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  • Last week, we shared some pros and cons of buying a commercial property because many people are now considering investing in commercial property. This week, we're going to continue with this topic and cover some of the areas that you need to consider if you are looking to purchase a commercial property to help you make a good purchase and also get your finance sorted smoothly.

    ------------------

    Topics Covered:

    1. What areas do you need to consider if you're looking to buy a commercial property? - 01:00

    2. Other areas that can't be overlooked - 11:58

    ------------------

    Subscribe To Our Podcast

    Make sure you've liked and subscribed to our channel where we upload new content every week!

    ------------------

    Prosperity Finance – here to help

    If you would like to get more tailored advice, please feel free to get in touch. We are happy to review your situation and let you know how we can help. Call us at 09 930 8999 or email [email protected] for a chat with one of our mortgage advisors.

    As mortgage brokers based in New Zealand, we can help you to achieve your financial goals. No matter you are a first home buyer, property investor, or looking for buying a commercial property, or if you are a construction builder or developer, we're here to help.

    ------------------

    If that wasn't enough, you can also connect with us by...

    Website: https://prosperityfinance.co.nz/

    Youtube: https://www.youtube.com/channel/UC9kryOMVOEZv8dmWGHz0ppA

    Linkedin: https://www.linkedin.com/in/conniewang-profinance/

    Facebook: https://www.facebook.com/ProsperityFinanceNZ/

    Instagram: https://www.instagram.com/prosperityfinance/?hl=en

  • Recently we have been asked by some clients that whether investing in commercial property is a good idea. The new policies announced by the government and banks are not in favour of residential property investors, such as the bright-line rule, interest deductibility rule, and the LVR rule. It tends to make the commercial sector more attractive because they are exempt from these rules, and also, the residential properties are getting much more expensive than before. So, if you have a limited budget, investing in commercial properties might be a good choice.

    ------------------

    Topics Covered:

    1. The benefits of commercial property 02:02

    2. The downsides of commercial property 09:29

    ------------------

    Subscribe To Our Podcast

    Make sure you've liked and subscribed to our channel where we upload new content every week!

    ------------------

    Prosperity Finance – here to help

    If you would like to get more tailored advice, please feel free to get in touch. We are happy to review your situation and let you know how we can help. Call us at 09 930 8999 or email [email protected] for a chat with one of our mortgage advisors.

    As mortgage brokers based in New Zealand, we can help you to achieve your financial goals. No matter you are a first home buyer, property investor, or looking for buying a commercial property, or if you are a construction builder or developer, we're here to help.

    ------------------

    If that wasn't enough, you can also connect with us by...

    Website: https://prosperityfinance.co.nz/

    Youtube: https://www.youtube.com/channel/UC9kryOMVOEZv8dmWGHz0ppA

    Linkedin: https://www.linkedin.com/in/conniewang-profinance/

    Facebook: https://www.facebook.com/ProsperityFinanceNZ/

    Instagram: https://www.instagram.com/prosperityfinance/?hl=en

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  • Since the government introduced the interest deductibility rule early this year, we noticed some aspects of home loans that people need to be aware. If you don't do them correctly, you may end up paying more tax, or your accountant may have a headache when they prepare your financials at the end of the financial year.

    That’s why in this episode, we're going to cover three tips to help you work out how you can manage your home loan structure that best conform your situation and be tax efficient.

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    Topics Covered:

    Tips 1: Offset VS. Revolving account 01:02

    Tip 2: Don't combine your loans, especially for the rental property loans 05:56

    Tip 3: How to wisely use a lump sum money to repay loans – if you do not wish to use the money for something else to purchase a new property 06:56

    ------------------

    Subscribe To Our Podcast

    Make sure you've liked and subscribed to our channel where we upload new content every week!

    ------------------

    Prosperity Finance – here to help

    If you would like to get more tailored advice, please feel free to get in touch. We are happy to review your situation and let you know how we can help. Call us at 09 930 8999 or email [email protected] for a chat with one of our mortgage advisors.

    As mortgage brokers based in New Zealand, we can help you to achieve your financial goals. No matter you are a first home buyer, property investor, or looking for buying a commercial property, or if you are a construction builder or developer, we're here to help.

    ------------------

    If that wasn't enough, you can also connect with us by...

