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20 found - page 4 of 3

  • 8 tips on how to pay off your home loan faster

    Consistently low mortgage rates mean it’s the best time for home owners to pay extra dollars off now, saving thousands in the long run. Running some numbers in an online calculator will give you an idea of just how much you stand to save by committing to paying down your loan faster. For example, on a $300,000 30 year loan at 7% the minimum monthly repayment will be $1995. If you pay an extra $100 a month from the start, it will knock around 4 years off the loan and save you a huge...

    Mon 19th Oct 2015

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  • Interest-only mortgages - a growing phenomenon

    As the high demand and low stock levels drive prices around the country, property purchasers are increasingly considering the option of interest-only mortgages. For those new to the mortgage market, it’s important to understand the difference between a regular mortgage and an interest-only one – and the potential pitfalls. The benefits of an interest-only mortgage include:  It’s cheaper – you’re only paying the interest amount on the loan, hence your...

    Wed 7th Oct 2015

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  • Open homes – 6 reasons to have them

    They’re a time-honoured tradition in real estate, but they can be a thorn in the side of vendors; think what you will, there’s no denying that even in this digital age, open homes remain an effective marketing tool. Yes, we totally understand the seller’s perspective – it can indeed be a nuisance to go to all the effort of making your home sparkling and taking the children out for an hour when there’s a chance no-one will even come though, or that the person who...

    Wed 19th Aug 2015

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  • Top five tips for investing in property

    Investing in property can seem a daunting prospect, but it’s one that, when the strategy and the timing are right, can be both extremely profitable and relatively low maintenance. It’s an area where putting the time in at the start can really pay off later. Seasoned investors will tell you it’s pretty much impossible to do too much research into your target area. Just like when purchasing your own home, you need to get under the skin of an area, learn what tenants are...

    Wed 19th Aug 2015

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  • Home insurance changes

    Are you aware of the major changes which have taken place in the last couple of years in home insurance? It’s been the end of an era for the traditional ‘replacement cover’ so popular in New Zealand. Coming in the wake of the spiralling costs of the Christchurch rebuild, insurance companies vowed to always be sure of their maximum exposure, something they could never be certain of without a declared value on an insurance package. Policyholders now do the estimating and...

    Wed 19th Aug 2015

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  • RV’s – a reliable value indicator or not?

    As agents we constantly get asked what the RV (or GV) is on a property. The RV is the Rating Valuation – a figure which the local council uses to set the rates payable each year on a property. The RV is generated by the council based on the Land Value and Improvements (buildings) Value of the property. The land value is relatively easy to calculate based on recent sales similar to the subject property, however improvements are trickier. The assessors aren’t generally aware of the...

    Tue 18th Aug 2015

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