People are pretty casual about these
"I'll get me mate to do it"
But this episode covers why you should get one and get it done by some who is experience, registered and insured.
I am joined by Jeremy from Red LBP Inspections (www.redLBP.co.nz)
I helped Tayla and her family buy her first home.
Listen to this episode to hear more about what she thought about the process of buying her first home.-------------------See more on TikTok https://www.tiktok.com/@themortgageman_nzApply for pre-approval https://ztbhgiluu6t.typeform.com/to/TnwhIdPWFree Guide and Podcast https://linktr.ee/themortgage_man
Do you need life insurance when you buy a house? What about medical?Mortgage protection?Anything else?It's complicated, and even if you decide you want one or all of these insurance products, how do you know how much cover you should get for each?I sit down with Luke, an insurance advisor that specialises in this stuff so you can learn about what you need vs what you don't.-------------------See more on TikTok https://www.tiktok.com/@themortgageman_nzApply for pre-approval https://ztbhgiluu6t.typeform.com/to/TnwhIdPWFree Guide and Podcast https://linktr.ee/themortgage_man
One of the key professionals you need to leverage in your first home property purchase is a lawyer.
So when do you do this? How much do they cost and what do they actually do?
Adam from NZ Legal joins me to go over all of this.
To work with me or join The Free First Home Buyer Academy, click here
If you are on the fence about buying a home, then you need to listen to this.
It's been 6 months since I worked with Jason and I checked in with him to see how having a new home, and having a mortgage was going.
No offence to all my other clients but this story is just so good.
In this episode I am joined by Sheryl who I recentaly helped into her first home with her husband.
What a story and hopefully you gain some value from it.
Should you buy or build your first home?
Before you answer that, it would be important to under the process and costs of building a property. That includes how to finance it from the bank.
Because things are a little different.
There is more than one option, but usually, it's a turnkey option or a progressive option. If you don't know what those terms mean then you neeeeeed to listen to this podcast.
And if you know what those terms mean you should listen to this episode anyway as Steve from Classic Builders, and I cover alot more.
Let us know what you think, and if you want to work with Steve his email is stephen.hape@classicbuilders.co.nz
Want to sell your property soon?
Is now a good time to sell? How do you get the best price?
Is it best to list via auction or negotiation?
Completely renovate your house or leave it as is?
All these questions are useful, and I didn't know the answers so I decided to ask someone who does know the answers, and the person is Rachael from Harcourts.
Have a listen, and let me know what you think.
Open homes are scary - and auctions even more so.
What can you do at open homes to give you a bit of an advantage over everyone else? What can you ask, & what are you supposed to look for when going through a stranger's home that you like?
In this episode, I pose these questions and many more to Rachael from Harcourts as we discuss the open home process as well as the buying-at-auction process if you really like a home. How do you win the auction and what can you do to increase your chances?
Enjoy
Do you need a property accountant? Probably - With guest speaker Anthony Appleton-Tattersall, my accountant.
Property tax is becoming alot more complex with all the changes, so whether you think having a property accountant is worthwhile depends on a few things.
And in this episode, I speak with my accountant on a few of those topics, including
- Capital Gains Tax
- Brightline
- Trusts (do these really save you tax?)
- Interest Deductibility changes
And much more..
If you want to reach out to ask Anthony a question his email is anthony@aataccounting.co.nz
Surprise! Inflation is not as bad as we thought!
Finally some good news - but does this mean interest rates are coming down?
Not quite- but at least things are slowly turning around which hopefully means they won't go up any further. But we will see what the next OCR announcement holds as the OCR is more closely linked to mortgage rates than inflation.
We discuss when we think this will happen and what the current interest rates are in today's podcast.
And then once you have decided it is time for a chat to talk about your own mortgage chances then you can pencil that in here
With all that is going on overseas, bank collapses, bailouts, and general uncertainty we are getting a lot of questions about this topic.
What happens to my savings if the bank collapses?
What about my mortgage?
Is my KiwiSaver safe?
For each question there is a very different answer.
And realistically what is the chance of a bank in NZ collapsing?
Listen in and let us know what you think.
Sometimes there will be property features that you will love.
Other times not so much, and even more so there will be times when alarm bells go off.
So should you walk away or can you turn these red flags into opportunities?
- Mono plaster cladding properties.
- Unconsented works
- Leasehold titles
Have a listen and let us know what you think!
A complicated topic, but worthwhile, especially now as the 1-year interest rates and the floating rates are quite similar.
Done correctly, a revolving credit or offset savings account can save you $100,000's on interest repayments.