    Website: https://prosperityfinance.co.nz/

    Youtube: https://www.youtube.com/channel/UC9kryOMVOEZv8dmWGHz0ppA

    Linkedin: https://www.linkedin.com/in/conniewang-profinance/

    Facebook: https://www.facebook.com/ProsperityFinanceNZ/

    Instagram: https://www.instagram.com/prosperityfinance/?hl=en

  • Unexpected announcements of interest rates lifting by over 30 base points from all mainstream banks surprised many of us last week. Whereas interest rates were predicted to remain low for years to come, now turning on a dime and start rising.

    The one-year fixed term rates have lifted from 2.19% to 2.5%. In this video, we'll go into depth on the reason for the interest rates increasing and reveal the tactics on how you can deal with it to minimise the impact.

    ------------------

    Topics Covered:

    Video timeline

    1. Why the interest rates increase? 01:48

    2. What can we do? 05:35

    ------------------

    Subscribe To Our Podcast

    Make sure you've liked and subscribed to our channel where we upload new content every week!

    ------------------

    Prosperity Finance – here to help

    If you would like to get more tailored advice, please feel free to get in touch. We are happy to review your situation and let you know how we can help. Call us at 09 930 8999 or email [email protected] for a chat with one of our mortgage advisors.

    As mortgage brokers based in New Zealand, we can help you to achieve your financial goals. No matter you are a first home buyer, property investor, or looking for buying a commercial property, or if you are a construction builder or developer, we're here to help.

    ------------------

    If that wasn't enough, you can also connect with us by...

    Website: https://prosperityfinance.co.nz/

    Youtube: https://www.youtube.com/channel/UC9kryOMVOEZv8dmWGHz0ppA

    Linkedin: https://www.linkedin.com/in/conniewang-profinance/

    Facebook: https://www.facebook.com/ProsperityFinanceNZ/

    Instagram: https://www.instagram.com/prosperityfinance/?hl=en

  • The debt-to-income ratios are likely to be the most effective measurement that can be deployed by the RBNZ to support the stability of banking system. However, the restrictions will affect property investors, particularly those who are looking to grow their portfolios.

    In this episode, we’re going to have a deep dive at the debt-to-income ratio – who will be impacted, to what extent will it affect you (illustrating by a case study), and what strategies available to you, so you can start reviewing and considering how you can minimize the impact.

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    Topics Covered:

    1. Who will be impacted by the implementation of the debt-to-income ratio? 04:37

    2. Case study: to what extent will the DTI affect investors? 06:10

    3. What are the strategies available right now? 12:59

    ------------------

    Subscribe To Our Podcast

    Make sure you've liked and subscribed to our channel where we upload new content every week!

    ------------------

    Prosperity Finance – here to help

    If you would like to get more tailored advice, please feel free to get in touch. We are happy to review your situation and let you know how we can help. Call us at 09 930 8999 or email [email protected] for a chat with one of our mortgage advisors.

    As mortgage brokers based in New Zealand, we can help you to achieve your financial goals. No matter you are a first home buyer, property investor, or looking for buying a commercial property, or if you are a construction builder or developer, we're here to help.

    ------------------

    If that wasn't enough, you can also connect with us by...

    Website: https://prosperityfinance.co.nz/

    Youtube: https://www.youtube.com/channel/UC9kryOMVOEZv8dmWGHz0ppA

    Linkedin: https://www.linkedin.com/in/conniewang-profinance/

    Facebook: https://www.facebook.com/ProsperityFinanceNZ/

    Instagram: https://www.instagram.com/prosperityfinance/?hl=en

  • The government’s recent housing reforms (March 2021) regarding investment property tax rules are causing kiwi investors to think, “should I invest in new builds or existing properties in New Zealand?”

    There’s a lot to weigh up between new builds and existing properties, and this has traditionally been a controversial topic among investors.

    Yet, there's no one-size-fits-all approach, and new builds may not be the right investments for everyone.

    In this episode, we weigh up the pros and cons of investing in new builds and existing properties so you can make an informed decision about the suitable property investments option for you.

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    Topics Covered:

    1. Tax deductibility rule (cashflow) - 01:41

    2. Interest rates (cashflow) - 02:40

    3. Bright Line Rule - 03:25

    4. Healthy Home compliance - 03:52

    5. Deposit - 04:32

    6. Borrowing power - 04:45

    7 Maintenance - 05:24

    8. Rental yield - 06:35

    9. location - 07:18

    10. Adding value for properties - 07:40

    11. Purchase price - 08:33

    12. Organic capital growth - 08:52

    13. The risk of off-the-plans - 10:11

    ------------------

    Subscribe To Our Podcast

    Make sure you've liked and subscribed to our channel where we upload new content every week!

