It aims to tackle hindrances to homeownership
Property investment company Opes Partners has released a new guide to mortgages, which focuses on hindrances to homeownership.
Opes Partners said it noticed many young first home buyers who are unable to become first homeowners – bringing to light last year’s KiwiBuild reset documents that identified a number of issues hindering young Kiwis from getting into their first homes.
The Epic Guide to Mortgages, a 9,500-word long-form article, shows both how to get a mortgage and then pay it off more quickly.
“Banks are great at advertising low-interest rates, but they are very poor at explaining basic financial concepts and educating consumers about the products that they sell,” Andrew Nicol, managing director of Opes Partners, said.
He noted New Zealand’s shocking financial literacy, a problem that the property investment company is determined to address.
“Late last year, we released our Epic Guide to Property Investment. It's been so successful that we wanted to bite off an even bigger challenge. Although this guide is a bit shorter (for now), it's taken significantly more research,” Nicol concluded.
