Kyle Reardon - Mortgage Adviser

When it comes to refinancing there are SO many options.

I'm helping my clients get into a better financial position, with a better bank and better rates.

Please reach out if you think your current bank isn't fitting the bill and we can look at ways to make your mortgage work for you - and not the other way round.



📲 021 638 464

𝙃𝙤𝙬 𝘿𝙤𝙚𝙨 𝘼 𝙂𝙞𝙛𝙩𝙚𝙙 𝘿𝙚𝙥𝙤𝙨𝙞𝙩 𝙒𝙤𝙧𝙠 𝙒𝙝𝙚𝙣 𝘽𝙪𝙮𝙞𝙣𝙜 𝙔𝙤𝙪𝙧 𝙁𝙞𝙧𝙨𝙩 𝙃𝙤𝙢𝙚?🏡

If you're dreaming of stepping into your very own home, getting a monetary gift can give you a serious leg-up.

In this week's update, we'll get a handle on how these gifts can help get you into the property market and what you need to do to make the most of them.

Read on to find out more and please feel free to reach out or share with anyone that may need a hand.

Cheers, Kyle 👍

📲 021 638 464









Kyle's Weekly Finance Update 🏡💰 -

Kyle's Weekly Finance Update 🏡💰 How Does A Gifted Deposit Work When Buying Your First Home?

𝙃𝙊𝙈𝙀 𝙇𝙊𝘼𝙉 𝙃𝙐𝙍𝘿𝙇𝙀𝙎: 𝙃𝙤𝙬 𝘼𝙣 𝙐𝙣𝙖𝙧𝙧𝙖𝙣𝙜𝙚𝙙 𝙊𝙫𝙚𝙧𝙙𝙧𝙖𝙛𝙩 𝘾𝙖𝙣 𝙄𝙢𝙥𝙖𝙘𝙩 𝙔𝙤𝙪𝙧 𝙈𝙤𝙧𝙩𝙜𝙖𝙜𝙚 𝘼𝙥𝙥𝙡𝙞𝙘𝙖𝙩𝙞𝙤𝙣.

Getting to grips with overdrafts is super important if you're looking at purchasing a property.

Those sneaky overdrafts that happen when your bank account dips below zero without prior approval from your bank, can throw a spanner in the works when you're after a home loan.

In this week's update, we will break down the implications of unarranged overdrafts on your home loan eligibility, providing clear steps and advice for home buyers and those seeking mortgage guidance.

Read on to find out more and please feel free to reach out or share with anyone that may need a hand.

Cheers, Kyle 👍

📲 021 638 464








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Kyle's Weekly Finance Update 🏡💰 -

Kyle's Weekly Finance Update 🏡💰 HOME LOAN HURDLES: How An Unarranged Overdraft Can Impact Your Mortgage Application.

4️⃣ 𝙏𝙤𝙥 𝙏𝙞𝙥𝙨 𝙩𝙤 𝙃𝙚𝙡𝙥 𝘾𝙧𝙪𝙨𝙝 𝙔𝙤𝙪𝙧 𝘾𝙧𝙚𝙙𝙞𝙩 𝘾𝙖𝙧𝙙 𝘿𝙚𝙗𝙩 𝘽𝙚𝙛𝙤𝙧𝙚 𝘽𝙪𝙮𝙞𝙣𝙜 𝙖 𝙃𝙤𝙢𝙚!

If you have high credit card debt, it could make it tough to get a home loan.

Lenders look at how much of your income goes toward paying off debts, and if you're weighed down by credit card debt (or any debt for that matter), they may think twice about giving you a home loan.

So, it's important to tackle that credit card debt head-on to get your finances ready for buying a house.

In this week's update I’ll equip you with 4 straightforward strategies to help you wipe out your credit card debt quickly.

With these practical tips you'll get your finances in shape and be on your way to owning your own home in no time!

Read on to find out more and please feel free to reach out or share with anyone that may need a hand.

Cheers,
Kyle 📲021 638 464









Kyle's Weekly Finance Update 🏡💰 -

Kyle's Weekly Finance Update 🏡💰 4 Top Tips to Help Crush Your Credit Card Debt Before Buying a Home.

Despite the challenges over the past year, our team at Loan Market Universal has shown remarkable resilience and innovation to continue to help our clients achieve their financial goals.

It's great to see that our hard work has been recognised, placing us in the Loan Market Chairman's Club and among the top 5% of our network to achieve this accolade.