    ------------------

    Prosperity Finance – here to help

    If you would like to get more tailored advice, please feel free to get in touch. We are happy to review your situation and let you know how we can help. Call us at 09 930 8999 or email [email protected] for a chat with one of our mortgage advisors.

    As mortgage brokers based in New Zealand, we can help you to achieve your financial goals. No matter you are a first home buyer, property investor, or looking for buying a commercial property, or if you are a construction builder or developer, we're here to help.

    ------------------

    If that wasn't enough, you can also connect with us by...

    Website: https://prosperityfinance.co.nz/

    Youtube: https://www.youtube.com/channel/UC9kryOMVOEZv8dmWGHz0ppA

    Linkedin: https://www.linkedin.com/in/conniewang-profinance/

    Facebook: https://www.facebook.com/ProsperityFinanceNZ/

    Instagram: https://www.instagram.com/prosperityfinance/?hl=en

  • ASB has launched a new product called "Back My Build" with a cut-price 1.79% variable home loan rate for new builds, as the lender attempts to encourage the lending for building a new home from scratch or purchasing a home and land package.

    In this episode, we’ll explain how ASB’s Back My Build works and share our perspectives on the benefits and what needs to be aware of about the product, so that you can make an informed decision.

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    Topics Covered:

    1. ASB launches a home loan for new builds with a 1.79% floating interest rate - 00:45

    2. What are the benefits of ASB's 1.79% home loan rate for new builds? - 02:26

    3. What you need to be aware of? - 04:49

    ------------------

    Subscribe To Our Podcast

    Make sure you've liked and subscribed to our channel where we upload new content every week!

    ------------------

    Prosperity Finance – here to help

    If you would like to get more tailored advice, please feel free to get in touch. We are happy to review your situation and let you know how we can help. Call us at 09 930 8999 or email [email protected] for a chat with one of our mortgage advisors.

    As mortgage brokers based in New Zealand, we can help you to achieve your financial goals. No matter you are a first home buyer, property investor, or looking for buying a commercial property, or if you are a construction builder or developer, we're here to help.

    ------------------

    If that wasn't enough, you can also connect with us by...

    Website: https://prosperityfinance.co.nz/

    Youtube: https://www.youtube.com/channel/UC9kryOMVOEZv8dmWGHz0ppA

    Linkedin: https://www.linkedin.com/in/conniewang-profinance/

    Facebook: https://www.facebook.com/ProsperityFinanceNZ/

    Instagram: https://www.instagram.com/prosperityfinance/?hl=en

  • We list the top seven reasons why it is still worth investing in property in New Zealand under the current economic conditions.

    In March 2021, the New Zealand government announced new housing policy changes targeted at relieving pressure on the overheated market, tipping the balance away from speculators and back towards first-home buyers and long-term investors.

    As a result, we noticed a growing number of people interested in buying first home, upgrading family home, or developing properties. The new housing rules spook many investors, and they are doubting if it is still worth investing in property now.

    ------------------

    Topics Covered:

    1. Why you have to invest? - 00:44

    2. Top 7 benefits of investing in properties - 03:32

    3. Is now still a good time to invest in property in New Zealand? - 09:23

    ------------------

    Subscribe To Our Podcast

    Make sure you've liked and subscribed to our channel where we upload new content every week!

    ------------------

    Prosperity Finance – here to help

    If you would like to get more tailored advice, please feel free to get in touch. We are happy to review your situation and let you know how we can help. Call us at 09 930 8999 or email [email protected] for a chat with one of our mortgage advisors.

    As mortgage brokers based in New Zealand, we can help you to achieve your financial goals. No matter you are a first home buyer, property investor, or looking for buying a commercial property, or if you are a construction builder or developer, we're here to help.

    ------------------

    If that wasn't enough, you can also connect with us by...

