Mortgage advice in important - be careful where you get it
dependence and lifestyle goals.
1. Determine what you want to achieve financially and lifestyle wise. A commitment to achieve these is necessary as goals can be shifted and your rocket may not quite get to where you want it to go, but if you don’t even point it upward, you’ll never get off the ground.
2. Pay yourself fi rst. How much do you need to live and play on?
3. Examine your expenses. Those bank statements that you discard. Have a look at just where your dough is going. Do you need to line someone else’s pocket at your expense?
4. Commit to a budget. We, for instance, have access to very good computer based budgeting programmes which are easy to use, make sense, encourage you - because it can suck at times - and comes for under $ 2 a week. Much easier than jars and scribblings on the back of an envelope. There is also a free programme - but not as interactive or extensive - at www.sorted. org.nz.
5. Ensure you are covered for the unexpected. Insurance is a neces- sary expense. Young people do die and get sick for lengthy periods. Houses do burn down or get storm damaged. If you aren’t insured, thus protecting your asset and family, don’t expect sympathy when something goes wrong. Why would you pay more for this with little advice at a bank? Plan your insurance properly rather than ad hoc.
6. Use a mortgage adviser - it could save you heaps of money and grief. We get more calls at present from people who have selected the wrong fi xed interest rate periods than any other calls. Most of these have been done directly with a bank, without advice because it ‘ looked’ the best rate at the time. When fi xing a rate, you are signing a contract. With that comes certain obligations. Be aware of these and don’t moan at the banks because you didn’t take the time to understand the possible consequences.
Website to visit www. consumeraffairs. govt. nz/ businessinfo/ cccfa/ c c c fa-reg s - formula. html.
7. Remember bankers represent their shareholders. It is up to you to make yourself fi nan- cially savvy and up to you to seek advice. We are in unprecedented volatile fi nancial times. Utilise the experience of others, get yourself a plan and set your course for success. A good plan is something you will revisit, set and read on an annual basis.
More than ever, independent mortgage help is being sought. We all want the same thing - to be rid of the Death
The owners of this stunning four bedroomed home in popular Longford Park, reluctantly offer their family home for sale.
Australia beckons for this family so this immaculate home set on a large 759 square metre section, with open plan living areas and a formal lounge, is Pledge.
• Allistar Walker is a Senior Fellow of Financial Services Institute of Australasia and an accredited mortgage and insurance advisor. His full disclosure looking for a new owner.
This home is five years old and in immaculate condition. There is plenty of room for children to play in the large fenced outdoor area. The large freestanding pool and generous decking make this area a favourite area for alfresco dining. and economic updates are available at www. mortgagehelp.co.nz or he can be contacted at 410 6023 and enquiry@ mortgagehelp.co.nz.
The low maintenance gardens make this lovely home a pleasure to own and one to be proud of.
Call Ray White Papakura agents - Barbara on 09 295 2035 or Sunny on 295 2022 to inspect or open homes Saturday 1-1.45pm.