Auckland Mortgage Brokers

The benefits of mortgage restructuring

When it comes to mortgages, most people want to get rid of them as quickly as possible. However, navigating the complex world of home loans and finding the right strategies can be challenging. But with a little help and the right advice, you could restructure your home loan with better interest rates or a shorter loan term which could result in huge savings over the life of your mortgage.

Aseem Agarwal, Head of Mortgages at Global Finance in Auckland explains, “Through loan restructuring, homeowners can make additional payments towards their principal or opt for shorter loan tenures. These strategies accelerate the equity-building process, enabling borrowers to build a valuable asset that can support their long-term financial goals.”

So, let’s look at the benefits of loan restructuring and how doing it well can mean financial freedom sooner.

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The benefits of loan restructuring

Restructuring your home loan is all about finding ways to pay off your mortgage more quickly than the standard 30-year term offered by the banks. It is a proactive approach that puts you in charge of your financial well-being.

By keeping on top of your mortgage, rather than leaving it in ‘set-and-forget’ mode, you can work to find the correct combination of fixed and floating interest rates and select the right terms for the fixed portion of the loan thereby saving loads of money in interest repayments.

Empowering homeowners

Loan restructuring can give you a sense of control. By adjusting the terms and conditions of the loan, you can have greater financial flexibility, enabling you to better manage times those financially tricky times and get to where you want to go faster.

As Aseem says, “Loan restructuring empowers homeowners by tailoring their mortgage to suit their financial situation. It allows borrowers to regain control over their repayments and adapt to changing circumstances, such as interest rate changes, job loss or unexpected expenses.”

Opportunity for lower interest rates

You can take advantage of prevailing market conditions by refinancing your mortgage or negotiating a lower rate with your lender. This can be especially beneficial for homeowners who took out their mortgages when interest rates were higher.

Leverage the power of fixed and floating rates

This strategic approach allows you to take advantage of favourable interest rates. Fixed rates provide security by locking in an interest rate for a specific period, shielding you from potential rate hikes. Whereas floating rates offer flexibility and the chance to take advantage of potential interest rate drops.

By finding the right balance between fixed and floating rates, Global Finance can help you optimise your mortgage structure. “By carefully analysing your financial situation and market conditions, we determine the ideal split between fixed and floating rates. This approach offers stability and flexibility, ensuring you can effectively manage your mortgage repayments while working towards early mortgage repayment,” explains Aseem.

Reduced monthly payments

If you need to free up funds for other essential expenses, loan restructuring can mean reduced monthly mortgage payments. This can be done by extending the loan term, adjusting the interest rate, or modifying the repayment schedule. As Aseem points out, “Restructuring can alleviate financial stress and improve borrowers’ overall cash flow.”

Improved debt management

Use your mortgage for debt consolidation. You can restructure your mortgage to include credit card debt and personal loans. By incorporating these debts into a single payment, you can simplify your financial management, as well as potentially benefit from lower interest rates associated with mortgages.

Leveraging equity

Another significant advantage of loan restructuring is the ability to leverage equity. Home equity is the difference between how much your home is worth in today’s market and how much you owe on your mortgage. As you make mortgage payments, your mortgage principal reduces, and you build home equity. “By restructuring their loan, homeowners can unlock the potential of their equity”. You can tap into accumulated equity to access additional funds for things such as home improvements, debt consolidation, or investing in other ventures.

If you bought your home with less than a 20% deposit, for example, and you’ve built up equity in your home, you may be able to use that equity to negotiate a new mortgage. With a smaller deposit, you may well have been paying above-market rates for your home loan. Now, your home may be worth more than when you bought it. Therefore, your equity in your home will also have increased, making you eligible for more favourable mortgage terms.

Loan restructuring offers numerous benefits for homeowners

It is a valuable tool that can help homeowners be adaptable. Restructuring your home loan can help you regain control over your mortgage obligations, improve cash flow management and leverage equity.

As mortgage advisors at Global Finance, we understand the importance of personalised solutions. For restructuring to work for you, a number of factors need to be carefully considered. Here are the main ones we take into account under our Mortgage Genius Plan:

Assessment of income, expenses, and potential savings: This analysis helps identify areas where savings can be maximised and potentially allocated towards mortgage repayments.
Consideration of current and projected interest rates: Interest rates are a critical aspect of any mortgage. Using our expertise and leveraging our relationships with lenders we hunt out the most competitive rates available.
Splitting of the loan into portions: We would advise on the optimal allocation of your mortgage between fixed and floating interest rates.
Evaluation of anticipated financial commitments: Understanding your near future financial commitments, such as upcoming expenses, potential income changes, or other financial obligations that may impact your ability to meet your mortgage repayments comfortably is crucial.