A massive thanks goes out to all our clients, we definitely could not have achieved this milestone without them 🏆

I'm proud to be part of such an awesome team - 𝐢𝐟 𝐲𝐨𝐮 𝐬𝐮𝐫𝐫𝐨𝐮𝐧𝐝 𝐲𝐨𝐮𝐫𝐬𝐞𝐥𝐟 𝐰𝐢𝐭𝐡 𝐠𝐨𝐨𝐝 𝐩𝐞𝐨𝐩𝐥𝐞, 𝐠𝐨𝐨𝐝 𝐭𝐡𝐢𝐧𝐠𝐬 𝐰𝐢𝐥𝐥 𝐡𝐚𝐩𝐩𝐞𝐧 👍

𝙃𝙤𝙬 𝙏𝙤 𝙈𝙖𝙣𝙖𝙜𝙚 𝙔𝙤𝙪𝙧 𝙈𝙤𝙣𝙚𝙮 𝙒𝙞𝙩𝙝 𝙏𝙝𝙚 𝟳𝟬-𝟮𝟬-𝟭𝟬 𝙍𝙪𝙡𝙚.

Whether you are saving up to buy your first home or are already on the property ladder, understanding how to manage your money effectively is important for achieving financial stability, especially in the current environment.

A tried and tested method is the 𝟳𝟬-𝟮𝟬-𝟭𝟬 𝗿𝘂𝗹𝗲, which provides a straightforward way to allocate your income wisely, dividing it into three distinct categories.

So, in this week's update, we will delve into the details of the 70-20-10 rule and how you can start to regain control of your money.

Read on to find out more and please share this with anyone that may need a hand.👍

Cheers,
Kyle 📲021 638 464








Kyle's Weekly Finance Update 🏡💰 -

Kyle's Weekly Finance Update 🏡💰 How To Manage Your Money With The 70-20-10 Rule.

I'm back with to bring you our 𝙁𝙍𝙀𝙀 monthly 𝙋𝙍𝙊𝙋𝙀𝙍𝙏𝙔 𝙋𝘼𝘾𝙆 🏘️

This is jammed with information that will give you a jump on the market.

In this Pack You Will Get:

👉 Access to the latest property data and insights, brought to you by LoanMarket and Core Logic.

👉 Residential real estate and housing prices

👉 Changes in NZ property values

👉 National sales and listings data

👉 Lending and finance updates

👉 Rental rates

Our Monthly Pack uses detailed charts on the 𝙣𝙚𝙚𝙙-𝙩𝙤-𝙠𝙣𝙤𝙬 𝙢𝙖𝙧𝙠𝙚𝙩 𝙢𝙚𝙩𝙧𝙞𝙘𝙨 such as 𝙥𝙧𝙤𝙥𝙚𝙧𝙩𝙮 𝙫𝙖𝙡𝙪𝙚𝙨, 𝙨𝙖𝙡𝙚𝙨 𝙫𝙤𝙡𝙪𝙢𝙚𝙨, 𝙗𝙪𝙮𝙚𝙧 𝙢𝙖𝙧𝙠𝙚𝙩 𝙨𝙝𝙖𝙧𝙚 𝙖𝙣𝙙 𝙧𝙚𝙣𝙩𝙖𝙡 𝙜𝙧𝙤𝙬𝙩𝙝.

This is your 𝙤𝙣𝙚-𝙨𝙩𝙤𝙥 𝙨𝙝𝙤𝙥 for property and finance professionals as well as those interested in residential real estate, providing an in-depth overview of the New Zealand housing market.

Download yours TODAY! 👇

https://adviser.loanmarket.co.nz/kyle-reardon/additional-info-pages/june-property-and-market-update?preview=true

June Property and Market Update Why choose Loan Market? We’re not owned by a bank. We have access to over 20 lenders.

It was awesome helping these lovely clients into their own home

𝙒𝙝𝙖𝙩 𝙃𝙖𝙥𝙥𝙚𝙣𝙨 𝙄𝙛 𝙔𝙤𝙪 𝙈𝙞𝙨𝙨 𝙖 𝙈𝙤𝙧𝙩𝙜𝙖𝙜𝙚 𝙋𝙖𝙮𝙢𝙚𝙣𝙩?

Facing a missed mortgage payment can be a daunting experience, and it's essential to understand the implications and the necessary steps you need to take.

So in this week's update, I’ll walk you through what happens when you miss a payment on your mortgage, how you can manage this challenging time and prevent it from happening again.

