Seasons Greetings from Mortgage People

As another year nears an end, looking back reveals a period of mixed signals, the lows of an economic crisis, the highs of an exciting 6 weeks of world cup rugby and then the election! What will we all do now?

Thanks to you all for your support and for helping to make this year rewarding from allowing our team do what they enjoy most ~ making sure you are financially sorted & well protected.

Merry Christmas, happy & safe holidays to you and your family.
We look forward to seeing you in 2012.

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Office Hours
Below are the office hours over the christmas period; in case of emergency feel free to call freephone 0800 823 823 anytime for further information.

Friday 23rd December ~ Closing 3pm
Wednesday 28th to Tuesday 3rd January ~ Closed
Back to business from Wednesday 4th January 2012 ~ 8.30am to 5pm
Office Freephone 0800 823 823

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Fire & General Insurance - Claims & Help
For AON Stylecover Insurance Claims or Queries freephone 0800 505 152
For Lumley Insurance Claims or Queries freephone 0800 781 782

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Contact your adviser
To find your mortgage adviser's details click here

Taking advice from friends who mean well....

Breakfast out is always a treat. Well nearly always……
"We were seated next to two ladies, who didn’t seem to mind who heard their conversation as they didn’t regulate their voices at all. That’s no big deal; I can do a pretty good job of toning out other conversations. Some words do trigger interest though and while I was doing my best not to listen to them I heard ‘can’t afford’, ‘what area should I look?’. Hmmmm, now I’m interested – trying not to be, but I can’t help it.

The other lady then started to spout forward her words of wisdom, and I became very uncomfortable in my seat. I started whispering to my husband “she doesn’t know what’s she’s talking about’. I was inwardly groaning and to my dismay my ability to tone out other people’s conversations completely escaped me.

And then! The ‘knowledgeable’ woman told the other one (who was frantically taking notes); she couldn’t go to an auction. I couldn’t help it! I interrupted their conversation, very politely, and asked did she have mortgage pre-approval. The ‘knowledgeable’ woman commenced to tell me yes her friend did have pre-approval but she was a first time home buyer and so she couldn’t go to auction."

Seriously!! It’s scenarios like this that emphasize the need to get your advice from an expert in the field. I personally have assisted first time home buyers to get a pre approved home loan and they have purchased at auctions without any problems. - Angela Peters, Mortgage Adviser at Mortgage People

RELIABLE ADVICE...
The key message to take from this is that friends mean well but are not necessarily right in their information; and their opinion is exactly that – their opinion not always fact... perhaps, not always reliable advice when you need it most. Buying a house is a really BIG deal - and just like you seek legal advice from a Lawyer or financial advice from an accountant so you should seek professional advice when it comes to getting a mortgage.

For free unbiased home loan advice you can contact Mortgage People anytime - more info

freephone 0800 823 823

OCR on hold...

Once again the Reserve Bank Governor announces the Official Cash Rate is on hold for now, pushing out the timing of future rate hikes saying uncertainty in financial markets could force up funding costs for local lenders and is threatening to hinder New Zealand's recovery.

Earlier this year, Bollard indicated he was keen to remove the extra stimulus he added in response to the February earthquake, though that was put on hold as financial markets tumbled after the United States credit rating was downgraded and the Euro struggled with the high level of debt among some of its members.

Since the last monetary policy statement in September, NZ's sovereign credit rating has been downgraded by Standard & Poor's and Fitch Ratings due to the size of the country's external debt, though the Reserve Bank are expecting household savings to improve as people use the record low interest rate to repay debt and improve their personal balance sheets...

This is something that Mortgage People fully supports and as expected we are already working with many clients to better structure their debt and provide options on better debt management - now really is the time to take advantage of the low interest rates!

What you can control?
We can't control the globally uncertainty, but we can control our own financial situation and give ourselves financial certainty!

* How well do you know your budget - what you get, what you spend, what you could save?
* Is your mortgage structured to suit you or your lender?
* What term is your mortgage on?
* How old will you be when your mortgage is repaid?

Did you know:
At a rate of 5.75%, for an extra $250 per month per $100,000 borrowed you could HALVE your mortgage term. True.
This is something that you can most definitely control, with a little advice and guidance from Mortgage People.

Call us today to arrange your one on one meeting >>> freephone 0800 823 823
or Email us now and we'll be touch soon.