A customised restructuring plan

“With our Mortgage Genius Plan, we aim to empower homeowners with the tools and expertise needed to pay off their mortgages faster. By combining our knowledge, experience, and personalised approach, we are committed to helping you achieve financial freedom.” – Aseem Agarwal, Head of Mortgages at Global Finance.

If you are a homeowner seeking to optimise your mortgage, then reach out to our team of experts. Together, we can explore your options and help you take charge of your financial journey.

The information and articles presented in this blog are meant for knowledge and information sharing purposes only. They do not constitute personalized financial advice. We strongly advise you to seek tailored financial advice based on your specific needs, goals, and circumstances before making any financial decisions.

Benefits of Interest-Only Mortgage in New Zealand

Interest-only home loan is very common term in the mortgage industry. It involves a client taking a loan, and they are required to pay the resulting just interest on that loan first for a given period. The principal will be repaid either in subsequent payment or in a lump sum at a specific date. Many brokers suggests customer take these advantages if customer has a bit of hardship to repay.

Basically in this type of loan, for the initial repayment period or years, only the interest is paid as opposed to the norm where you pay both the interest and principal at the same time. These interest payments could be made throughout the entire loan period or for a specific time. The good thing with interest only mortgage repayment is that you will be making lower payments for some time, which could mean you can invest your money
somewhere else in the meantime.

In this blog, I am going to write some of the advantages of having an interest-only loan.

Advantages of Interest-only Mortgage

Low monthly payments: If you have this facility, you need to pay low monthly payments which allow you to have a holiday or make a different financial plan. A person servicing an interest-only mortgage usually pays low repayments for the loan. That is because they will be servicing only the interest, which is, of course, not high. The other bank
loan repayment strategies involve repayment of the principal and interest at the same time. Thus making the monthly installments high as compared to the interest-only loans.

Investment strategy: It is a very important & useful technique for an investor. He or she can plan or have implemented different investment strategies. For a person that has a growing stock portfolio in any financial industry, they would not be willing to let go of their investments to finance the home loan. You could also be having sufficient cash flow to repay the loan, but you plan on saving it for retirement purposes or want to invest in equity. It will be convenient in such scenarios. With this kind of loan, you can even start another business that will grow and service the loan from the profits. The loan structure gives you ample space and resources to engage in other income-generating ventures as you still repay the interest first.

Rising income: Everybody wants to increase their income. Well, taking a loan as a student would be overwhelming since all your cash is spent on tuition. However, if you just cleared school and already secured a job where you are sure of a paycheck every month, then you can take this mortgage and save yourself the home purchase cost.

You can find a bigger house: This loan option will be beneficial if you are expecting lots of cash flow in the future. However, you should also assess whether the home you are planning on purchasing can be easily financed now before you receive the huge lump sum in the future. The loan payments will shoot afterward, and you will have to remit more copious amounts.

Pay scheduled Equity: Many of the interest-only loans will not restrict you from adding cash on the interest repayment to reduce the principal money. Such as act will lower the payment afterward when repaying the
principal. It is helpful when the guarantor has varied income every month. That means that in some months you can pay less than the required while in some you pay more.

Rising housing prices: In New Zealand market, house pricing is increasing day by day. In increasing market prices for houses, several investors will take in the interest only option and purchase the property. They will then sell that property after a few years before the principal
repayment period. They will make some profit from such an investment. However, this is ideal for investors who are risk takers and can take any setbacks that may occur in future. Supposing the house prices do not hike and you fail to secure someone to purchase the home? You could end up selling it at a loss or being declared bankrupt since you were unable to finance the principal.

Faster repayment: When you pay further installments, they go to the principal. That means that when paying the principal, you will pay in less monthly installments, but for the other loans, even if you overpay
some payments, the monthly installment for the principal is not reduced in any way. With reduced monthly installments you are sure to even continue overpaying the installments. Hence you will have an easy time repaying the loan as you service your other investments.

Using overseas income for an NZ mortgage

Over the past decade, New Zealand’s housing market has been in a state of flux – to say the least! Property prices have shot up all over the country, and are continuing to rise – and are some of the most expensive in the world.

Recently, we’ve seen broad changes around who can buy and sell property in New Zealand. Generally, you’ll need to be a citizen or a permanent resident to buy a property, although there are some exceptions. Lending rules have changed as well, with most banks and lenders requiring higher deposits and anti-money laundering rules adding more hoops to jump through. To put it mildly, it’s a complex market and even trickier if you’re living overseas, or earning money from international sources. It will be a great idea, if you find a good mortgage broker in Auckland while applying for home loan by using your overseas income. A good mortgage adviser can help you to explain current lending criteria & help to prepare all documentation.

