Growing financial freedom
Our goal is to help kiwis grow and reach financial freedom. We know that using debt correctly can be a good way to get ahead. How you achieve that often involves equal parts good decisions, good discipline and good management.
Our team provide expert advice for your interest rates, loan structures and financial options which could help you achieve financial freedom faster.
Fix, float or refinance?
While having a ﬁxed interest rate and ﬁxed monthly repayment is great for your peace of mind, there are some disadvantages. Fixed rate home loans often have less ﬂexibility than a floating loan arrangement. You may be restricted from making extra repayments and, if interest rates fall, you will miss any incremental savings.
For those still sitting on the fence, it’s well worth considering a combination and splitting your home loan. This type of arrangement allows a portion of your loan to be paid at a ﬁxed rate and the remainder paid at a floating rate.
This will give you some reassurance in knowing roughly how much you will need to pay each month, as well as enabling you to take advantage of ﬁnancial savings if interest rates fall. If interest rates rise, you’re also protected as only part of your loan is affected.
When reviewing your interest rates, it may mean refinancing to a different bank to get the best possible rate and outcome for your situation. As with all such decisions, it makes sense to speak with an expert. So if you’d like to review your rates or structure, get in touch today.
Right structure, right rates
The structure you put in place when you first got your loan may have made sense then, but does it still work now? Things change- promotions, kids on the way, kids out the door, school fees, retirement- with changing circumstances comes changing financial needs. We can check-in with the banks and explore your options for you.
We’ll review your options, ensuring you get the best rates and structure for your needs now and for the foreseeable future. If this requires changing banks, it’s now not as hard as it used to be. In fact, with the incentives on offer from banks these days, it can certainly make the process painless!
Using equity in your own home can be a great way to access funds for some of life’s bigger purchases. Topping-up for that second car, pay for the third wedding, consolidate your other debts, pay for the school fees or new kitchen can be a cost-effective way to pay for these things so long as it’s structured properly.
Let us work out your options and best repayment terms for you!