In this episode of Money Made Simple, Liv welcomes a new guest to the show - Dan Maguire, Simplicity's co-head of lending. Liv and Dan chat all about mortgages in New Zealand. They break down exactly what a mortgage loan actually is, how they work, and de-mystify the different types of mortgages you may hear thrown around by home owners and investors alike!

This week's episode covers:

• The simple mechanics of how a mortgage works
• Who offers them (and who can get one)
• The main different types of mortgages you can take out (we explain the nuances - offset, table, revolving credit; all the jargon!)
• The in's and out's of fixed and floating rates
• How and why Simplicity is able to offer lower cost mortgages to its KiwiSaver members buying a first home
• Eligibility requirements for Simplicity first home loans

Resources we mention in this episode:
Sorted.org mortgage calculators
Interest.co.nz borrowing hub
Moneyhub mortgages comparison

The subject of mortgages can seem convoluted and tricky, we know. So hopefully by the end of this episode you'll have a clearer idea of how they work, what you need to do to get one, and what kind of mortgage may suit your needs (either now or in the future)! You'll also know more about Simplicity's low-cost first home loans.

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Disclaimer: This podcast contains personal opinions and is intended to provide educational information only. It doesn't relate to your particular financial situation or goals and is not financial advice or recommendations. Simplicity New Zealand Limited is the issuer of the Simplicity KiwiSaver scheme and investment funds. For product disclosure statements please visit Simplicity's website simplicity. kiwi.