What is important to you?

The role of a mortgage adviser is to seek out what you want and need; get to know you and understand your financial situation and to give you advice - good advice that is suited to you so that you do get what you want and have what you need!

Structuring your mortgage right and ensuring you protect yourself and your precious family and your assets can make a big difference to your lifestyle and the key of a good mortgage and insurance broker is exactly this - to understand "what is important to you"...

[Q] Do you want CERTAINTY?

Loan payments that are set and won't change; you don't want to worry about unexpected interest rate increases.
A fixed home loan may suit; or a split loan where only part of your mortgage is fixed and
some of it is on a variable rate.

[Q] Do you want FLEXIBILITY?

You want to be able to make extra payments when you can; you also want to redraw funds
as and when needed.
Then a revolving credit facility on a variable rate may suit; or part of your loan as a flexible
facility and part of your loan fixed.

[Q] Do you want CONTROL?

You want to manage your mortgage payments, you also want to pay as little interest as possible.
A revolving credit facility on a variable interest rate may suit.

[Q] Do you want FINANCIAL FREEDOM?

You want to pay your mortgage off as soon as possible; you want to set repayments to a maximum that suits you.
A shorter term loan with a combination of variable and fixed may suit.

[Q] Do you want AFFORDABILITY ?

You want cash flow to do other things, you do not want to feel burdened by your mortgage payments.
A longer loan term, maximum 30 years with a fixed rate may suit.

[Q] Do you want to keep it SIMPLE?

Do you want to keep your finances in one account; one loan for everything.
A revolving credit limit on a variable interest rate over a longer term may suit.

Do your finances suit your lifestyle?
If you don't feel that your finances are set up to best suit your lifestyle, then find a good mortgage broker and go through a financial review (sometimes referred to as a financial health check). Normally this should not cost you anything, if there are any fees mentioned find out what they are for from the start.

This should always include completing a financial picture of everything you earn (from all sources of income); what set outgoings you have (all expenses - small and large); what assets you own and what loans you have (including all credit cards, hire purchases, car loans, family loans etc).

You may be surprised at what small steps you can take immediately that have quite a big impact on your overall situation.

For most home owners, we want to reduce our mortgage as quickly as possible but at the same time have as much available cash to enjoy our life. It's not easy when you are in your daily routine, and this is why you should consider talking to an experienced professional mortgage broker. It is their job to show you how you can make changes to reach your goals sooner rather than later.

Did you know that most people do think they can get a better deal on their home loan and insurance - yet they do nothing about it!

Being smart when you refinance is getting the right people working for you, people that understand your current situation and where you want to be - instructing a good mortgage broker will help you to make changes that benefit you and your family.

What is important to you?  And have you got it?

Are you on the right track to financial freedom?

freephone 0800 823 823 | www.mortgagepeople.co.nz