So, can you use international income to qualify for a loan in NZ? The answer isn’t straightforward.

Can you buy a house with money from overseas?

In this digital age, you can be living in one country and earning some or all of your income from another. While that has implications on your tax payments, it’s still fairly simple to use that income to qualify for a home loan in New Zealand. The banks will be interested in three things: how much you earn vs how much owe and spend, how much cash you have saved, and how secure your income is. If you’re a contractor earning from international clients, banks may see your income as less secure than if you’re employed by an international firm, for example. There may be some added complexity in proving your income in a form that the bank is happy with, but any excellent mortgage broker will be able to help guide you through the process.

What if I’m living overseas?

If you’re a citizen of NZ, Australia, or Singapore, you can legally buy here while you’re still living and working overseas, but getting a loan may be much more difficult. Many banks and non-bank lenders have tightened their rules around lending to non-residents with non-NZ income. You’ll generally need a larger deposit – at least 30%, so your borrowing power is drastically reduced. You’ll also need to be earning from a salary or wage, not from self-employment.
Even with those boxes ticked, some banks will still say no. Westpac, for example, will no longer lend to non-resident borrowers with overseas income.

How to buy a house with international income?

If you’re living in NZ and earning money from overseas, the simplest way to get into a property is to talk to a great mortgage broker. Lending criteria of the major bank and non-bank lenders change almost daily, so approaching each directly could mean a lot of paperwork, and a lot of disappointment! A mortgage broker will understand which banks will still be happy to lend to you, and which won’t. They’ll also advise you on how to package up your financial information to present the best view to the bank and help you sidestep potential issues that could get in the way of the big ‘yes’ stamp.

Consult an expert

Property values rising, money-laundering rules, residency in another country, proving your overseas income is secure – these are some of the complexities you’ll face when you want to buy a home in New Zealand with overseas funds. You can still do it if you tick all the right boxes and satisfy your lender that you’re worth the risk.
But why put yourself through the stress, when a mortgage broker can smooth the way for you?

Talk to Global Finance today about how to turn your overseas funds into a home.

How to find a good mortgage broker in Hamilton, Waikato

Are you planning to buy your first home? Don’t know from where your need to start. In this circumstances, you may find a good & reliable mortgage broker or agency. A mortgage broker is someone who is incredibly important in this, they are able to secure good deals in an investment everybody is after, properties. They listen to what the individual requires and find a deal suited to their needs.

As we know that, global economy is very unpredictable, so it is vital to find people in the financial industry that can assist and guarantee a good deal to the best of their abilities.

Buying a house can be a daunting task, especially if it is your first. Using these 5 principles when finding a broker would go along way in finding one that is the right fit for you.

Ask around for recommendations, we are fortunate in this age to have access to a large amount of people through social media, ask around for recommendations . It is an efficient way to find a reliable & honest loan broker. Ask your friends & family or ask your local community people regarding loan broker. If you are connected with different social community or forum, ask them as well. Listen their experience & process while applying home loan or business loan. If you looking top mortgage adviser near Hamilton, you may check Auckland based broker as well. According to recent research, i found, there are 100+ mortgage broker in Hamilton. Beside, there are a few agency provide offshore consultancy for Hamilton clients as well.

Personal or financial data is very confidential. Be careful of handing out your personal details, you may make way for unsolicited mails.

We are living in a finest & modern age. You can easily do research regarding mortgage adviser or any business online. Research the brokers by searching the internet for reviews, they may even have a social media presence for you to monitor. They all have portfolios, so this is something you can and should ask for. The term don’t put all your eggs in one basket has merit.

According to expert, it is handy to get 3 or 4 mortgage rates quote from different advisers agency. It might gives you clear indication regarding your loan rates or marketing standard. Set up interviews with at least 3 brokers. Schedule them as close together as possible so the information from all 3 is still fresh in your mind while making your decision.

Make a list of questions to take along with you. Look for a broker who is able to ask more questions than you would think of. The more information they have on you, the easier it will be for them to find a deal best suited to your needs.

Deciding on a broker that you can trust is vital in a successful purchase, you must feel at ease with the decision and be confident that your broker is the best one for you.

Now that you have found your trusted broker, here is how to deal with them.

Every broker needs a license to operate, ensure this is the first thing you see to validate that he is authentic.

Ask your broker about the application process, this will then inform you if there is anything left that you need to do before the process officially starts. Ask them to explain the terms that you may not understand fully.

Your broker needs to know your budget, which will include all the relevant fees, ask them to explain the rates, fees and points applicable, as with every working person, they must earn an income.

