Page 4 - December Newsletter papakura

Five Common Mortgage Mistakes

HAVING A LARGE CREDIT CARD LIMIT
Kiwis are often wrongly told that having a big credit card limit help their credit score. But a

big limit can be a problem, when you apply for a mortgage. Banks calculate how well you
can service your home loan. Now, they tend to consider 3% of the total limit of your loan

facilities as a monthly expense. That's even if you pay off your balance each month, & even
if you never use your card. That's because you might put debts onto that card in the future,
so they have to count it as one of your expenses. Be aware of this if the bank's assessed

you and you're facing "affordability issues". If in doubt, cut your credit limit right down.

Article from JUNO INVESTING Summer 2019

Don't forget, we are still taking

donations for the Papakura Anglican

Church for their food bank.

Please feel free to come and drop any of your
donations to our Papakura Branch on East
street and we will take it over to the church.

Here is a bunch of donations we recently took
over. If you would like to know the list of items
needed please email us and we can send it out
to you. Thank you in Advance.

We wish you all a very

happy and safe festive

season!

We will be available all

throughout the Christmas,

New Years and Summer

period if you wish to view

any of our properties or

get a Free Appraisal.