Parents can be great mentors in financial management and there are several ways parents can help their kids to buy a home of their own.   KIWISAVER: Parents can get their kids in to...

Published In Whakatane Beacon

24 October 2014
Health Insurance - The Most Cost Effective Option

Health Insurance - The Most Cost Effective Option

Health Insurance- The most cost effective option in the long term 14-10-14   Whenever we think of health Insurance, it is often accompanied by the comment that it is expensive for...

Published In Whakatane Beacon

17 October 2014
The Welcome Home Loan Solution

The Welcome Home Loan Solution

If you are keenly watching the housing and home loan market you may have noticed an increase in advertising in the past month from a number of lenders in relation to non standard lending products....

10 October 2014
How Much Should You Borrow?

How Much Should You Borrow?

HOW MUCH SHOULD YOU BORROW?    When looking to buy a new home inevitably one of the first questions asked by clients is “how much CAN we borrow?”.  This...

Published In Whakatane Beacon

3 October 2014
What Makes A Good Insurance Policy

What Makes A Good Insurance Policy

As with any type of insurance policy not all Health Insurance policies are the same.  Some are better, some cheaper and some offer features that offer little benefit.  But how do you spot a...

Published In Whakatane Beacon

26 September 2014
Insurance for Dangerous Work Place or Pastimes

Insurance for Dangerous Work Place or Pastimes

Insurance underwriters, those faceless beings who make the decisions behind the cost of Insurance premiums, love statistics. A major part of their role involves calculations and reviews of data that...

Published In Whakatane Beacon

19 September 2014
Health Insurance

Health Insurance

20% of GDP is spent on our Public Health System.  This is double the average for other OECD countries and with Medical Inflation increasing at a breathtakingly rapid rate it doesn’t take a...

Published In Whakatane Beacon

12 September 2014
Make Sure the Grass is Greener

Make Sure the Grass is Greener

As we enter the first week of spring, it’s one of those times of year that many people will look at renovating or sprucing up their properties, consider moving or merely reviewing their...

Published In Whakatane Beacon

5 September 2014
Lending More Than 80%

Lending More Than 80%

With the relaxation of the Bank’s lending criteria on lending above 80% it would be pertinent time to compare the lending requirements for above and below 80% lending.  80% lending is not...

Published In Whakatane Beacon

29 August 2014
Insurance Advisers - the Value they add Today

Insurance Advisers - the Value they add Today

We were talking with an insurance agency who has just brought on an online application that can be completed by Insurance Advisers (brokers).  It was brought up that with today’s...

Published In Whakatane Beacon

15 August 2014
The Good, The Bad & The Ugly

The Good, The Bad & The Ugly

One of the biggest impacts we have seen of Generation Y’s want it all and want it now mindset is in the level of short term debt that is accrued in order to provide a comfortable lifestyle. But...

Published In Whakatane Beacon

8 August 2014
Loans for Rental Properties

Loans for Rental Properties

According to International Property Investor Dolf de Roos – New Zealand is a haven for property investors.  We have no Capital Gains tax on properties and have tax advantages on the...

Published In Whakatane Beacon

1 August 2014
When does your Insurance pay out

When does your Insurance pay out

As we have mentioned in countless previous articles, there are a number of different types of personal risk insurance. But do you know what type of cover you currently have in place, what it covers...

Published In Whakatane Beacon

25 July 2014
Building a New Home

Building a New Home

The idea of designing a new home that would suit our lifestyle and build our dream home would have to be a dream shared by many kiwis.  However building a new home differs from purchasing an...

Published In Whakatane Beacon

18 July 2014
How your Current Bank Accounts affect your Application

How your Current Bank Accounts affect your Application

What is the best way to structure your bank accounts when you’re looking for a home loan? It may be a curious question, but experience has shown us that there can be a huge impact on borrowing...

Published In Whakatane Beacon

11 July 2014
Being Prepared

Being Prepared

There has been a surge in buyers coming back in to the market with a larger number of real estate transactions. With more competition amongst Buyers there is becoming more pressure for them to...

Published In Whakatane Beacon

4 July 2014
Loan Affordability - not as simple as you'd think

Loan Affordability - not as simple as you'd think

For most people, providing confirmation of household income when applying for a home loan is as simple as supplying a few recent payslips which confirm regular hours and rate of pay or an annual...

Published In Whakatane Beacon

27 June 2014
Getting Your Affairs in Order

Getting Your Affairs in Order

“Getting your Affairs in order”. . . The expression conjures stern faced Doctors addressing patients with devastating news that the patient is not expected to survive. But getting your...

Published In Whakatane Beacon

20 June 2014