You need to know what the fees for your broker are going to be. Whatever your credit score is, it is important to know what this means for you in your property investment. Be sure to get this information from your broker. Ask them information about the loan, and for them to explain it fully.

Ask your broker to give you the information to compare on your own while he does the same.. This gives more opportunity for you to ensure the best deal is yours. Be sure to read the fine print and all documentation carefully. Buying your home does not need to be as scary as it seems, following these steps to finding yourself a quality mortgage broker will put you well on the way to a great investment.

Customers Drive Business Expansion – if you listen to them

Many businesses talk about customer centricity, but few genuinely listen and act on their customer feedback. There are many ways in which you can gather feedback, with the most common being a survey. But surveys are often part of the problem for two reasons that can lead to a downward spiral in customer engagement.

When customers take the time to provide the business with feedback, there is seldom an acknowledgement let alone any meaningful response back so customers don’t know if they have been heard or valued for their efforts to make the business better.
Often the consequence of the first reason, is poorer and poorer response rates over time. It follows that if the customer makes an effort to give the business feedback and there is no response to the feedback and no action, then over time the customer will stop responding and their engagement with the business is also likely to decrease.

It should seem incredible to any business that an average survey response rate of 33% is acceptable (https://surveyanyplace.com/average-survey-response-rate/ ) with more typical response rates being nearer 20%. Survey Cynicism is contagious, and it is possible that you have had a case of it yourself. The symptoms are displayed as increasing negativity towards the business survey supported by comments such as “they don’t listen, respond or act so why should I bother when this business over here seems more interested in what I have to contribute”.

Any truly customer centric business will gather feedback not for the sake of the data but to help strategically shape the business expansion in line with the customers it has and the other ones like them it wants to attract. After all, what sustainable business can survive without happy customers where customers have choice?

Global Financial Services is one of leading mortgage broker agency in Auckland, New Zealand. We won over 40+ award for financial & customer services. Global Finance is one business that seeks customer feedback through it’s annual Customer Satisfaction Survey and not because it wants any congratulations for a job well done. The repeat business and existing client referrals are evidence enough. But because the survey provides the opportunity to draw insights from the feedback about what it can do better and what it isn’t doing yet that would be desired by the people the business serves.

In November Global Finance opened a new branch in Henderson. This decision, the huge amount of planning, resourcing and execution can all be traced back to feedback from the annual Customer Satisfaction Survey when customers told the business they wanted to see Global a lot more local. Next is Manukau. So, our advice is to listen to your customers; they will expand your business.

And if you are near one of our branches, come in and see us. We are here to listen. Global Finance – Your best interest.

A little about us :

Global Finance Limited is one of the leading mortgage and insurance agency in Auckland, New Zealand. We are highly respected, trusted and awarded agency. We have been helping kiwi families to reach their dream for 19+ years.

Benefit of local mortgage adviser in West Auckland, New Zealand

A good mortgage advisor can find the best rates on behalf of you. Most importantly, they can help you to pay off your loan faster. Finding the right home loan or business loan that suits your financial status might be difficult especially when you have tight schedules and budget. You might thus be required to enlist the services of a financial advisor. This is someone who has been certified by the Financial Services Authority (FSA) to offer financial advisory services on behalf of their financial institutions. They always have wide skills and information relating to the various types of loan offered in the market. There are different categories of loan broker available in New Zealand. Some of the advisor work as independent and some of the advisor work through the agency. It is very important to find a good broker especially local. If you have a local adviser, you can easily pop into their office and discuss your financial circumstances and seek the best advice based on your need. In the West Auckland area, you must find many advisers who have a very good reputation in this industry for a long time. Global Financial Services Limited is one of them. If you need mortgage advisor in West Auckland, you can meet with Ravi at Global Finance. In this article, we will show you the benefits of a local mortgage advisor as discussed below.

1. Mortgage Comparisons

It is very important to find the best deals. We might be very busy with our daily life or job. It could be hard to pop in all banks to compare best interest deals. A local mortgage advisor will quickly explain the various types of loans provided by the financial institutions. This saves you the time of having to research them by yourself. You won’t also have to travel to the bank to inquire about them. He or she will be in a position to show you the best among the various options available.

2. Flexibility

60% people think, it is very flexible to deal with the mortgage advisor. Most of the adviser work after hours or on weekend. Since he or she is situated in your community, they are very flexible hence they can come to your location anytime you want. They can also make appointments with you during weekends and off-duty hours. This ensures that your business or schedules remain uninterrupted.

