Category: Mortgage Minute

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 »