Category: Mortgage Advice

Mortgage Minute – Making Mortgage Interest Tax Deductible

TRANSCRIPTION Is Mortgage Interest Tax Deductible? AGenerally speaking, only if they’re investment properties and only if it’s set up properly. Probably, in most cases, you’ll be using a property accountant to really make sure that you’re taking advantage of it. So, you won’t get the tax advantages on your family home, but you will get… Read more »

Mortgage Minute – Guarantors

TRANSCRIPTION Mortgage Guarantors – who, what, when & how. If you’re looking to get a mortgage and your mom and dad are going to help you, you’re probably going to get poached for what’s called a guarantor situation where mom and dad or friends and family come in and set their names effectively on the… Read more »

Mortgage Minute – Why Interest Only Loans

TRANSCRIPTION Why use an interest only mortgage Looking at interest only loans and why people do it, well, one of the main reasons is property investors are not always focused on paying down debt on all of their properties. They want to focus on just one property at a time. Usually, the property that’s going… Read more »

Mortgage Minute – non bank lenders

TRANSCRIPTION Mortgages with non-bank lenders If you’re looking for a mortgage without income proof, or your financials don’t show that you’ve had strong income for a long period of time, maybe you’ve started a new business or you’ve switched businesses, what you’re probably going to need to use is a…it’s called a non-bank, or a… Read more »

Mortgage Minute – Cross Securitisation

 TRANSCRIPTION Mortgage Cross Securitisation If you heard the term cross-security, or cross-collateral, or cross-securitization, what it generally implies is that you’ve got multiple access to three, or four, or five, six properties. And what the bank has done is combine them into a package and they’re treating your loan as one loan against a… Read more »

Mortgage Minute – Capital Gains

TRANSCRIPTION Capital gains. When you’re talking about property prices, a lot of people are referring to what the property prices have done in the past, and what are they going to do in the future. And capital gains refers to the increase in the value of the property over time and their predicted increase in… Read more »

Mortgage Minute – LTC

TRANSCRIPTION LTC’s in 60 seconds Property investors often use an LTC, which is officially know as a Look Through Company. Why? well, there are a couple of different reasons. Firstly, you want to be looking at your TAX advantages, especially if you’re using negative gearing or you’ve got multiple properties in the mix, you want… Read more »

Mortgage Minute – Buying your First Home

TRANSCRIPTION Buying your first home If you’re looking to get a mortgage and you don’t have savings, you’re looking to buy your first property, what you’re probably going to have to do is use a combination of your KiwiSaver and whether you can get a gift from friends or family, there’s a lot of people… Read more »

Mortgage Minute – Broker Fees

TRANSCRIPTION Can mortgage brokers charge a fee? Well, the short answer is yes, they can. They can charge you whatever you’re willing to pay but in most instances, a mortgage advisor, especially like at iRefi, will be free and where you will get charged is in your admin fees by the bank, which is pretty… Read more »

iRefi Insider School – The Mindset Shift you need

TRANSCRIPTION Okay. So today we’re going to talk about what I think is the most important thing for successful property investing. So I probably have spoken to well over 1500 property investors in the last 3 years in detail, and the thing that I constantly pick up from the people that are doing quite well… Read more »

iRefi Insider School – The Biggest Risk Facing Investors Today

TRANSCRIPTION The least sexy thing about property investing is probably one of the most important. Couple of friends and I were having a chat after one of my good friends got married on the weekend. And they both own property and they’ll ask me, “Hey, what’s sort of biggest risk you see at the moment… Read more »

iRefi Insider School – Utilising an Offset Mortgage

TRANSCRIPTION Let’s have a quick look at offset mortgages. So, with a normal mortgage, what you’re doing is paying interest on the whole loan amount. So, let’s say that you’ve got 500K of mortgage and what you’ve got is 200K of savings. So, this is your loan amount, this is how much you’ve got in… Read more »

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 »

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 »

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 »

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 »