NZ Business Owners

Ok you've decided you want a house, now what?

It sounds silly but sometimes just asking the right questions can make the world of difference to your mortgage. Here’s a few to get you started: “What fees do you charge? For all loans, ask about application fees and other charges such as a low equity fee. For fixed-interest loans, ask what fees apply if you increase repayments, make lump sum repayments, or repay the whole loan early. What will b...

Dr Emma Woodward founder of The Child Psychology Service : "As well as being a child psychologist, I’m a mum to four boys. This means that I’m really in touch with the realities of having kids, the problems they face and how the school system in New Zealand works (and no, my kids aren’t always perfectly behaved!). I’ve been working with children, their families and schools for over 20 years. In fa...

With house prices skyrocketing beyond the income of the average New Zealand household the idea of building up the resources to purchase a new home can feel pretty daunting. For those of you with a five-to-ten-year timeframe one of the best vehicles for getting around this is a combination of both managed funds and KiwiSaver.  An important consideration with this approach is ensuring you have...

Property (Relationships) Act 1976, s 1N "The law relating to the division of relationship property is guided by these general principles: · men and women have equal status, and their equality should be maintained and enhanced · all forms of contribution to the relationship are treated as equal. This means non-financial contributions, such as caring for children, are valued equally with financial c...

Lawrence Lotze , host of ' The Wolf of Queen Street ' Podcast has always had a passion for helping to connect people through similar life experiences and challenges and found that creating a podcast was the best way to do this. Over the last two years, he has focused on building and promoting a brand that enables him to do what he loves. Through the support and guidance of his new found netwo...

Funeral costs You’ll need to think about the kind of send-off you want for your partner, but also about what you can afford. Talk to a funeral director about the options available. Even a basic funeral can be expensive but check if the costs are covered by your partner’s life insurance policy or other savings. If the death of your partner was the result of an injury, ACC can help towards the costs...

"The idea with a family trust is to protect the ownership of our assets. Here’s how trusts work: we transfer the legal ownership of our assets to the trustees while continuing to use and enjoy them as long as the trust deed permits. For example, if our family home is in a trust, we no longer personally own the house – but we can still live in it if that’s what the trust deed states and t...

John Maybury host of the 'Find My Voice' podcast, invites me on to discuss the power of brand, marketing and how to produce 70 pieces of content a week.

"How to make a will Don't have a will yet, or need to update a previous will? You can get one drafted by someone with experience, such as a lawyer or trustee company. A will must also be signed and witnessed. If the proper procedures are not followed, a will may not be valid. Wills don’t have to be pricey. Some lawyers will even write one for free, so there’s no harm asking around. Online platform...

"An enduring power of attorney (EPA) is a legal document giving someone the power to act for us if we lose the ability to make decisions for ourselves. The two types of enduring powers of attorney There are two types of EPAs: one for money and property, the other for personal care and welfare. It is recommended to have both. These rights can be given to the same person or to different people, but...

Pam has been involved in the financial services industry since 1974, having spent 22 years in banking leaving a Branch Management position to pursue a career as Financial Adviser in 1996. Her main focus is in the area of Group Health Plans and Risk Protection – Life, Trauma, Disability and Income type covers for both personal and business clients. Touch base with her on +64 27 458 7668 Book a Free...

"Revolving credit loans work like a giant overdraft. Your pay goes straight into the account and bills are paid out of the account when they’re due. By keeping the loan as low as possible at any time, you pay less interest because lenders calculate interest daily. You can make lump-sum repayments and redraw money up to your limit. Some revolving credit mortgages gradually reduce the credit limit t...

Reducing or straight line mortgages repay the same amount of principal with each repayment, but a reducing amount of interest each time. These are quite rare in New Zealand. Payments start high, but reduce (in a straight line) over time. Fees are similar to table loans. Advantages : We pay less interest overall than with a table loan because early payments include a higher repayment of principal....

Darcy Ungaro , host of the NZ Everyday Investor and Director of Ungaro & Co : "Unorthodox, slightly contrarian, a bit eccentric- be prepared to hear what you need to hear if you’ve chosen to catch up with me. Why listen to the status quo when the world’s changing all around us? Disruption, generosity, and innovation. 3 things financial advisers should have front and centre. Disruption’s great...

"An offset mortgage setup can reduce the amount of interest you pay on your mortgage. Typically, interest is payable on the full amount of a loan. But by linking your loan to any savings or everyday accounts you already have, you pay interest on that much less. For example, someone with a $400,000 mortgage and $20,000 in savings would only pay interest on $380,000. Subtract the savings from the to...

"Table loan This is the most common type of home loan. You can choose a term up to 30 years with most lenders. Most of the early repayments pay off the interest, while most of the later payments pay off the principal (the initial amount you borrowed). You can take a table loan with a fixed rate of interest or a floating rate. Application fees for table loans range from nothing to over $1,000. Most...

Jack Windler From Mortgage Supply Co :  "A commitment to a mortgage is a long term proposition that can deliver so much to people as they look to create a home for themselves and their family. There is nothing more rewarding for me than going on that property journey with them." Book a Free appointment with Ryan   If you're wanting your question answered on the podcast email me at ryan@o...

How can you show interest without seeming too interested? If only investing in property was as easy as the questions posed in Women’s Weekly. In this segment, I’m not trying to teach you the art of flirting, but, instead, unravelling the mechanisms behind the infamous interest only loan. The concept's pretty simple, you borrow money but only pay the interest. Where the complexity comes in, is when...

As the great Shakespeare would say: to fix or not to fix that is the question. The challenge for any new homeowners or investors is deciding whether they should get a fixed or floating mortgage. What is the difference you ask? A fixed rate home loan is where the interest rate is set in stone for a period of time, usually six months to five years. The advantage of this approach is threefold: 1. Kno...

The hidden costs of going cheap. •    Book a Free appointment with Ryan   If you're wanting your question answered on the podcast email me at ryan@oneplan.co.nz , send a voice message below or capitalise on our free online tools and advice:   Get A Free Book and Subscription To Ryan's Weekly Newsletter                      ...

 With skyrocketing house prices is it even possible to get the deposit for your first home? Here are a few vehicles you might want to consider: 1. First Home Grant 2. First Home Loan 3. KiwiBuild Book a Free appointment with Ryan   If you're wanting your question answered on the podcast email me at ryan@oneplan.co.nz , send a voice message below or capitalise on our free online tools and...

"Your answer — late last year — to the couple who were considering the impact of both having KiwiSavers with ANZ is a little misleading. I would agree that they don’t need to consider “diversifying” across banks. However, the fact that the Reserve Bank has recently taken “further steps to strengthen (banks’) finances”, as you said, isn’t relevant here. All KiwiSaver assets are held in separate cus...

Andrew Malcolm the Managing Director of Mortgage HQ: "When Blandon and I started in business together, we shared the same frustrations but found we were each approaching things differently. I was helping advisers with their marketing and strategy but finding that clients were not properly looked after along the way. Blandon was helping clients with insurance but found his true passion in property...

Why did the government really start KiwiSaver? Book a Free appointment with Ryan If you're wanting your question answered on the podcast email me at ryan@oneplan.co.nz , send a voice message below or capitalise on our free online tools and advice:   Get A Free Book and Subscription To Ryan's Weekly Newsletter                        ...