April 1, 2026
Smart Ways to Manage Your Construction Loan While Building
Building a home is exciting, but managing the finance behind it requires careful planning. Construction loans work differently from standard mortgages, and understanding how they operate can save you stress, delays, and unnecessary costs. Below is a practical breakdown of how construction loans work and how to manage them well from start to finish. How Construction Loans Work Unlike a standard mortgage that is paid out in full at settlement, construction loans are released in stages as your build progresses. These staged releases are referred to as progress payments. Typical construction stages include: Foundations Frame completion Lock-up stage Interior fit-out Final completion At each stage, your lender confirms that work […]
March 16, 2016
New Zealanders lack insurance on their most important asset
Ask the average person what their most valuable asset is, and it is likely they will reply that it is their home. In general, this is not true. The most valuable asset of any person under the age of about 50 is their future income.