The average person owns between 4-5 homes in their lifetime. Each time you decide to sell up and move on, you embark on a new adventure. Some of those adventures will enable to you live your dreams. Others could set you back years in financial independence.
Add to that the kiwi dream of property investment, and you could have as many as ten or more mortgages in your lifetime. Each mortgage is an opportunity to get closer to financial independence – but only if you do it right.
Mortgage brokers aren’t just here to help first home buyers get on the property ladder – we’ve got everyone covered with advice and assistance, no matter what stage of life you might be in. If you’re buying property and need a mortgage, we can ensure you get the best deal around. And when we’re talking about property – the most expensive asset you’re likely to ever own – the best deal can mean the difference between living your dreams and having to check the couch cushions for spare change.
Here are four ways a mortgage broker will help you set yourself up for the future.
1. Want to shave years off your mortgage?
Why pay your mortgage off in 30 years, when you can knock it out in 15? Too many people “set and forget” their mortgages, when a little tweaking with the help of a broker will burn that mortgage down pretty fast.
We love helping kiwi families realise their dreams of becoming mortgage free sooner, by helping them restructure their loans and get the best deal. We can give you advice on when to fix, and for how long, and even help you maximise tax benefits in your investment portfolio.
2. Self-employed and want to climb the property ladder?
Many self employed people – especially those with erratic earnings – find it difficult to get approved for finance. Even if you’re already a homeowner, the bank may be unwilling to lend to you in order to move to a bigger place to support your growing family. And what if you’re an entrepreneur looking to build a property portfolio? Well, don’t even think about it.
Unless … you have a broker to your side. We take cases like this as a special challenge. We love being able to help the self-employed to move up the property ladder.
3. Want to become a property investor?
Property is a great wealth-building tool. New Zealanders love the idea of – a tangible asset that’s much easier to understand than the yo-yo nature of the stock market. Yet, too many investors jump into a rental without any idea if it’s actually a good buy.
Calculating rental yield can seem a bit like sorcery to the uninitiated, but it’s vital if you want to ensure you’re buying a rental that will actually help you build wealth. We can help you figure out if a potential rental is a good buy, as well as showing you how to boost yield with improvements and negatively gear a loan.
4. Need to protect your assets?
None of us know what the future might bring, so it’s important to protect your assets with insurance. The last thing you want is to see your biggest asset and your home literally go up in smoke, without a way to recover your costs and start again.
Many mortgage brokers, such as Mike Whittaker mortgages, also offer insurance brokerage services. We can set you up with the right protection for your specific circumstances, and make sure you decrease your coverage as you increase your wealth, so that you can keep your insurance costs low.
At Mike Whittaker Mortgages, we can help you grow your wealth with property – it’s as simple as that. Our services are 100% free, so what are you waiting for? Ring 0800 579 324 to find out how we can help you.