    Website: https://prosperityfinance.co.nz/

    Youtube: https://www.youtube.com/channel/UC9kryOMVOEZv8dmWGHz0ppA

    Linkedin: https://www.linkedin.com/in/conniewang-profinance/

    Facebook: https://www.facebook.com/ProsperityFinanceNZ/

    Instagram: https://www.instagram.com/prosperityfinance/?hl=en

  • On 10 May, ANZ, one of New Zealand's biggest banks, has announced they would decrease the percentage of rental income they take into consideration when assessing new home loan application from 75 per cent to 65 per cent effective from 13 May, making the first move since the Government's announcement of new housing rules in 2021.

    In this episode, we'll help you go through ANZ's announcement on rental income changes, use an example to quantify how your borrowing power may be reduced under ANZ's new rules, and analyse who will be impacted by the new rules, so that you can realize the urgency of applying for a home loan before it's too late.

    ------------------

    Topics Covered:

    1. ANZ's rental income changes - 00:51

    2. How will ANZ's policy change for rental property income affect your borrowing power? - 03:24

    3. Will other banks follow suit and impose new serviceability rules? - 04:24

    4. Who will be affected by ANZ's new calculation rules on affordability assessment? - 05:27

    ------------------

    Subscribe To Our Podcast

    Make sure you've liked and subscribed to our channel where we upload new content every week!

    ------------------

    Prosperity Finance – here to help

    If you would like to get more tailored advice, please feel free to get in touch. We are happy to review your situation and let you know how we can help. Call us at 09 930 8999 or email [email protected] for a chat with one of our mortgage advisors.

    As mortgage brokers based in New Zealand, we can help you to achieve your financial goals. No matter you are first home buyer, property investor, or looking for buying a commercial property, or if you are a construction builder or developer, we're here to help.

    ------------------

    If that wasn't enough, you can also connect with us by...

    Website: https://prosperityfinance.co.nz/

    Youtube: https://www.youtube.com/channel/UC9kryOMVOEZv8dmWGHz0ppA

    Linkedin: https://www.linkedin.com/in/conniewang-profinance/

    Facebook: https://www.facebook.com/ProsperityFinanceNZ/

    Instagram: https://www.instagram.com/prosperityfinance/?hl=en

  • Some of the major New Zealand banks have dropped interest rates on short-term loans. At the time of writing (03 May 2021), the lowest one-year rate is 2.25% among these major lenders.

    In this episode, we’ll update you with the latest information about NZ home loan interest rates 2021 – the current rates for short-term loans, the lowest interest rate, the trend and forecast for the next two or three years, and our suggestions on how long you should fix your home loan for in 2021.

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    Topics Covered:

    1. NZ home loan interest rates (Updated on May 2021) - 00:46

    2. NZ interest rates trend - 02:21

    3. How long should I fix my home loan for? - 02:50

    ------------------

    Subscribe To Our Podcast

    Make sure you've liked and subscribed to our channel where we upload new content every week!

    ------------------

    Prosperity Finance – here to help

    If you would like to get more tailored advice, please feel free to get in touch. We are happy to review your situation and let you know how we can help. Call us at 09 930 8999 or email [email protected] for a chat with one of our mortgage advisors.

    As mortgage brokers based in New Zealand, we can help you to achieve your financial goals. No matter you are first home buyer, property investor, or looking for buying a commercial property, or if you are a construction builder or developer, we're here to help.

    ------------------

    If that wasn't enough, you can also connect with us by...

    Website: https://prosperityfinance.co.nz/

    Youtube: https://www.youtube.com/channel/UC9kryOMVOEZv8dmWGHz0ppA

    Linkedin: https://www.linkedin.com/in/conniewang-profinance/

    Facebook: https://www.facebook.com/ProsperityFinanceNZ/

    Instagram: https://www.instagram.com/prosperityfinance/?hl=en

  • In this episode, we’ll explain the why and share our view on how banks may change their lending polices to cope with the newly released housing rules regarding the removal of interest deductions on residential investment property. What’s more, we’ll use an example to quantify how your borrowing power may be reduced once the new policies become effective, so that you can understand the urgency of applying for a home loan before it’s too late.

    ------------------

    Topics Covered:

    1. Recap on new housing rules: the removal of interest deductions on residential investment property - 00:41

    2. How the policy changes may reduce your borrowing power? - 02:29

    ------------------

    Subscribe To Our Podcast

    Make sure you've liked and subscribed to our channel where we upload new content every week!

