Guide to buying an apartment

When buying an apartment, it’s likely to be one of the largest purchases you will ever make. You’ll will need to talk to your Mortgage Adviser, Lawyer, Valuer, Property Inspector and deal with the Real Estate Agent.

 

5 Tips for Property Investing

If you’re looking to invest in property it’s very important to have an investment strategy. Long term property investing can form part of retirement planning and generally....

Mortgage repayment options

A mortgage is essentially an obligation to repay a debt, with the property purchased being the collateral or security on which the loan is obtained. Mortgages are either interest-only, principal and interest, with either fixed or variable interest rate options

Finding the right house

When buying a house, it’s likely to be one of the largest purchases you will ever make. You’ll will need to talk to your Mortgage Adviser, Lawyer, Valuer, Property Inspector and deal with the Real Estate Agent.

How much can you afford for a new home

Generally, you’ll need a minimum deposit of 5% of the purchase price. If you have 20% or more as a deposit, that’s even better, as the mortgage lender won’t normally require mortgage insurance to guarantee your loan.
The larger your deposit, the less you’ll actually have to borrow and subsequently repay.
If investing however rather than buying your own home your borrowing arrangements may be completely the opposite; 40% deposit, interest only mortgage. Plan appropriately in conjunction with your adviser

Who guesses best – an intellectual or a chimpanzee

“When asked simple questions about global trends – what percentage of the world’s population lives in poverty; why the world’s population is increasing; how many girls finish school – we systematically get the answers wrong. So wrong that a chimpanzee choosing answers at random will consistently outguess teachers, journalists, investment bankers, and Nobel Laureates.

How do I submit an offer on a house?

When buying a home it is important to remain rational and to do your homework. A house is worth the maximum that someone is prepared to pay for it. The more information you have, the better position you will be in to make the right decision.

A monthly voice from the past, considering the future

Richard Meadows wrote an excellent article on the late Jack Bogle in The Sunday Star Times on the 27th of January. Investors and advisers new to investment should read that article. Jack Bogle was the founder of the Vanguard Group – the second biggest investment firm in the world....

68% of New Zealanders report money worries

A few months ago, The Commission for Financial Capability issued its 2017/2018 Annual report. View here

The Commission, in my opinion one of the great things previous Governments have established & supported, has amongst its key goals, raising the awareness of the value of financial capability across NZ.....

Very disappointing review of the Insurance Industry by FMA & RBNZ

I along with many others in our industry have long waited on and welcomed this review, and had high hopes for it, while for years we have jointly strived to lift standards and improve client outcomes ..........but what a disappointing and seemingly poorly researched piece of work it has turned out to be......

FoxPlan appoints Hon Heather Roy as new Chair

Wellington based Financial Planning Services company FoxPlan has appointed Hon Heather Roy as the first independent Chair of the FoxPlan Board.

Start the year off with a...

Have you started planning for the new year? 

At this time of the year, we at FoxPlan find that a lot of people are making resolutions that only survive a short time. So we like to focus on making resolutions sticky through planning and the setting of realistic goals.....

Hedge your bets

Should I buy shares? Should I buy property? Which is the best company to buy in to? 

Do you need a KiwiSaver review?

When was the last time you checked in to make sure your KiwiSaver was heading in the right direction? 

Pay off your mortgage FASTER

Are you haunted by the thought of a 30 year mortgage? 

We've brought in Mark Stone from New Zealand Home Loans to discuss...

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