Category: Mortgage Advisors

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.

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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 successglobal finance logofully 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.