You'll see this ridiculous picture in captions everywhere where someone's complaining about cutting out a daily work coffee to save money. The meme suggests that saving $20 a week gives you $80 a month or $960 a year. They've even got the maths wrong by assuming exactly four weeks in a month. After 10 years, you've supposedly saved $9,600, which isn't enough to buy a house, so you might as well enjoy your coffee.
Read MoreI see ads like this all the time from other advisers and it tends to annoy me.
It’s a clear play on the meme that went around ages ago about cutting back on coffee of avocado toast to save for a house.
It’s designed to get you annoyed, give you some FOMO and make you think you need to do more, and they can sell you on buying rental property, with the aim that this helps you pay off your loan faster.
Read MoreFor many years – a mortgage “broker” has been the person you use as a go between you the client – and the bank.
Essentially a mortgage adviser does exactly the same thing – so for you the clients – the term is interchangeable.
Read MoreThey say life begins at 40 and the best is yet to come. But what they really mean is that life is full of surprises, and starting over might be one of them. Many of us have faced tough times recently, and it's perfectly normal to feel like you're starting anew. Remember, you're not alone!
Read MoreImagine going house hunting, finding the house you love – only to miss out on purchasing it – cos someone else gets their finance approved faster.
A pre-approval can fix that.
Read MoreEveryone seems to be obsessed with Mortgage rates, they are the main topic I see around. My social media ads are bombarded with Mortgage advisers telling me now is a good time to refinance for better rates or free money and I’ve been hearing about the “trend down”, or the “expectations” of rate drops etc.
Read MoreYou may be aware that the New Zealand Reserve bank has changed the rules for lending on investment properties.
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