    ------------------

    Prosperity Finance – here to help

    If you would like to get more tailored advice, please feel free to get in touch. We are happy to review your situation and let you know how we can help. Call us at 09 930 8999 or email [email protected] for a chat with one of our mortgage advisors.

    As mortgage brokers based in New Zealand, we can help you to achieve your financial goals. No matter you are first home buyer, property investor, or looking for buying a commercial property, or if you are a construction builder or developer, we're here to help.

    ------------------

    If that wasn't enough, you can also connect with us by...

    Website: https://prosperityfinance.co.nz/

    Youtube: https://www.youtube.com/channel/UC9kryOMVOEZv8dmWGHz0ppA

    Linkedin: https://www.linkedin.com/in/conniewang-profinance/

    Facebook: https://www.facebook.com/ProsperityFinanceNZ/

    Instagram: https://www.instagram.com/prosperityfinance/?hl=en

  • New Zealand's government tackles at property speculators with a package of new housing rules to relieve runaway property prices and reduce the risk of a "dangerous" bubble. At the time of writing, it's still early to conclude how the new housing rules impact on the overall New Zealand property market, but definitely some investors could have already been spooked out of the market.

    Here is the recap of one of the new housing rules fazing investors:

    No interest deductions on residential investment property acquired after 27 March 2021. For the property acquired before 27 March 2021, the interests on the home loan will become progressively non-tax deductible against rental income from 1 October 2021.

    As a result, we anticipate that banks are more likely to review their servicing calculator and make it tougher for investors to borrow. This means if you are purchasing an investment property, or purchasing family home but you already have investment properties, your borrowing capacity may be reduced.

    However, we are still seeing that too many borrowers have multiple properties mortgaged to the same bank. Before banks tighten lending rules, we highly recommend reviewing your existing loan structure to avoid the risks that could have been eliminated.

    In this episode, we'll share one of the most common mistakes people make when borrowing for investment properties – holding multiple property loans with one bank – and discuss the potential risks. Also, at the end of the article, we'll reveal the cost of separating all property loans with different banks to help you weigh up the risks and benefits and make an informed decision.

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    Topics Covered:

    1. Under the new housing rules, why should you consider splitting banks strategy? - 01:53

    2. How to split property loans with different banks? - 05:21

    3. What are the costs involved in splitting banks? - 06:35

    ------------------

    Subscribe To Our Podcast

    Make sure you've liked and subscribed to our channel where we upload new content every week!

    ------------------

    Prosperity Finance – here to help

    If you would like to get more tailored advice, please feel free to get in touch. We are happy to review your situation and let you know how we can help. Call us at 09 930 8999 or email [email protected] for a chat with one of our mortgage advisors.

    As mortgage brokers based in New Zealand, we can help you to achieve your financial goals. No matter you are first home buyer, property investor, or looking for buying a commercial property, or if you are a construction builder or developer, we're here to help.

    ------------------

    If that wasn't enough, you can also connect with us by...

    Website: https://prosperityfinance.co.nz/

    Youtube: https://www.youtube.com/channel/UC9kryOMVOEZv8dmWGHz0ppA

    Linkedin: https://www.linkedin.com/in/conniewang-profinance/

    Facebook: https://www.facebook.com/ProsperityFinanceNZ/

    Instagram: https://www.instagram.com/prosperityfinance/?hl=en

  • The removal of interest deductions on residential property can have a severe effect on investors’ cash flow, particularly those who have borrowed to the eyeballs. Investors have to pay extra cash to cover the tax obligation, resulting in a lack of cash flow to hold the property.

    The question is: since removing the tax deductibility of interest, can investors still afford to hold the properties they already have? What will the actual cash flow be required to service all the expenses on investment properties, including extra tax obligations?

    That's why we designed a “cash flow projection” calculator helping you to quantify the actual cash flow on your investment properties acquired before 27 March 2021, so that you can have a clear mind if you can afford the property or not.

    Free rental property cash flow excel calculator download link: bit.ly/2OvPuUD

    ------------------

    Topics Covered:

    1. Removing interest deductions on residential property, how will the new housing policy affect your cashflow? – 02:31

    2. Other factors that may negatively affect cashflow on rental properties – 10:26

    ------------------

    Subscribe To Our Podcast

    Make sure you've liked and subscribed to our channel where we upload new content every week!

