Ever wondered what it takes to navigate the ever-changing landscape of mortgages and finance? Join me as I chat with Craig Pettit, a seasoned advisor with over 45 years in the trenches. This isn't your average dry financial talk. Craig's journey, from a young bank employee to a successful mortgage advisor, is packed with fascinating experiences and valuable insights. We'll delve into: • The rollercoaster ride of economic climates: Craig will share his firsthand perspective on navigating various economic ups and downs, offering unique insights into the past and a glimpse into the future. • Taming the interest rate beast: We'll explore the complexities of fluctuating interest rates and Craig's expert strategies for helping clients weather the storm. • Unlocking the secrets of the New Zealand economy: Craig sheds light on the factors that make New Zealand's economy tick, discussing the banking system, property market, and the impact of changing interest rates on individuals. • Beyond the numbers: personal anecdotes and investment wisdom: Get ready for a captivating blend of personal stories, practical advice, and Craig's investment strategies for navigating the current financial landscape. Whether you're a seasoned investor or just starting out, this conversation is packed with valuable takeaways to help you navigate the world of finance with confidence. So, grab your favorite beverage, buckle up, and get ready for an insightful and engaging discussion with Craig Pettit! 00:00 Introduction 00:13 Career Journey and Experiences 01:48 Reflections on Family Life and Moving Around 02:33 Insights into the Railways and Banking Industry 03:59 Changes in the Banking Industry and Technology 04:57 Government Involvement in Banking and Private Enterprise 05:38 Perspectives on Home Loans and Customer Characteristics 06:18 Thoughts on the Banking Industry Setup 10:15 Personal Career Journey and Transition to Mortgage Advising 10:56 Observations on the Banking Industry and Credit Scores 13:31 Discussion on the U.S. Economy and Currency 15:44 Insights into the New Zealand Banking System 18:10 Understanding the Impact of Inflation and Unemployment on Interest Rates 20:58 Reflections on Generational Differences and Property Investments 31:10 Advice for Navigating the Current Housing Market 42:29 Final Thoughts on the Robustness of the New Zealand Economy