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The Mortgage Advice That Fails in NZ: With Aaron Cattell (The Mortgage Man)
Description
Time to fact-check the mortgage advice taking over social media, and see what actually holds up.
Mortgage adviser Aaron Cattell (aka The Mortgage Man) is ready to go myth-by-myth through the mortgage advice doing the rounds online, and find out what actually survives contact with someone who does this for a living.
We cover:
- The "pay a dollar a day" trick, the viral claim that resets your mortgage interest.
- Weekly vs fortnightly vs monthly repayments; does paying more often actually shave years off your mortgage in New Zealand, or is that a US myth that doesn't translate?
- The "buy two houses, one each" couple strategy
- Credit scores, and how much they really matter for a NZ mortgage application
- Rent vs buy, and how to figure out the numbers for the NZ context
This episode of Making Cents is proudly supported by Odoo. Go to http://odoo.com/r/hpl now and try it for free, for 15 days.
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Production and video editing by Lana Byrne
Audio engineering by Tash Chittock
Filmed by Fanaticals