An article in today’s NZ Herald caught my eye it was about mortgagee sales and quoted the banking ombudsman Deborah Bartell’s who said that “complaints about mortgage finance had almost doubled since before the financial crisis”.
The thing we want to stress here to all existing home owners is that peoples circumstances change all the time, and sometimes without warning the unexpected happens like redundancy, so if you find yourself in this situation talk to your mortgage broker straight away - and let us see what we can do to help, in most situations there is a solution. This might involve us talking to the bank for you and restructuring your debt to give you some breathing space or it might involve refinancing your current mortgages to make the payments easier.
Mortgage People have honestly assisted many clients who have experienced difficulties sometimes just to give them the time they need to sell their property in an orderly fashion and not have the bank do it in a mortgagee sale situation where often the sale price is much less.
The other thing is that the 31st March has just rolled by and for self employed people that’s tax time, once again if you don’t have the funds available see us about a potential restructure of your mortgages the trick once again is to chat to us early not later when the penalties start to kick in!
If your debt - mortgage, personal loans, business loans, car loans, hire purchases; is compromising your lifestlye, then its time to take control and talk to a Mortgage People broker today - find out all your options.
freephone 0800 823 823 or email us - enquiries@mortgagepeople.co.nz
Written by Glenn Christie, Director - Mortgage People Ltd
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