iRefi Insider School – Interest Only Lending

TRANSCRIPTION Interest-only mortgages for investment properties So let’s talk about interest-only lending. Now, generally speaking, interest-only lending is for investment properties. In New Zealand, most banks are not that keen on lending for your family home on interest only. So what interest-only is, is, let’s say, you have a million dollar mortgage, your interest rate… Read more »

How Professional Investors do Due Diligence on Property Deals

TRANSCRIPTION Due Diligence Clauses for Real Estate You might have heard people talk about due diligence when they’re trying to sound smart about like assisting a deal. “Hey, I need to do my due diligence.” But let’s dive into what does that actually mean in a property context. So, if you want to get a… Read more »

Mortgage Tips for Self Employed

TRANSCRIPTION How to get a mortgage with a main bank if you are self-employed Some people think, “Hey, I’m self-employed. It’s really hard for me to get a mortgage.” Well, it’s actually not. There’s a lot of small businesses in New Zealand. You know, New Zealand is made up of small business owners and it… Read more »

LVR mortgage rules for property investors

TRANSCRIPTION LVR Rules and LVR Restrictions One of the most common questions we get is trying to understand what the LVR and what LVR restrictions are and your usable equity. So, what is LVR? Well, it’s a Loan-to-Valuation Ratio. So, it sounds confusing, but basically, it’s the amount of loan you have on the value… Read more »

How to become a ‘Property Investor’

Wealth and Freedom are ultimately the most important goals most Kiwis aspire to achieve. Whether you’re looking to retire early, have more income and time to spend travelling, or leave a legacy for your kids, property investment is great way to make your dreams a reality. Aside from being a tangible investment, property is a… Read more »

Book Review: 20 Rental Properties in One Year, by Graeme Fowler

Having bought and sold hundreds of properties, it is clear that Graeme knows what he is talking about with property investing. In this book (he has written a few) Graeme treats us to the simplicity and effectiveness of his investing style when he is looking to buy and hold instead of trading or flipping. Not including… Read more »

How investors build wealth over time

Compound Interest. Einstein calls this the eighth wonder of the world, He said “He who understands it, earns it. He who doesn’t… pays it.” The truth is, most people will grow old and never get a good grasp of it. They will get through life wishing they could go on all the trips their friends… Read more »

Look Through Company

Setting up tax efficient structures for your property investments What is a ‘Look Through Company’ (usually referred to as an LTC)? It is a limited liability company with the advantage that it allows you to be more tax efficient. We suggest looking at the information on the IRD website and talking to a tax professional… Read more »

Interest Rate Averaging

How to structure your home loan using interest rate averaging. If you wanted the cheapest possible interest rate today, it’s likely you would fix your whole mortgage for one year. Check out rates on our pricing page. However, this isn’t necessarily a good idea for a few different reasons. If rates next year were significantly… Read more »

Refinance Summary

Would you like an analysis of your options to see if refinancing onto lower interest rates or separating securities is worth the effort financially?   iRefi can look at your spreadsheets or online profile (complete the 10min form) and assess if you would benefit from switching any of your loans to interest only or principal… Read more »

Fortnightly Repayment Plan

Paying your mortgage off every 2 weeks as your pay comes in, instead of monthly, might be a smart way you can pay your mortgage off a bit faster. This is not rocket science. Instead of making 12 monthly repayments, you make 26 fortnightly repayments each year (2 a month with a few days spare… Read more »

Reducing Mortgage Repayments

If you are struggling to keep up with your mortgage payments or just need to minimize your monthly expenses for a while, then you might need to apply for a mortgage repayments reduction.   There are a few ways to pay less on your mortgage. You can switch from fortnightly payments back to monthly which… Read more »

Mortgage Topups

Using your home equity, you can top up your mortgage to pay for things like credit card debts, GEM Visa debts, Q Cards, holidays, cars, boats, jewelry, and the list goes on. If you have debts or planned future expenses and you’d like to put this on your home and make it so that payments… Read more »

23 Tips For Property Investors Who Want To Maximise Borrowing and Savings

23 Tips For Property Investors | iRefi If you’re a property investor looking to maximise your property and mortgage savings this is information for you. Many property investors do not take advantage of cash back incentives from banks, they often miss out on the lowest interest rates available, and have NOT been told about their… Read more »

10 steps to help you navigate the home buying process

When buying your first home, you’re often bombarded with opinions from friends and family who’ve done it before. They’ve added small amounts to your knowledge base, but we find our clients are often left with a wide range of questions and not nearly enough context to confidently approach the home-buying process. We’ve put together an… Read more »

How does the size of your deposit affect how much you can borrow?

Once you have a clear indication as to how much you’re able to pull together as a deposit, it’s time to start figuring out how much you’ll be able to borrow from the bank. Loan to Value ratios (LVRs) limit what the banks are able to lend toward the purchase of a home, and work… Read more »

Should I buy a house or keep renting?

Many New Zealanders think buying a home is part of living the Kiwi dream. It’s a measure of financial success, along with owning the Bach, Boat, Beamer and the BBQ. However, it’s very important to reflect on whether owning your own home is the right move, or if you’re actually better off renting. The dream… Read more »

An introduction to the three pillars of Money Making in Property

Here are the 3 basics you should look out for when you’re buying an investment property.   Instant capital gains. What does this mean? It’s basically finding a house that is under the market value and you know maybe the person is selling for urgent matters and they are taking whatever price they can get… Read more »

Understanding which factors have the strongest influence on the housing market

Why do property always grow? The short answer is inflation and if you dived deeper, there are a few key indicators that drive property growth. Low interest rates The average interest rate in New Zealand historically has been around the 7% mark. When interest rate are low, it stimulate the demand for debt and consumption.… Read more »

Three rules to follow when purchasing an investment property

Buy when yields are favourable: As a contrarian investor, it’s important to follow the numbers, rather than the whims of the market. You should be taking the opportunities the market presents you, rather than following the crowd. At some point during the boom phase of an economic cycle, market irrationality will take hold, and investors… Read more »