Read on to find out more and please share this with anyone that may need a hand.👍

Cheers,
Kyle 📲021 638 464









Kyle's Weekly Finance Update 🏡💰 -

Kyle's Weekly Finance Update 🏡💰 What Happens If You Miss a Mortgage Payment?

Have you topped up your KiwiSaver to be eligible for the full $521.43 from the Government?

The DEADLINE is June 30 so get it done today in case the funds don't clear in time!

𝗖𝗵𝗲𝗰𝗸 𝘆𝗼𝘂𝗿 𝗰𝗼𝗻𝘁𝗿𝗶𝗯𝘂𝘁𝗶𝗼𝗻𝘀
Check the My IR section on the IRD website for your employee contributions. This way, if you have contributed less than $1.042.86, you can still top up your account and make up the difference.

Even if you are not regularly contributing to KiwiSaver you should try and take advantage of the annual Government contribution each year.

A 50% return on your investment is a good deal no matter where it comes from.

To receive the maximum amount, you must contribute $1,042.86 annually. The KiwiSaver year begins on the 1st of July and ends on the 30th of June, so if you miss out this time make sure you contribute $1,042.86 in this window next year.

Not sure if you're with the right provider?

Check out my digital advice tool - CLICK ON THE LINK BELOW to go through the process 👇

https://fs.kourawealth.co.nz/ref/101

Cheers,
Kyle 👍

📲 021 638 464

𝙍𝙀𝙉𝙏𝙀𝙍𝙎! 🔊

𝙏𝙞𝙧𝙚𝙙 𝙤𝙛 𝙋𝙖𝙮𝙞𝙣𝙜 𝙎𝙤𝙢𝙚𝙤𝙣𝙚 𝙀𝙡𝙨𝙚’𝙨 𝙈𝙤𝙧𝙩𝙜𝙖𝙜𝙚? 𝙃𝙚𝙧𝙚'𝙨 𝙔𝙤𝙪𝙧 𝙂𝙪𝙞𝙙𝙚 𝙩𝙤 𝙊𝙬𝙣 𝙔𝙤𝙪𝙧 𝙃𝙤𝙢𝙚 𝙄𝙣𝙨𝙩𝙚𝙖𝙙.🏡🥳

Navigating the journey from renting to owning a home can feel daunting, but with the right advice, figuring out how much of a mortgage you can afford becomes clearer.

In this week's update we take a look at how your rental payments can transition into covering a mortgage repayment, so you can get one step closer to paying your own mortgage instead of someone else's!

Read on to find out more and please share this with anyone that may need a hand.👍

Cheers, Kyle 📲021 638 464










Kyle's Weekly Finance Update 💰 -

Kyle's Weekly Finance Update 💰 RENTERS! Tired of Paying Someone Else’s Mortgage? Here's Your Guide to Own Your Home Instead.

Scam the Scammers!!

has come up with a brilliant way to scam the scammers...

In continued efforts to disrupt the scammer network, Netsafe has brought back ReScam.org, their cutting-edge AI tool designed to waste scammers time so they can’t target their next victims. 🙌

This innovative technology leverages the latest artificial intelligence measures to disrupt potential scams. It also educates users on the tactics used by cybercriminals in email scams.

Here's how it works👇

By forwarding your suspicious emails to [email protected], the system identifies scams and begins a never-ending conversation, wasting scammers’ time.👌

With multiple personalities and an ever-growing vocabulary, there’s no way for scammers to know they’re talking to Netsafe’s specialist scam baiting intelligence system.

So next time you get a phishy email, forward it to [email protected] and let the games begin!

Nice work 💯🙌

𝙎𝙀𝘾𝙐𝙍𝙄𝙏𝙔 𝙎𝙒𝘼𝙋𝙎: 𝘾𝙖𝙣 𝙔𝙤𝙪 𝙆𝙚𝙚𝙥 𝙏𝙝𝙚 𝙎𝙖𝙢𝙚 𝙈𝙤𝙧𝙩𝙜𝙖𝙜𝙚 𝙄𝙛 𝙈𝙤𝙫𝙞𝙣𝙜 𝙏𝙤 𝘼 𝙉𝙚𝙬 𝙃𝙤𝙢𝙚?🤔

Moving house can be a significant life milestone, yet it often comes with its own set of challenges.

Home loan portability, also known as a home loan swap or substitution of security, provides a convenient solution, allowing you to transfer your existing mortgage to a new property so you don’t have to go through the whole home loan application process again.

Read on to find out more and please feel free to reach out or share with someone that may need a hand. 👍

Cheers, Kyle 📲021 638 464






Kyle's Weekly Finance Update 💰 -

Kyle's Weekly Finance Update 💰 SECURITY SWAPS: Can You Keep The Same Mortgage If Moving To A New Home?

