Debt

To consolidate or not to consolidate?

Everyone knows that credit card debt is “bad” debt due to the high interest rates on most consumer credit cards. And also due to the fact that most items that relate to credit card or consumer debt depreciate or loose value very fast as opposed to your home mortgage which is for an asset that in most…

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Reserve bank’s announcement 19/07/2016

40 deposit restrictions for investors & further restrictions for first home buyers proposed by RBNZ The proposed changes announced on Tuesday has said no more than 5 percent of bank lending to residential property investors across New Zealand would be permitted with an LVR of greater than 60 percent. This will not only affect investment…

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