Where to now with your mortgage

If you're thinking where to now with your mortgage... the answer is Mortgage People.

Believe it or not it was back in September 2008 when Lehman Brothers one of the most respected banks in the world led the collapse of the American banking system that transformed into a global financial crisis (GFC) and ultimately word recession. However as they say the darkest hour is the one before dawn and a lot of people including ourselves believe that now is the time to look forward with optimism.

As you are aware, interest rates are at the lowest levels for many years and unless Europe falls over we are probably at the lowest for this period. Times like these present good opportunities for existing borrowers to reduce debt by repaying their loans faster – something we can show you how to do more easily. Likewise low interest rates also provide opportunities for first home buyers, people wishing to upgrade into a more expensive home or for those wishing to purchase an investment property. We are however led to believe from recent NZ Herald articles that there is evidence of a sharp tightening in property availability in the Auckland market and it is hard to see this situation improving given the low interest rates and the lack of residential development.

I would like to take this opportunity to briefly tell you about some of the additional financial services we can provide clients through Mortgage People.

Things don’t always go the way they are supposed to and for one reason or another you might find yourself in a financial jam, this could be through a multiple of reasons particularly at this time of the year when credit cards and other debt cause cash flow problems. If you find yourself in this situation then please talk to us about rolling all your debt into one monthly repayment. We have even helped people who have had credit problems and others who have been facing mortgagee sales!

Also if you are a small business owner don’t be suffocated by your bank if you are experiencing liquidity problems, have a looming tax bill, need a cash flow injection call us for a tailored business solution.

Finally look out for our new website which will arrive this month it covers everything we do including personal and business insurance, domestic fire and general insurance as well as commercial loans and personal loans for almost anything.

We value the relationship with our clients and will always put your best interests first and foremost so if you have any queries at all then please don’t hesitate to call your Mortgage People broker, myself or my fellow director Carey Brunel (DDI 361 0390).

If you are not a client of Mortgage People we welcome your call... freephone 0800 823 823.

Written by Glenn Christie, Director - Mortgage People Limited