DUX Talk

IAG (Not AIG, a very different company), the parent company of State, AMI and NZI has announced they are not offering new contents cover in Wellington anymore.

Budgeting sucks, you are basically agreeing to not have as much fun so you can be ‘responsible’. In the long run you know its better for you, but when has that helped.

Kiwis don’t seem to be fans of insurance, well life insurance anyway. Even though the concept is the same, kiwis tend to be open to house, car and contents cover than life cover. I think it has something to do with being able to touch the car and visualise it being damaged than being able to visualise the impact of cancer.

When buying a house it’s not just the deposit you need, but you also need to have money for the lawyer, and any reports you want such as the building report, valuation etc.

It’s a few days before Christmas and there is a good chance that you have overspent on presents, food and drink or travel etc, and it’s all building up to a headache in January.

The government has changed the rules on overseas buyers of property, with a view that the overseas purchasers are stopping NZers buying houses.

Generally its best to avoid debt, regardless of who you are borrowing from. But if we are talking about borrowing for your house deposit, getting help from family could make it easier to get a mortgage or could make it possible, where it was not before.

A phrase being thrown around these days is “The Bank of Mum and Dad”. This refers to home buyers having Mum and Dad help out in some way.

It can be very helpful, but also has potential issues.

Here are some more tips for first home buyers to help make it easier to get a mortgage.

When it’s time to get your deposit together, 10% of the price is the minimum you need (though it could be higher depending on the property), and there are a few ways you can get this together.

Buying your first home involves taking a lot of steps before you even make an offer on a house.

We’ve put together some tips on reducing the conditions before making an offer to make the process a little more simple.