You can’t get these moments back.
Let us take care of your mortgage
so you can make more memories.
YOUR MORTGAGE STRATEGISTS
Getting my mortgage streamlined means
I can relax.
MORTGAGE STORY Baby on the way
Jack and Sarah were able to go interest only
on their mortgage while on maternity leave.
A client came to us with an offer they had accepted from the bank — 4.49% fixed for one year. Even though the paperwork had been signed, we negotiated a small break fee of $119 to get an improved rate, saving them $1,392 in interest payments.
Not long after, they called us again, excited to say that they were expecting their first baby. Setting up the house for the new arrival was going to be expensive and they wanted to consider going interest only on their loan, providing 12 months of cashflow relief until Sarah got back to work. Their bank would only offer interest only to an LVR (loan to value ratio) of 70% or less — theirs was 71% — and the bank wouldn’t make an exception.
Now they started to worry, but after looking around, we found another bank willing to make that exception. Not only did they give Jack and Sarah interest only for 12 months, but also offered better rates and a $5,000 cash injection. They used this to repaint the baby room and buy a kick-ass pram with big wheels, as Sarah loves her morning walks.
“Pointer handled everything. It was such a relief to get everything sorted.” — Jack & Sarah
YOUR MORTGAGE STRATEGISTS
We were able to offset our interest using our parents savings.
Getting a first home can be tough.
We’ll tell you what you need to
know
and how to make it happen.
MORTGAGE STORY FIRST HOME OWNERS
Mark and Sophie realised how choosing the right
bank was crucial. Not all banks are the same.
Mark and Sophie went directly to the bank for pre-approval, went shopping and bought their first home unconditionally. What they weren’t told was while they had been pre-approved financially, they needed to refer the property back to the bank to make sure it would be acceptable as security — it wasn’t. It had an unconsented bathroom and deck.
With one week until settlement, Mark and Sophie thought they were about to lose their life savings with their deposit. Fortunately, a friend referred them to us, and we knew exactly which bank would accept this kind of property. They were approved with a post settlement condition of getting consent sorted — settled with an hour to spare. The larger cash back we negotiated even covered half the cost of getting the consent. Happy days.
“We thought we knew what needed doing, but soon realised there was so much to know. Pointer made it easy.” — Mark & Sophie
DID YOU KNOW?
-
75%
New Zealanders that
don’t have a long-term financial plan. -
25%
Income spent by
New Zealanders on housing costs. -
10%
New Zealanders over
65 that still have mortgage debt.
MORTGAGE STORY CAREER COUPLE
With extra revenue after a promotion, Jennifer and Stacey didn’t realise how they could have leveraged their position.
Jennifer and Stacey purchased their home 8 months before they both received promotions from their employers. From discussions with their bank when they took out the loan, they were under the impression their fixed loan was unchangeable. They thought they couldn’t make extra payments without incurring penalties. After we plugged into their mortgage, we considered what they could afford and set up a flexible repayment schedule of an extra $725 a month — which would stand to save them just over $15,000 in interest over two years.
“We are paying off debt so much faster now thanks to Pointer. Wish we’d seen them sooner!” — Jennifer & Stacey
POINTER TIP #1
Adding a small revolving credit can be a good way to hold savings or have easy access to funds.
POINTER TIP #2
Fixed loans are more flexible than you might think. It’s often possible to slice portions off your fixed loan and add them to a revolving credit — accelerating your debt repayment.
POINTER TIP #3
Minimum repayments can mean paying a lot in interest over the life of your loan. Putting in a little extra each pay can make a big difference over the long term.
POINTER TIP #4
Are you taking advantage of your parent’s savings? Some banks will allow you to use their savings to offset interest on your own loan.
MORTGAGE STORY INVESTMENT PROPERTY
Tai and Jess didn’t realise how upsizing to a bigger family home was going to start their property portfolio.
Tai and Jess had been living in their first home for the last 12 years — but with two young children, they needed to upsize. While they were sad to leave behind all those memories, they had done well to repay their debt faster than normal and were ready to find a new home. After talking to us and looking at their wider picture, it turns out they could not only afford to buy that larger home, but also keep their existing family home as an investment property. With our guidance, they felt more confident about taking that next step as property investors, allowing them to reduce their taxable income at the same time.
“Pointer took the time to understand our story and show us what was possible.” — Tai & Jess