72. An inheritance goes a long way!
The Happy Saver Podcast - Personal Finance in New Zealand
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The Importance of Taking Advice From a Financial Advisor
Will and Priya were given $200,000 to buy their first home in Auckland. They sought the point of view from a financial advisor called Dassie Angaro. He was advocating that based on their deposit and incomes, they could spend up to $1.5 million. In 2018, they ended up purchasing a home for $1,065,000,. borrowing what feels to me the enormous sum of $852,000. The bank now values their home at about $1.4 million. Will said it would have been nice if their financial advisor had told them about other ways of structuring their mortgage such as using Revolve and Credit.
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