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 worksWho 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 ratesHow and why Simplicity is able to offer lower cost mortgages to its KiwiSaver members buying a first homeEligibility 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. --- Please help us share the good word (and make Kiwis richer and smarter with money) - the more we grow, the more good we can do %) Don't forget to follow, subscribe and rate the podcast if you found it useful! Find us: Instagram Facebook LinkedIn 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.