3. Finding a mortgage

With a local mortgage advisor, you won’t have to go out looking for a mortgage. This is because he or she is in a position to source a mortgage using software such as Trigold and Mortgage Brain. This will save you time and ensures that you have a variety of options unlike if you had done it on your own.

mortgage-advise-henderson

4. Acts as a link between you and the lenders

A local mortgage advisor will facilitate your transactions with the mortgage provider. He or she can speak with the lenders on your behalf to inquire about the options they offer and the conditions of the offer. He or she can also complete application forms on your behalf and deliver them to the lender as well as talk with estate brokers to confirm specifications of the loan.

5. Specialist advise

A mortgage advisor has a wide knowledge of the types of mortgages. He or she can thus explain to you in detail the pros and cons of each option available. This ensures that you make an informed decision. Besides, he or she can weigh your financial status against the option you have chosen so as to help you determine if you are in a position to repay the loan.

6. Records keeping

With a local mortgage advisor, you won’t have to keep records relating to the mortgage. He or she is in a position to keep records on when the mortgage deal will come to an end and on the regular repayment dates. They will contact you each time a repayment is due hence helping you to avoid default charges. Nowadays, mortgage agency uses high functional CRM system which can record your financial details. It can be handy to get further financial help based on your needs.

7. Up to date information

Another importance of having a local mortgage advisor is that you will be kept in the loop on new developments such as changes in legislation covering mortgages and macroeconomic events that may lower or raise the price of the mortgage.

8. Insurance advise

90% financial broker affiliated with other insurance brokers. So, you don’t need to seek to other offices for your insurance need. It can be one store service for your loan and insurance needs. You will always want to cover your property against any unforeseen events such as fire or burglary. Getting the right insurance cover is thus very important

With a local mortgage advisor, you won’t have to worry about this. He or she will be able to source you a cheap and suitable insurance cover.

As you have seen, there are various benefits that come with having a local mortgage advisor. These include specialist advice, insurance advice, records keeping etc. You should, therefore, hire one so as to be able to make the right choice as far as the mortgage is concerned. Trust me, getting a local mortgage advisor will save you a lot of unnecessary costs!

To sum up, mortgage broker affiliated with the bank or other private lenders. They get commissions from bank or leaders. So, you do not need to pay any service cost. It can be a wise decision to take professional advice as it is completely FREE

Review On Global Financial Services

Who we are

Global Financial Services Limited (GFS) is one of New Zealand’s leading mortgage & insurance advisers. GFS was established on 5 March 1999 and has been successfully operating for more than 19 years.

Mega Financial Services Limited (MFSL) is a group company and deals with the customers of GFS.

GFS is a Registered Financial Services Provider and its consultants are Registered Financial Advisers under the Financial Advisers Act 2008.

The company’s philosophy is to keep customer’s interests first and act with integrity. The company seeks long-term relationships with all its customers. The company focuses on our core skills and expertise and to achieve this we focus only on providing opinion in the areas of loans and personal risk insurance.

Commencement of Business in New Zealand

5th Mar 1999 – In the name of Global Financial Services Ltd. It deals with banks, lending institutions and insurance product providers.

4th July 2005 – In the name of Global Business and General Insurance Ltd. It has a contractual agreement with GFS to access general insurance product providers to meet only the general insurance needs of the customers (such as house, contents, car, boat, building and business insurance).

6th April 2010 – In the name of Mega Financial Services Ltd. It deals with all customers of Global Financial Services Ltd. It has a contractual agreement with Global Financial Services Ltd to access product providers to meet lending and personal risk insurance needs of the customers.

What we do

Global Financial Services Limited is awarded top mortgage advisors agency in New Zealand. We do provide financial & insurance services. Some of our core services are :

1. Mortgages.
2. Interest Saver Plans – also known as restructuring plans these are tailored to you and targeted at getting you mortgage-free sooner, based on your capacity to repay your mortgage.
3. Business Loans.
4. Commercial Loans.
5. Insurances – Life, Trauma or Critical Illness, Total and Permanent Disability, Health, Income Protection, Mortgage
Protection and Business Protection Insurance.
6. General Insurance – Home, Contents and Vehicle Insurance.

We have successfully arranged about $4 billion of housing, business & commercial loans since our beginning. Our current loan approval rate is approximately 95%.

How we do it

Global Financial Services Limited has two divisions:
1. Loan / Mortgage Division 2. Insurance Division

Each division is managed by qualified, experienced and friendly staff who are Registered Financial Advisers under the Financial Advisers Act 2008. GFS is equipped with the latest technology to manage its business. It includes our own custom built Customer Relationship Management system, VOIP telephony, Voice Recording System, industry recognized software applications for
insurance product comparisons, etc.