    ------------------

    Prosperity Finance – here to help

    If you would like to get more tailored advice, please feel free to get in touch. We are happy to review your situation and let you know how we can help. Call us at 09 930 8999 or email [email protected] for a chat with one of our mortgage advisors.

    As mortgage brokers based in New Zealand, we can help you to achieve your financial goals. No matter you are first home buyer, property investor, or looking for buying a commercial property, or if you are a construction builder or developer, we're here to help.

    ------------------

    If that wasn't enough, you can also connect with us by...

    Website: https://prosperityfinance.co.nz/

    Youtube: https://www.youtube.com/channel/UC9kryOMVOEZv8dmWGHz0ppA

    Linkedin: https://www.linkedin.com/in/conniewang-profinance/

    Facebook: https://www.facebook.com/ProsperityFinanceNZ/

    Instagram: https://www.instagram.com/prosperityfinance/?hl=en

  • If you are self-employed, getting a home loan can be a bit complicated. Compared with PAYE, self-employed people need to provide more documentation to evidence your income.

    At the time of writing, it’s March 2021. The end of the financial year is creeping up quickly. In this video, we will cover some tips on getting a home loan for self-employed people and some commonly asked questions about proof of income so that you can be well prepared.

    ------------------

    Topics Covered:

    1. Banks now are requiring the latest financial statements. - 00:42

    2. “How much should I pay myself?” - 03:11

    3. How do banks assess financial statements for self-employed borrowers? - 04:10

    4. Home loan Supporting documents required for self-employed borrowers. - 08:47

    ------------------

    Subscribe To Our Podcast

    Make sure you've liked and subscribed to our channel where we upload new content every week!

    ------------------

    Prosperity Finance – here to help

    If you would like to get more tailored advice, please feel free to get in touch. We are happy to review your situation and let you know how we can help. Call us at 09 930 8999 or email [email protected] for a chat with one of our mortgage advisors.

    As mortgage brokers based in New Zealand, we can help you to achieve your financial goals. No matter you are first home buyer, property investor, or looking for buying a commercial property, or if you are a construction builder or developer, we're here to help.

    ------------------

    If that wasn't enough, you can also connect with us by...

    Website: https://prosperityfinance.co.nz/

    Youtube: https://www.youtube.com/channel/UC9kryOMVOEZv8dmWGHz0ppA

    Linkedin: https://www.linkedin.com/in/conniewang-profinance/

    Facebook: https://www.facebook.com/ProsperityFinanceNZ/

    Instagram: https://www.instagram.com/prosperityfinance/?hl=en

  • First home buyers appear to be getting squeezed from the market as investors snap up a large share of properties. It came as New Zealand’s house prices were more than 10 per cent higher than last 12 months.

    Recently, some banks have announced tougher LVR (loan-to-value ratios) rules – investors need a minimum 40 per cent deposit while owner-occupier still need a 20 per cent deposit, start taking the heat out of the market. Still, the prices are rising too high and stretching beyond the limits of many first home buyers. Some of them are struggling harder with ever-rising property values.

    Because we help many first home buyers on the daily, we understand the process and the barriers along the journey. So we thought we’d put together three top tips for first home buyers so that you know how to set up your buying rule, especially if you can’t afford your dream home in today’s market.

    ------------------

    Topics Covered:

    1. Getting on the property ladder as soon as possible - 01:08

    2. Focus on equity - 01:50

    3. Buy an existing house rather than a new build - 04:37

    ------------------

    Subscribe To Our Podcast

    Make sure you've liked and subscribed to our channel where we upload new content every week!

    ------------------

    Prosperity Finance – here to help

    If you would like to get more tailored advice, please feel free to get in touch. We are happy to review your situation and let you know how we can help. Call us at 09 930 8999 or email [email protected] for a chat with one of our mortgage advisors.

    As mortgage brokers based in New Zealand, we can help you to achieve your financial goals. No matter you are first home buyer, property investor, or looking for buying a commercial property, or if you are a construction builder or developer, we're here to help.

    ------------------

    If that wasn't enough, you can also connect with us by...

    Website: https://prosperityfinance.co.nz/

    Youtube: https://www.youtube.com/channel/UC9kryOMVOEZv8dmWGHz0ppA

    Linkedin: https://www.linkedin.com/in/conniewang-profinance/

    Facebook: https://www.facebook.com/ProsperityFinanceNZ/

    Instagram: https://www.instagram.com/prosperityfinance/?hl=en

  • An interest-only home loan is designed for the borrower to pay the interest charged on the loan for a set period, not the amount borrowed. The borrower won’t repay the principal until the term ends. Compared with another way of loan repayment (paying principal and interest), going interest-only helps reduce the monthly payments, and it also brings other advantages.

