We all make financial mistakes and they add up Academic research tells us that emotions and experiences can distort our financial decisions. While our mistakes are rarely the result of a single mental error, our feelings can make us fumble. Below, seven big financial mistakes and the psychology behind them. 1. Saving with the right [...]

The following information was supplied by Valuit, Specialists in property valuation Depreciation – now every reason to claim and no reason not to! Over recent years a couple of things have held many investors back from claiming their full depreciation entitlement, and accountants from recommending it. Uncertainty over what IRD would allow to be separated from [...]

Message from Sovereign to HomelinkFinance We can help Sovereign Home Loan clients with the following: An additional loan of up to $10,000 for 90 days at the special floating rate of 1.25% p.a. below Sovereign’s floating rate i.e. 5.10% p.a as of today. This loan will be advanced prior to documentation being signed. Funds will [...]

Kiwi saver criteria If you have been with Kiwisaver for 3+ years and are over 18 years old then you can apply for the tax free $3000 government grant toward a home. The grant increases to $4000 in 2011 and $5000 in 2012. A couple is allowed to pool grants to $6000 this year (2011), [...]

If you’re like most people, your mortgage is your largest monthly expense. But, how do you know if you’re paying too much for your mortgage? With interest rates at near record lows, many homeowners could be saving hundreds of dollars a month by reducing their interest rate through a mortgage refinance. Here are five signs [...]

If you are wanting to refinance or sell a property and get a higher valuation then you may be wanting to do some cosmetic improvements but don’t necessarily want to approach your bank since this is short term money - to 5 years max Up to $20,000 is readily available without disturbing your existing mortgage and minimum [...]

There is a huge challenge at the moment for Christchurch investors and people in general, not only about the damage and loss of life but also in regard to lending and insurance. People are trying to settle home purchases and the insurers won’t cover the property. This means that penalty rates kick in for late [...]

This is once again available and Kiwisaver funds can be used if the borrower is eligible. However, the banks want the cream of borrowers and will not go to this LVR unless its a strong application but well worth applying if you think you qualify either with your own deposit or using kiwi saver. Not [...]