Mort­gage ad­vice in im­por­tant - be care­ful where you get it

Southern Real Estate Guide - - Front Page -

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.

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