GFS has an agent-principal relationship with the following lenders & insurance companies:

Lenders:

•ANZ Bank New Zealand Ltd
• ASB Bank Ltd
• Westpac NZ Ltd
• BNZ Bank
• Sovereign Home Loans
• Co-operative Bank
• TSB Bank
• SBS Bank
• Resimac
• Heartland Bank

We can place business with other lenders also such as Kiwibank, Liberty Finance, ASAP Finance, Mortgage Trust Holding Ltd and few other private financial companies.

We strongly recommend that you should borrow only that much amount which you can repay without facing any hardship. To know more about different types of loan products, their suitability to your needs and how much you can afford to borrow please refer to the New Zealand Government’s website www dot sorted dot co dot nz If you need any further clarifications, please feel free to refer
your questions to us in writing.

Insurance Companies:

• AIA New Zealand Limited
• Asteron Life Limited
• Sovereign Assurance Company Ltd
• OnePath Life (NZ) Limited
• NIB
• Partner’s Life Limited
• Fidelity Life Assurance Company Limited
• AMP General Insurance
• AMP Life Insurance
• Southern Cross Health Society

For more information:

Contact Details
Physical Address: Kudos Business Centre, 19/203 Kirkbride Road, Airport Oaks, Auckland.
Mailing Address: PO Box 24 087, Royal Oak, Auckland
Phone Number: 09 255 5500
Fax Number: 09 255 5588
E-mail: info@globalfinance.co.nz

Best Ways to Find Mortgage Advisors in Auckland, New Zealand

A mortgage is a debt instrument, secured by a specified real estate property, that the person borrowing pledges to pay guided by some set of agreements on payments. They are usually used by both individuals and enterprises to invest in large real estates without paying the whole amount beforehand. For a long period, the borrower pays back the loan, together with interest, until the property becomes his/hers for good. Mortgages can as well be described as “liens against property” as well as “claims on the property.”

In the event that the borrower fails to pay the mortgage, the bank can ban the agreement. In order to secure affordable mortgage, it is advisable to seek advice from a finance professional therefore it is necessary to find a good finance expert. I personally believe that financial broker is usually very important even if you already have some prior expertise in mortgage since it’s not healthy gambling with finance.

In New Zealand, most of people prefer to get home loan or business loan for buying property. Beside, Most of New Zealand based banks or lenders offer good interest rates for mortgage. It is highly advisable to deal with experienced & reliable mortgage advisors in New Zealand. According to recent statistics, there are lots of independent & financial agency have local and highly experience brokers who can guide you to get home or business loans.

In this blog, i am going to point our benefits of having good mortgage professionals. The following are some of the factors to consider while getting a good financial advisor.

1. Have a high credit score: Financial credit score is very important to get approval. A good brokers can tell you about your credit score or guide you to improve score. When you have a high credit score, you will have a high bargaining power and this makes it easy for you to get financed.

2. Need to build a relationship: Each task need some professional skills set. If you get financial advise from professional, it might help you to be organized while applying for home or business loans. It is good to have someone who understands your financial background. Someone who takes time to know you and your goals provides a sense of security and more information about you that you didn’t have.

3. Literature review: It is good to do some research in order to be able to know the rates offered by various lenders. This would enable you to go to the cheapest lender, ie whose interest rates are low. In New Zealand, there are many local & international banks & lenders offer mortgage with different rates. A good and experienced brokers can find best interest rates for your business or home loans.

4. Advisors Service details: It is necessary to ask the relevant questions especially on the requirements, fees such as costs outside the interests and the initial amount, ie the principal. Otherwise you may be shocked when its late that there were some hidden charges you never knew before. In New Zealand, most of brokers offer fully free consultancy. They normally get paid commission from banks or lenders. It might be handy to know all terms and conditions while dealing with brokers.

5. Mortgage Services: Financial services are bit complex and critical. It might be hard for a person to know best loan stricture based or his or her financial circumstances. However, a good broker can guide you and help to choose best mortgage services and rates based on your financial circumstances. There are a number of mortgage plans which are only understood by mortgage advisors. Get a good advisor who understands you well and who will select the best mortgage plan for you. You need also to be per-approved for you to find it easy when soliciting for funds.

Last couple of years, i saw that many people struggle while choosing right broker. They normally do some common mistakes while choosing broker in New Zealand. The following are some of the mistakes while having mortgage for home & business :

mortgage-mistakes-nz

1. You should lock your mortgage rate: It is very important to lock your mortgage rates. If you don’t lock your mortgage rate it might go up before you clear your debt thus resulting into you paying more than you anticipated. Some people may do mistake while choosing broker who has not enough knowledge about recent & lowest mortgage rates.