In this episode, Ant and I go through who these accounts are best suited to, and how to maximize these products.
We also talk about the differences between them at different banks.
It's worth the listen just to see if this will help you. Then talk to us to see which way is best for you.
Book a call with Ant Here
Last week the inflation report came out and while it wasn't exactly what we wanted, it's still going to impact the housing market.
Ant and I have been going over the numbers and want to share our thoughts with you. We're breaking down how the inflation report will affect house prices and interest rates in the near future.
This week has been a little crazy in the mortgage world, with some banks raising rates and others lowering them. But, the good news is that long-term rates are now lower than short-term rates. This means that banks believe that interest rates will be lower in a couple of years. Yay!
And that's great for you, especially if you're thinking about refinancing or buying a house with a 20% deposit. You have some serious negotiating power now and can either get more cash back or lower interest rates. Let us, your mortgage bros, help you make the most of this opportunity.
We hope this email gave you a better idea of what's going on in the market. If you have any questions or just want to chat, hit us up!
Well, that was unexpected.
Jacinda resigns.
What does this mean for the future of the property market, first-home buyers, and the rental market in New Zealand?
I think the biggest effect this is going to have is now it drastically decreases the chances Labour has winning the next election, thus meaning National is likely to get in.
And for that, there are some clear policy differences- listen to this podcast as Chris & I dissect them.
Welcome to 2023...
First let's talk about the elephant in the room: interest rates and house prices. Yes, they are currently on the rise and the market may seem a bit daunting. But don't let that discourage you. Rather let it be a warning. Some people would say buying now is risky.
And it is.
If you don't know what you are doing.
But take some comfort in this- seasoned property buyers are buying now because things are cheaper than before, 20% cheaper in some areas. And although you might think house prices are going to get cheaper, it's pretty hard to pick the bottom of the market.
It's nice for your ego to know you didn't overpay by $10-$20k, but that's a very small amount in the scheme of things if you are holding on to the property long term. You could just negotiate that as a discount today using the state of the market as evidence.
Yes interest rates are high, but once they do what they are suppose to (reduce inflation) then they will come down, the 15 year average is around 5%.
It's safe to assume that this could be the most expensive your mortgage will ever be, so it might be a struggle at the start but it will get easier as you go.
If you have decided you want to explore the option of buying this year then you'll need to understand HOW to buy a house in 2023. You'll need a deposit and enough income to service the loan, watch this quick video to understand more.
Then, if you are ready, fill in this form and we can call you to discuss options.
Here's to a great 2023, for all of us!
As you start to unpack what a crazy year we've had in 2022 you might be thinking what on earth is going to happen in 2023?
You'd be right to wonder if 2023 is going to be even more unpredictable than this year we've just had.
We've had these same thoughts in the office so decided to do a podcast on it.
Firstly we recap what happened in 2022 then dive into what our predictions for 2023 will be.
How much higher will rates go up before they start to come down?
When will they start to come down?
Will house prices actually fall 40% like some people are saying?
When will house prices start going back up?
Is now the right time to buy? And if not, when is it?
Hopefully, it's some easy listening for your New Year break!
If you have booked a call with us using this form please be patient - someone will call you from the 9th of January 2023 onwards.
Happy New Year!
It's never nice to talk about, but sometimes serious illness, accidents or death happens.
In those situations, most people do not want to have to sell their homes to pay the bills or mortgage if one person can no longer work.
That's where mortgage protection insurance can help. But do you actually need it?
Today, Anthony & I discuss this and other potential insurance products to protect your assets.
We also talk about other ways to protect your wealth if you and your partner were to separate; again this is something that most people don't like to discuss but you would rather have things in place just in case.
Have a listen and if you have questions hello@tanta.co.nz
Fear of losing your deposit if the developer goes under?
Fear of buying a house that's going to leak or fall over?
Fear of overpaying in this market?
Fear of rates increasing so much you can't afford them?
Fear of the home value decreasing the day after you buy?
A lot of fearful thoughts..
But no worry..
We are here to save you- hopefully.
Chris and I cover why these thoughts, although quite normal, should not stop you from buying your first or any other home.
Why?
Because you have so many safety nets in place before you buy.
After all the bank is taking more risk than you by giving you a mortgage as they will own up to 80-90% of the property at the start, and they want to make sure the property is not overvalued or going to fall over the next day.
Have a listen to get more reassurance
..and remember buying when interest rates are higher is a good way to get a discount on a property; and that will make a bigger difference to the total interest cost over the lifetime of your mortgage.