    Many investors look to utilise interest-only loan on their investment properties. However, it’s also common to see people pay principal and interests for all the loans, including rental property loans. They feel it’s safer to pay down some principal, rather than just paying interest.

    In this episode, we’ll explain why it's not a good idea to pay principal and interest for your rental property loan while you are still repaying loans for your family home, and the options you may have when the interest-only loan expires.

    ------------------

    Topics Covered:

    1. Benefits of paying interest-only on investment property loans 00:25

    2. What happens when interest-only loan expires? 02:44

    ------------------

    Subscribe To Our Podcast

    Make sure you've liked and subscribed to our channel where we upload new content every week!

    ------------------

    Prosperity Finance – here to help

    If you would like to get more tailored advice, please feel free to get in touch. We are happy to review your situation and let you know how we can help. Call us at 09 930 8999 or email [email protected] for a chat with one of our mortgage advisors.

    As mortgage brokers based in New Zealand, we can help you to achieve your financial goals. No matter you are first home buyer, property investor, or looking for buying a commercial property, or if you are a construction builder or developer, we're here to help.

    ------------------

    If that wasn't enough, you can also connect with us by...

    Website: https://prosperityfinance.co.nz/

    Youtube: https://www.youtube.com/channel/UC9kryOMVOEZv8dmWGHz0ppA

    Linkedin: https://www.linkedin.com/in/conniewang-profinance/

    Facebook: https://www.facebook.com/ProsperityFinanceNZ/

    Instagram: https://www.instagram.com/prosperityfinance/?hl=en

  • “I want to use my rental property as a bank security to borrow, so that the new loan interest can be tax-deductible.” That’s what we’ve been hearing from our clients from time to time. But it’s not always right.

    In fact, it depends on the purpose of borrowing. It’s not about the loan security. Say you’re looking to upgrade your home, even though you have an equity-rich rental property and use that for a security, the additional borrowing against the rental can not necessarily offset the rental income because the purpose is purchasing a new home, rather than buying a rental property.

    ------------------

    Topics Covered:

    1. The rental income from property cannot be offset if the borrowing purpose is inappropriate not for purchasing investment purpose - 00:20

    2. Which property to use as security for a home loan? - 02:42

    ------------------

    Subscribe To Our Podcast

    Make sure you've liked and subscribed to our channel where we upload new content every week!

    ------------------

    Prosperity Finance – here to help

    If you would like to get more tailored advice, please feel free to get in touch. We are happy to review your situation and let you know how we can help. Call us at 09 930 8999 or email [email protected] for a chat with one of our mortgage advisors.

    As mortgage brokers based in New Zealand, we can help you to achieve your financial goals. No matter you are first home buyer, property investor, or looking for buying a commercial property, or if you are a construction builder or developer, we're here to help.

    ------------------

    If that wasn't enough, you can also connect with us by...

    Website: https://prosperityfinance.co.nz/

    Youtube: https://www.youtube.com/channel/UC9kryOMVOEZv8dmWGHz0ppA

    Linkedin: https://www.linkedin.com/in/conniewang-profinance/

    Facebook: https://www.facebook.com/ProsperityFinanceNZ/

    Instagram: https://www.instagram.com/prosperityfinance/?hl=en

  • Many NZ small businesses may need a business loan at some point. There are many common purposes for a business loan – you may need to upgrade your equipment, or cover unexpected expenses, or other uses that require more cashflow.

    Just like you we are a small business, and we understand how challenging it is to grow a business without access to capital for extra cashflow. Sometimes, having that lump sum of money can be a determining factor in the success of your business.

    However, getting the money you need from a bank can be difficult, especially when you’re looking to apply for an unsecured loan for your business. An unsecured loan refers to those that do not require securities of property, vehicle, or equipment.

    ------------------

    Topics Covered:

    1. Getting an unsecured small business loan from a bank, why is it hard? - 01:29

    2. The unsecured business loan that might help you - 04:26

    ------------------

    Subscribe To Our Podcast

    Make sure you've liked and subscribed to our channel where we upload new content every week!