2. Avoid mortgage late payments: Many people avoid mortgage late payments in New Zealand. Even if your score is just enough to meet the laid down guidelines of underwriting, making late payments affects your credit reports and thus might disqualify you from getting funds with many financial institutions. So, we need to be very careful while dealing with home or business loans in New Zealand.

3. Not knowing your financial ability: Very few people do bit research on their financial ability for repay or deal with loans. Many newbies tend to apply for more than they can afford. This usually leads to disqualification. In this point, i should recommend to find good brokers

4. Limited employment History: It is important to have suitable work history for getting mortgage approval. Switching jobs just before applying for a mortgage affects your ability to be financed since the lenders require stability that leads to the ability to pay back loans. Therefore, avoid switching jobs unless it is in the same field such as a doctor.

5. Failure to shop around: If you get a mortgage before you shop around, you are doing yourself injustice. Just like any other product you need to move around to see who is offering what type and at what rate. This will give you time to choose the best commensurate with the price. In New Zealand, most of brokers offer free loan consultancy. Most importantly, they have sound knowledge on latest mortgage rates and have access to different banks and lenders. If you have a good and local brokers, they might find best interest rates for you.

In conclusion, therefore, mortgage investment is a very lucrative venture only when done in a sober and well-researched environment. Banks and other financial institutions / lenders offer advice on mortgages some for free some at a fee. It is worthy to invest in the such for knowledge before venturing into the mortgage sector.

I personally recommended to find local & experienced mortgage agency for dealing your loan application. It must help to do best loan structure & find good interest rates.

Last not least, it is very important to arrange proper documentation for getting home or business loans approval. It is more important to find best mortgage advisors who can deal your financial matters.

How to do property investment in New Zealand

Property investment is a real estate property that has been purchased with the intention of earning return on investment whether either through rental income, future resale of the property or even both. A property investment can be on long term basis or short term intended basis for example in the case of flipping where real estate is bought then renovated then later sold on a profit. This therefore means the way in which an investment property is used has some significant impact on the value of the asset. And for that reason investors will always conduct studies to determine the best and the most profitable use for the property. According to financial analysts, New Zealand can be best place to do property investments. There are are many reason for this point of view. Firstly, New Zealand is one of the growing developed country. This country has excellent infrastructure and zero corruptions. Secondly, New Zealand government is very friendly for foreign investors. This country has open economic structure. It means any one can buy and sell property in New Zealand. In this blog, i am going to point out few advantages for having property in Auckland or other cities.

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How to do property investment in New Zealand depend of the following benefits:

– Firstly, i need to consider tax benefits. Many people prefer invest on property for getting tax benefits in residential property offered in New Zealand.

– Secondly, there is potential capital gains which are the second form of income from an investment on residential or commercial property; you will achieve capital gains when the value of the investment on the property increases. The idea of achieving capital gain is to look for investment properties that you will be able to purchase for below the market value expecting the price to increase.

– Thirdly, Negative gearing of investment on the property where your expense and outgoings are higher than the rental income and this tax advantage is one of the key benefits negative gearing. In New Zealand, many people prefer to invest on residential property for negative gearing of investment. It is good plan to invest on residential assets compare to saving money in Banks.

– Combining capital gains and rental income; where your main aim may be to buy investment that will provide both types of return on investment.

– Impact of leverage on return on the return from the investment on property; leverage is when you buy an investment using borrowed money instead of your own. The more you borrow the more you are said to be leveraged and this leverage can be one factor that can accelerate your investment return.

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There are many financial brokers available in New Zealand who can guide you throughout the investing process. Most of them provide this service free as they can get commission from bank or real estate agent. There are also some benefits that come with using a broker in doing investment on property such as:

· Better access and or more convenience: A broker or brokerage firm will have access to more property listed by other agent since he or she will do this as a full time job. Most importantly, they have better insights on property industry. If you find reliable and experienced broker, he or she must help you to find best property to invest.

– Most of brokers have excellent negotiation or conveyancing power. They will help in negotiations; many people don’t like negotiation or just don’t have time for negotiations so having a broker will aid you from this since he or she will be the one doing the negotiations for you this therefore saves you time, energy and resources you might have used in the process.

– The contract might be hard for to handle therefore having a broker will help you in handling the contract since he or she will be the one to handle the contact and ensure that all the terms are met. Moreover, you need to get appointment from lawyer for preparing contract or paper work. If you have broker, they will arrange these formalities by them-self as they are associated with law firm. I personally prefer to have lawyer for doing all types of paper work while buying or selling properties.

– Real estate agents and brokers cant like this is because they are licensed professionals who are bidden by certain work ethic thus they cannot lie since doing that will be against the work ethics.