Good opportunity here for my South Auckland buyers!

Ammy Multani Real Estate

I'm proud to announce that we've just teamed up with to bring you a 𝙁𝙍𝙀𝙀 monthly 𝙋𝙍𝙊𝙋𝙀𝙍𝙏𝙔 𝙋𝘼𝘾𝙆 🏘️

This is jammed with information that will give you a jump on the market.

In this Pack You Will Get:

👉 Access to the latest property data and insights, brought to you by LoanMarket and Core Logic.

👉 Residential real estate and housing prices

👉 Changes in NZ property values

👉 National sales and listings data

👉 Lending and finance updates

👉 Rental rates

Our Monthly Pack uses detailed charts on the 𝙣𝙚𝙚𝙙-𝙩𝙤-𝙠𝙣𝙤𝙬 𝙢𝙖𝙧𝙠𝙚𝙩 𝙢𝙚𝙩𝙧𝙞𝙘𝙨 such as 𝙥𝙧𝙤𝙥𝙚𝙧𝙩𝙮 𝙫𝙖𝙡𝙪𝙚𝙨, 𝙨𝙖𝙡𝙚𝙨 𝙫𝙤𝙡𝙪𝙢𝙚𝙨, 𝙗𝙪𝙮𝙚𝙧 𝙢𝙖𝙧𝙠𝙚𝙩 𝙨𝙝𝙖𝙧𝙚 𝙖𝙣𝙙 𝙧𝙚𝙣𝙩𝙖𝙡 𝙜𝙧𝙤𝙬𝙩𝙝.

This is your 𝙤𝙣𝙚-𝙨𝙩𝙤𝙥 𝙨𝙝𝙤𝙥 for property and finance professionals as well as those interested in residential real estate, providing an in-depth overview of the New Zealand housing market.

Download yours TODAY! 👇

https://adviser.loanmarket.co.nz/kyle-reardon/additional-info-pages/may-property-and-market-update?preview=true

We've just heard the Budget Announcement...

Some interesting takeaways in there - but the main one I think my clients have been keen to hear about is the

The National led government have definitely delivered on their promise and the are bigger than expected.

You'll get an extra $5 - $135 per week depending on how much you earn and if you have any children.

Check out how much you can save on their 👇

https://budget.govt.nz/taxcalculator/index.htm

👉 And I wouldn't be doing my job properly if I didn't mention what you can do with those savings - even paying an extra $50 towards your mortgage every week is going to save you thousands in interest and knock years off your loan.

Here's an example:

$450,000 mortgage
28 years left to run
currently sitting on 7.24%

If you make additional repayments of $50 per week you will save approximately

$153,000 in Interest!

And..

Reduces your loan term by 4 years and 10 months!

So think about it and give me a buzz to work out how much you can save by putting that tax saving to work to help pay your mortgage off faster.

Cheers,
Kyle 👍

📲 021 638 464

𝙏𝙝𝙚 𝙄𝙣𝙨𝙞𝙙𝙚𝙧'𝙨 𝙂𝙪𝙞𝙙𝙚 𝙩𝙤 𝙈𝙤𝙧𝙩𝙜𝙖𝙜𝙚 𝘽𝙧𝙚𝙖𝙠 𝙁𝙚𝙚𝙨: 𝙒𝙝𝙚𝙣 𝙖𝙣𝙙 𝙒𝙝𝙮 𝙔𝙤𝙪'𝙡𝙡 𝙉𝙚𝙚𝙙 𝙏𝙤 𝙋𝙖𝙮 𝙏𝙝𝙚𝙢.💸

Break fees, also referred to as early repayment adjustments (ERA), are costs charged to borrowers when they repay or adjust their loan before the end of the agreed fixed term.

They commonly arise when refinancing, selling a home, or paying off a mortgage early.

Lenders impose these fees to compensate for the potential loss of interest they would have earned if the mortgage had continued as initially agreed.

Break fees can be complex and vary from one lender to another. Although it may not be possible to completely avoid break fees in certain situations, there are strategies you can employ to minimise their impact which I cover in this weeks update.

