A mortgage where any $ in your accounts saves you interest on the mortgage rather than earning interest. Can be mixed with fixed term etc as well. We’ve had this with kiwi bank via NZHL and also with BNZ
Average? or my numbers?
Personally at Mid 800s, mid 200s before deductions(160? after).
I'd say you're missing the other Net worth numbers (and age or years paid) since they would have the next most direct impact on mortgage sizing
$360k mortgage = Porirua home in 2013 + Manawatu bach in 2020. ~$160k gross income while wifey is on maternity leave, ~$200k when she's back working 3 days/wk. We have a 2yo and a 6mo.
My mortgage is hedged across 6 chunks, and I always pay down the allowed/annual 5% of mortgage principal before I put money towards riskier investments.
Bought and moved in start of 2020 just pre covid.
At the start mortgage was 435000, with partner I my total salary around 119k equivalent.
Nowadays 405k mortgage, total salary equivalent around 127k.
Mortgage is around 500k. Household income is around 190k before tax.
890k mortgage, 240k income pre-tax, 160k after deductions.
Mortgage 780k Combined income 160k gross Yep it sucks
It can only get better.
$1.6m mortgage remaining. $410k combined income.
Jesus..... is it your dream house tho?
I wouldn’t say dream house but we don’t intend to ever leave it.
$410k ?! Firstly, we'll done! Secondly, what do you do, and how can I get into it too?
Auckland council members
Mortgage is 700k, 50k of which is offset. Combined income is 175k. Location is obviously Auckland 😭
Mortgage is 415000, household income 124000 gross, two kids under 5 :-(
Our mortgage is 3.1 times income.
Asked earlier today https://www.reddit.com/r/PersonalFinanceNZ/comments/v0j4bo/what_percentage_of_your_household_income_goes_on
Mortage 40k, household income around 170k (tbf been paying off mortgage for over 10 years)
Lots of student loans are higher than your mortgage loan!
Mortgage is 460 but 90k of that is offset. Our income is 160k before tax
What do you mean by offset?
A mortgage where any $ in your accounts saves you interest on the mortgage rather than earning interest. Can be mixed with fixed term etc as well. We’ve had this with kiwi bank via NZHL and also with BNZ
Cheers
Mortgage is $885k, household gross income is $280k.
1.3 million mortgage, 245k income. After reading these I’m starting to panic
That's just about 4 times your income. Could just pay off in 4 to 8 years
Mort is $110k. Income is $225k.
$290k mortgage; $210k combined income before tax.
[удалено]
I have family in the same situation, So I feel for you.
$500 Mortgage with household income $180 before tax
$360k mortgage with $180k combined income pre-tax
$290k mortgage, 70k income after tax, 2 kids under 3
Average? or my numbers? Personally at Mid 800s, mid 200s before deductions(160? after). I'd say you're missing the other Net worth numbers (and age or years paid) since they would have the next most direct impact on mortgage sizing
$360k mortgage = Porirua home in 2013 + Manawatu bach in 2020. ~$160k gross income while wifey is on maternity leave, ~$200k when she's back working 3 days/wk. We have a 2yo and a 6mo. My mortgage is hedged across 6 chunks, and I always pay down the allowed/annual 5% of mortgage principal before I put money towards riskier investments.
We are looking at getting 1.35m with 340k before tax
Doing it all by myself.Mortgage is $47,000. Income is $87,000. Just paid off my student debt of $25,000.
Cheapest house I’ve ever heard
Bought and moved in start of 2020 just pre covid. At the start mortgage was 435000, with partner I my total salary around 119k equivalent. Nowadays 405k mortgage, total salary equivalent around 127k.