‘Debt Reduction’ Archives
Debt Management Program »
Owning your own home is the great New Zealand dream, but the amount of interest you pay to achieve that dream can be a nightmare! Traditional Bank mortgages are structured in such a way that in the first 15 years of a 25-year mortgage very little capital is paid off the principal of the loan. For example, if you pay an average of 8.0% in [...]
Lifestyle Builder »
Owning your own home is the great New Zealand dream, but the amount of interest you pay to achieve that dream can be a nightmare! Traditional Bank mortgages are structured in such a way that in the first 15 years of a 25-year mortgage very little capital is paid off the principal of the loan. For example, if you pay an average of 8.0% in [...]
Home Loan Tips »
Home loan tips 1. Add up those home loan fees 2. Additional repayments 3. Ask about 'professional package' discounts 4. Be careful of 'honeymoon' intro rates 5. Beware fixed rates 6. Can't get a standard loan? There are alternatives 7. Caution the key in current housing market 8. Check if there are ongoing fees 9. Check your statements [...]