– Everyone will save money if agents are used. If the buyer and the seller uses agents on an investment they will both save money since everything will be carried out by the agent all they will do is pay them a commission.

In conclusion property investment happens to be a lucrative business and seems to be beneficial to those who take part in it. New Zealand can be best place to invest your money. This country has not any restrictions for buying of selling. If you consider economic growth, i will prefer to invest in Auckland or Wellington.

If you have plan to have investment broker throughout your process, you may find local and friendly brokers or firm.

Best Indian Mortgage Brokers in Auckland, New Zealand

There are many Indian independent mortgage brokers and agencies available in New Zealand. Among all of them, Global Financial Services is the best Indian mortgage broker in Auckland, New Zealand. Global Financial Services is a highly awarded, trusted and respected mortgage and personal risk advisory company established in 1999. They are located at 19/203 Kirkbride Road, Airport Oaks, Auckland 2022 and 2 new offices are ready to go.

Global Financial Services has won more than 40 awards in the last 9 years of which some are :

1. ANZ Bank Award ( NZ’s top advisor awards: 2012 to 2016)
2. ASB Bank Award ( No1 broker of the year: 2014, 2015 and 2016)
3. BNZ Bank Award ( Best financial Adviser: 2015 and 2016)
4. Westpac Auckland Business Award: 2015 and 2016
5. TMM- Top Mortgage Broker in NZ (2014 & 2015)
6. PAA- Mortgage Adviser of the year: 2016
7. AIA Insurance – Top Insurance Adviser of the Year: 2008 to 2016
8. Deloitte Fast50 Award 2016

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Why you need to choose Global Financial Services:

We are NZ’s best mortgage broker agency who has experienced and local expert. We have been helping kiwi families to reach their dream for 18+ years. Whether it is buying their first home, growing their property portfolio or buying a business or commercial property, GFS will advise you on how to pay it off faster by saving unnecessary interest.

We help our clients to pay off loans faster. We have unique and effective save interest plan which can help you to pay off loan faster.

Our Mortgage Services:

Global Finance is one of the leading mortgage broker agency in New Zealand. We provide wide range of mortgage broker services including:

1. Mortgages for First Home Buyer
2. Mortgage Restructuring
3. Mortgage Refinancing
4. Business & Commercial Loans
5. Construction Loans
6. Property Investment
7. Debt Consolidation

Our Insurance Services:

Global Financial services has experienced and highly trained insurance team. We do provide different types of personal risk advisory services, including:

1. Medical Insurance
2. Life Insurance
3. Income Protection Insurance
4. . GFS Simple Life Insurance
5. Mortgage Protection Insurance
6. Trauma Insurance
7. Total & Permanent Disability Insurance
8. Mortgage Protection Insurance

Global Financial Services Achievements:

– We arranged over $5 billion of housing, business and commercial loans since our beginning.

– Global Financial Services has over 95% mortgage loans approval rate.

– Our interest saver plans ensure thousands of dollars interest stay in our customers back pocket and help to make them debt free faster according to their capacity.

– We already arranged over $2.5 Billion of life and personal risks insurance cover so far.

– We have 100% success rate to date in setting insurance claims in case of unfortunate death or terminal illness.

Benefits to our client’s:

Global Financial Services takes time to understand the needs and goals of our customers and tailor fit a solution to each one’s unique requirements. We ensure you have the choice and flexibility to choose the lender that is right for your to make your mortgage free sooner. We partner with our customers on their jouney in the following way:

Answer all questions and address all concerns for the life of the mortgage.
Ensure that a mortgage or insurance cover matches your specific needs and goals.
Looking after the transactions to make sure it goes smoothly so you do not lose sleep over it.
Work closely with respected lending and insurance institutions to ensure there are no issues.
Ensure you know everything there is to know about your mortgage, insurance, credit and budget.
Help you at the time of an insurance claim and am proud to have a 1005 settlement ratio in respect of life insurance.
Disclosure statement available on request free of cost

How we do it:

The mortgage and insurance divisions are managed by qualified, experienced and friendly staff who are registered financial advisers under FA Act 2008. Our Advisers exercise care, diligence and skill in providing financial advise to you.

Who we deal with :

Mortgage Lenders : 1. ANZ Bank, 2. ASB Bank, 3. BNZ Bank, 4. SOVEREIGN, 5. RESIMAC Home Loans, 6. Westpac Bank, 7. The Cooperative Bank, 8. TSB Bank, 9. Heartland Bank, 10. SBS Bank

For more information :

Global Financial Services

Phone : 09 255 5500

Opening Hours

Monday – Friday: 9am – 7pm

Saturday: 12pm – 6pm