    ------------------

    Prosperity Finance – here to help

    If you would like to get more tailored advice, please feel free to get in touch. We are happy to review your situation and let you know how we can help. Call us at 09 930 8999 or email [email protected] for a chat with one of our mortgage advisors.

    As mortgage brokers based in New Zealand, we can help you to achieve your financial goals. No matter you are first home buyer, property investor, or looking for buying a commercial property, or if you are a construction builder or developer, we're here to help.

    ------------------

    If that wasn't enough, you can also connect with us by...

    Website: https://prosperityfinance.co.nz/

    Youtube: https://www.youtube.com/channel/UC9kryOMVOEZv8dmWGHz0ppA

    Linkedin: https://www.linkedin.com/in/conniewang-profinance/

    Facebook: https://www.facebook.com/ProsperityFinanceNZ/

    Instagram: https://www.instagram.com/prosperityfinance/?hl=en

  • Purchasing a home to live in feels like a rite of passage for many people. If you’re in the market to buy your first home, have you ever wondered is it better to buy an investment property first or buy a home to live in first?

    In this episode, we’ll discuss 4 reasons why some people consider buying an investment property before first home, especially with current trends in New Zealand real estate market. We’ll also learn about the difference between buying a rental property and buying an owner-occupied property that every first-time buyer needs to know about, such as the deposit requirement, how banks calculate your servicing for home loan, etc.

    ------------------

    Topics Covered:

    1. Why buying an investment property before your first home? - 01:25

    2. The difference between buying an investment property and a first home to live in - 03:33

    ------------------

    Subscribe To Our Podcast

    Make sure you've liked and subscribed to our channel where we upload new content every week!

    ------------------

    Prosperity Finance – here to help

    If you would like to get more tailored advice, please feel free to get in touch. We are happy to review your situation and let you know how we can help. Call us at 09 930 8999 or email [email protected] for a chat with one of our mortgage advisors.

    As mortgage brokers based in New Zealand, we can help you to achieve your financial goals. No matter you are first home buyer, property investor, or looking for buying a commercial property, or if you are a construction builder or developer, we're here to help.

    ------------------

    If that wasn't enough, you can also connect with us by...

    Website: https://prosperityfinance.co.nz/

    Youtube: https://www.youtube.com/channel/UC9kryOMVOEZv8dmWGHz0ppA

    Linkedin: https://www.linkedin.com/in/conniewang-profinance/

    Facebook: https://www.facebook.com/ProsperityFinanceNZ/

    Instagram: https://www.instagram.com/prosperityfinance/?hl=en

  • At the beginning of 2021, some New Zealand banks have tightened further their loan-to-value ratio (LVR) for an investment property to 60 per cent. This means the minimum deposit for investment property has been lifted to 40 per cent.

    In this episode, we’ll update with you the latest LVR changes from banks in terms of investment property loans. Besides, we’ll share three tips on helping you buy a rental property if you do not have enough deposit or equity. At the end of the video, you’ll get inspired on what you can do on your current structure so that you can grab the opportunity while you still can.

    ------------------

    Topics Covered:

    1. LVR restrictions changes for investment property – 01:11

    2. How to buy an investment property if I don’t have enough deposits? – 04:11

    3. What action should you take before all banks apply 60% of LVR restriction to investment property loans? – 09:14

    ------------------

    Subscribe To Our Podcast

    Make sure you've liked and subscribed to our channel where we upload new content every week!

    ------------------

    Prosperity Finance – here to help

    If you would like to get more tailored advice, please feel free to get in touch. We are happy to review your situation and let you know how we can help. Call us at 09 930 8999 or email [email protected] for a chat with one of our mortgage advisors.

    As mortgage brokers based in New Zealand, we can help you to achieve your financial goals. No matter you are first home buyer, property investor, or looking for buying a commercial property, or if you are a construction builder or developer, we're here to help.

    ------------------

    If that wasn't enough, you can also connect with us by...

    Website: https://prosperityfinance.co.nz/

    Youtube: https://www.youtube.com/channel/UC9kryOMVOEZv8dmWGHz0ppA

    Linkedin: https://www.linkedin.com/in/conniewang-profinance/

    Facebook: https://www.facebook.com/ProsperityFinanceNZ/

    Instagram: https://www.instagram.com/prosperityfinance/?hl=en