A house is often the biggest purchase of our lives, and a mortgage is typically our biggest financial commitment. Choosing the right home loan and repaying it quickly can save thousands of dollars – and free us up to achieve other goals faster! Here are tips for getting a mortgage and shopping around.
Buying a first house takes careful planning and, for most of us, serious budgeting! These tips for first home buyers will help with planning for the total cost of buying a house in NZ, including the mortgage, insurance, legal fees and other costs.
Since a home will probably be the biggest asset we own, we’ll need to protect it in case something unexpected happens. And in NZ, with most house insurance, it’s up to us to set our ‘sum insured’ – the capped amount the insurer would pay if our home were destroyed.
Insurance costs can quickly spiral up over time - which makes it hard to plan ahead, especially with 'stepped' payment life insurance policies. Here's how to keep your life insurance premiums under control...