Since the government introduced the interest deductibility rule early this year, we noticed some aspects of home loans that people need to be aware. If you don't do them correctly, you may end up paying more tax, or your accountant may have a headache when they prepare your financials at the end of the financial year.

That’s why in this episode, we're going to cover three tips to help you work out how you can manage your home loan structure that best conform your situation and be tax efficient.

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Topics Covered:

Tips 1: Offset VS. Revolving account 01:02

Tip 2: Don't combine your loans, especially for the rental property loans 05:56

Tip 3: How to wisely use a lump sum money to repay loans – if you do not wish to use the money for something else to purchase a new property 06:56

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Prosperity Finance – here to help

If you would like to get more tailored advice, please feel free to get in touch. We are happy to review your situation and let you know how we can help. Call us at 09 930 8999 or email [email protected] for a chat with one of our mortgage advisors.

As mortgage brokers based in New Zealand, we can help you to achieve your financial goals. No matter you are a first home buyer, property investor, or looking for buying a commercial property, or if you are a construction builder or developer, we're here to help.

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Website: https://prosperityfinance.co.nz/

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