What is Mortgage Care?

Debt strategy

Kiwi’s have traditionally had a set and forget attitude to their mortgage. However, with the right strategy and ongoing management, there are thousands of dollars that can be saved over the life of your loan. Pointer knows how to streamline your mortgage. Whether you are trying to pay off your loan, or leverage yourself into the next property, we have plenty of experience and pointers to show you how.
Knowing your mortgage status

It’s important to us that you can get access to good advice. Part of what makes us different is that we understand your position. Are you just starting out? Do you have an existing mortgage and are paying down debt? Or maybe you’re ready to take that next step into an investment property. Using our financial analysis tools, we take your stage of life and strategise a plan to suit you.
Understanding the banks

We understand that bank policies are constantly changing. Different banks have different rules and guidelines depending on what you are trying to do. We speak ‘bank’ and understand their points of difference, so we can match you to the lender that suits you best.
Thinking big picture

We offer financial life-mapping sessions to discuss how the future might look based on your current position and where you are going — then we strategise a way to get there. The result is confidence, because any decisions you make will be better informed and more likely to work out as planned.

See MortgageCare Package

WHAT’S YOUR MORTGAGE STATUS?

Wanting to own
Getting on the ladder
You may be renting and want to see if buying is even possible. Starting out can be challenging, but there are things you can do to give yourself options and improve your position. Talking to us before you go to the bank means you can be better prepared. There is so much to know – handling auctions, accessing KiwiSaver and doing due diligence on potential purchases are all things we can help with.
Existing mortgage
Paying down debt
You might be starting to get on top of your finances, or maybe it feels like you are running to stand still. Either way, it’s important to remember that owning a home means you are building an asset base. Intelligent structuring of your debt and a solid plan can make a meaningful difference if you simply stick to it. This can also be a good time to create opportunities, look at career options, maybe even consider a separate investment strategy.
Investment property
Looking to leverage
Whether you’re mortgage-free and looking for an opportunity or actively developing a property portfolio, getting the right strategy and structure can propel you forward and protect what you’ve already gained. It’s important to research your options and manage the risks involved, making sure there’s an exit strategy in place if circumstances change. Creating robust strategies is what we do best.

What’s your Mortgage Profile?

TOP 5 REASONS TO REVIEW YOUR MORTGAGE

1

New job or promotion

Surplus income is a great reason to revisit your mortgage structure – putting surplus income against your debt could cut years off your loan if you plan it right.

2

Addition to the family

Often the birth of a child also means a reduction in income. Reviewing your mortgage may allow for an interest only period to reduce mortgage repayments while income is tight.

3

Fixed rate expiry

If you don’t re-fix your loans, they will automatically transfer to a floating rate – which is normally much higher. Requesting rates early means you can organise to transfer straight onto the new fixed term.

4

Thinking about buying another property

As you pay down debt, you increase the equity in your home. In some cases, you can use the equity to help with the deposit for an investment property – starting your own portfolio.

5

Keep shopping around

As advisers, we like to keep our eye on the wider mortgage market and let you know if moving banks might get you access to better rates, loan products and even a cash contribution towards the cost of moving.

DID YOU KNOW?

60^%
New Zealanders that don’t receive independent advice on their mortgages.
20^%
Not all loans require you to have this amount of deposit in savings.
87^%
New clients that never had a goal-based loan structure discussion with their bank.

*Data may change.

MORTGAGE STORY PROPERTY INVESTMENT

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 all those memories behind, 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 position and show what was possible.” — Tai & Jess

TOP 5 HOME BUYERS TIPS

1

Do the numbers

Work with your Pointer adviser to look at your options and apply for a pre-approval ahead of time. That way you can shop around with a budget in mind.

2

Consider all the costs

Just because the bank has pre-approved you for a certain level of debt doesn’t mean you should buy at that level. Buying a home comes with additional costs – solicitors fees, moving costs, house insurance and rates, just to name a few.

3

Use conditional offers

An offer that is conditional gives you time to check out things like builder’s reports, LIM reports and finance options. If any of those fall through, you don’t have to commit to purchasing the property.

4

Get rid of other debt

Most lenders prefer that you don’t have any other debt when applying for a loan (typically excluding any student loans). Even the limits on your credit card will have an impact on the amount you can borrow.

5

Work with professionals

Buying a home can be a stressful process and it’s impossible to know everything. Even where you’ve bought before, bank rules and procedures are constantly changing, and we can help you navigate your options.

Book a Home Buyer Chat

DEBT FOCUS PACKAGE

MortgageCare

Whether it’s a first home purchase or you’re plugging us into your existing mortgage, we can handle the rest. Great structures, rates and bank access, with ongoing guidance — saving you time and money.

See MortgageCare Package

STRATEGY PACKAGE

FinancialLife-Map

This is where we look at the wider picture — making sure all the puzzle pieces fit together. We work with you to understand your goals, review your insurances and create a strategy so you can look ahead and see how to get there.

See FinancialLife-Map Package

TOP 4 LOAN TYPES

1

Fixed loan

An agreed interest rate, typically between 6 months and 5 years. At the end of the term it will automatically move to a floating rate, until you choose a new fixed rate. Breaking your fixed rate early is an option, but will likely incur a fee.

2

Floating loan

Your interest rate moves up and down with the markets. As it’s not locked in you can pay off lumps sums without incurring penalties, or fix this loan at any time. Floating interest rates are typically higher than fixed rates.

3

Revolving credit

A revolving credit facility allows you to pay down debt at a rate that suits you, but also lets you re-draw it should you need to. This means you can apply all your savings to the loan, reducing what you pay in interest.

4

Offset loan

Save on interest with this floating loan by offsetting the positive balances in your other bank accounts against your debt. The interest rate on an offset mortgage is higher so you still have to make sure it’s worth it.

Book Loan Structure Chat

YOUR MORTGAGE STRATEGISTS