Read on to find out more and feel free to reach out or share with someone that may need a hand.👍

https://linktr.ee/kylereardon

Cheers,
Kyle 📲 021 638 464









Kyle's Weekly Finance Update 💰 -

Wednesday to My Awesome Clients 🙌

𝗗𝗶𝗱 𝘆𝗼𝘂 𝗸𝗻𝗼𝘄 𝘆𝗼𝘂 𝗰𝗮𝗻 𝗴𝗲𝘁 𝘂𝗽 𝘁𝗼 $𝟱𝟮𝟭.𝟰𝟯 𝗳𝗿𝗼𝗺 𝘁𝗵𝗲 𝗚𝗼𝘃𝗲𝗿𝗻𝗺𝗲𝗻𝘁 – 𝗲𝘃𝗲𝗿𝘆 𝘆𝗲𝗮𝗿?😲

One of the benefits of KiwiSaver is that you’re not the only one contributing to your retirement savings.

If you’re employed, your employer must also contribute at least 3% to your KiwiSaver account (though some choose to contribute even more).

But did you know that the Government also chips in?

Each year, if you're aged 18-64, the Government will add up to $521.43 to your KiwiSaver account.

𝙔𝙚𝙨, 𝙩𝙝𝙚𝙧𝙚 𝙞𝙨 $521.43 𝙪𝙥 𝙛𝙤𝙧 𝙜𝙧𝙖𝙗𝙨 💰

The Government's contribution is straightforward:

For every $1 you put in, the Government adds 50 cents.

To get the maximum $521.43, you need to contribute at least $1,042.86 annually

Are you eligible to receive this bonus?

To receive the Government contribution, you must:

➡️ Be aged 18-64
➡️ Live in New Zealand

Exceptions include: Government employees, people working as volunteers for charitable organisations, and people employed in a job that meets one or more of the requirements of the Student Loan Scheme Act 2011

𝗖𝗵𝗲𝗰𝗸 𝘆𝗼𝘂𝗿 𝗰𝗼𝗻𝘁𝗿𝗶𝗯𝘂𝘁𝗶𝗼𝗻𝘀

Check the My IR section on the IRD website for your employee contributions.

⚠️ 𝑲𝒆𝒚 𝑻𝒊𝒑: Make sure you check your contributions at least two weeks before the 𝟯𝟬 𝗝𝘂𝗻𝗲 𝗱𝗲𝗮𝗱𝗹𝗶𝗻𝗲.

This way, if you have contributed less than $1.042.86, you can still top up your account and make up the difference.

The bottom line is… don’t miss out on this great KiwiSaver feature.

By taking advantage of the KiwiSaver government contribution, you can significantly boost your retirement savings.

With your contributions, employer contributions and Government contributions – plus the power of compounding returns – your KiwiSaver balance has the potential to grow significantly over time.

𝗥𝗲𝗺𝗲𝗺𝗯𝗲𝗿: Every. Dollar. Counts.

Make sure you're making the most of this benefit.

If you need to Review Your KiwiSaver situation CLICK ON THE LINK BELOW to go through the process 👇

https://fs.kourawealth.co.nz/ref/101

Cheers,
Kyle 👍

📲 021 638 464

Government scraps the First Home Grant!

If you've gone through the system and been approved for a and you're out there looking for your first home - that approval can last up to six months....

⚠️ So you may want to kick your house hunting in to top gear before you miss out on using it!

There are a whole lot of houses for sale at the moment - some would say its a 🏡

I work with Real Estate Agents in many different areas who can help you find the right property, so reach out if you need a hand with this.

Cheers,
Kyle 👍

Government confirms First Home Grants to be scrapped But Housing Minister Chris Bishop has also announced $140 million in new funding for 1500 new social housing places from July next year.

𝙄𝙉𝙏𝙀𝙍𝙀𝙎𝙏 𝙍𝘼𝙏𝙀𝙎 𝙎𝙏𝘼𝙍𝙏𝙄𝙉𝙂 𝙏𝙊 𝘽𝙄𝙏𝙀 𝙔𝙊𝙐 𝙄𝙉 𝙏𝙃𝙀 𝙒𝘼𝙇𝙇𝙀𝙏?

If you’ve come off a low fixed mortgage rate or are just about to, and you’re worried about how you are going to afford the extra mortgage repayments, then please read on.

In this week’s update, I’ll walk you through some strategies to help you manage the impact of rising interest rates on your finances and put your mind at ease.

Cheers, Kyle 📲 021 638 464




Kyle's Weekly Finance Update 💰 -

Kyle's Weekly Finance Update INTEREST RATES STARTING TO BITE YOU IN THE WALLET?

Happy 💖✌️

Apparently I didn't get the memo....but I still turned up for the parade😆

Have a great Friday out there🤙

Today is and how special is it to have this message of support from my beautiful niece 💞✨