Mortgage Pitfalls for the home buyer / Alex Matheson
2020 was the year that first home buyers got their groove on again...some did anyway with the first timers getting almost 25% of house sales. It currently takes up to 3 weeks (at time of writing), to obtain pre-approval of finance from a bank. It also sounds like for every house sale, there could be up to 10 individuals who have all engaged their banks, lawyers, builder and valuers - all undertaking some sort of due diligence.
There is so much wastage in the property purchasing industry.
This episode is about trying to help you avoid the pitfalls when buying your next home and involving the bank- because pitfalls suck balls, and whatever else that falls down them.
Some questions we're going to discuss here:
Bank vs Adviser
How to fill out an application form
Does it matter who your parents are?
How important is a track record?
These are some of the most common pitfalls that first timers fall into (and even if it's not your first rodeo too).
Now as promised, courtesy of of Financial Advice NZ - here's a list of all member advisers.
You may also wish to check out this episode if you're looking to purchase via auction.
Hatch / NZ Everyday Investor, Investing Challenge!
Start investing regularly. It’s not about picking stocks, it’s all about investing regularly towards an objective! The goal of the challenge is to get you to start making regular contributions to your investments, to build long term wealth.
Now to help you with this challenge, Hatch is going to give one lucky person a $500NZD top-up to their Hatch account. To enter the giveaway, head to:
Terms and conditions: https://www.hatchinvest.nz/nz-everyday-investor-ts-and-cs
Just pop down your email address _and your _goal you have when it comes to investing – that’s right – if you put it out there, it’s more likely to happen.
The challenge will run from Monday 16 November to Monday 30 November, and the winner will be announced on Tuesday 1 December. _So don’t put this off _– if you’re in a position to do it, click on the link now. If you work for money, put some of it to work for you today – good luck!
The NZ Everyday Investor would also like to acknowledge the support of kōura.
Most people fixate on just fees or historical returns when trying to choose a KiwiSaver fund. But professionals know there’s the _third, arguably more essential_ component to consider - asset allocation. kōura's digital advice tools will build you a KiwiSaver portfolio that has the perfect asset allocation just for you. Of course you could also just choose your own KiwiSaver portfolio with them too. Give them a try and see what your _ideal_ KiwiSaver asset allocation looks like for you.
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Please ensure that you act independently from any of the content provided in these episodes - it should not be considered personalised financial advice for you. This means, you should either do your own research taking on board a broad range of opinions, or ideally, consult and engage an authorised financial adviser to provide guidance around your specific goals and objectives.