Thinking home equity release…
If you are considering a Sentinel Lifetime loan or just thinking about home equity release then there are some wise words to consider from this link.
Speak with Thorners if you have any questions.
Sentinel Lifetime Loan Interest Rate Change July 2010
Effective from 1 July 2010 Sentinels Lifetime loan interest rate will be 7.10% p.a.
This reflects the current market and continues to make the Sentinel Lifetime Loan a great choice for any retired New Zealander’s struggling with their cash flow.
Contact Thorners if you need finer details on the loan and how it may work for yourself or your parents.
Experience the Thorners “no fuss” planned approach to financial freedom and protection
www.thorner.co.nz
Sentinel interest rate reduction effective 22 March 2010
Effective from 22 March 2010 Sentinel are reducing their Lifetime loan interest rate down to 6.70% p.a.
This reflects the current market and continues to make the Sentinel Lifetime Loan a great choice for any retired New Zealander’s struggling with their cash flow.
Contact Thorners if you need finer details on the loan and how it may work for yourself or your parents.
Experience the Thorners “no fuss” planned approach to financial freedom and protection
Call us today on (04) 528 8088 or www.thorner.co.nz
Sentinel Lifetime Loan rate change December 2009
Effective from 18 December 2009 Sentinel are reducing their Lifetime loan interest rate down to 6.80% p.a.
This reflects the current market and continues to make the Sentinel Lifetime Loan a great choice for any retired New Zealander’s struggling with their cash flow.
Contact Thorners if you need finer details on the loan and how it may work for yourself or your parents.
Experience the Thorners “no fuss” planned approach to financial freedom and protection
Call us today on (04) 528 8088 or www.thorner.co.nz
Mortgage Interest Rates Have Moved Again
Circumstances change quickly in the current financial environment and you may be unaware that the recent mortgage interest rate changes announced on 9 September have widened the gap between short and long term fixed interest rates. This reflects the changing cost of offshore funds which banks rely on to supplement the funds their local depositors place with them. There has been an easing in the cost of shorter term offshore funding but there is also significant competition in the New Zealand deposit market, which continues to push the rates higher than they would otherwise be.
The result is regular reviews of your mortgage have become more important than ever. Not just to ensure ongoing affordability, but more importantly, to ensure that the structure is appropriate to your current and future needs and goals.
While having some of your mortgage on a floating rate offers flexibility, it is a facility more suited to those who are in a position to place bulk sums into it to reduce their overall lending to obtain the resulting interest savings, even if only for short periods of time.
Unless you are in a position to clear the majority of your floating rate loan in the short term, it may be more appropriate to change some to a fixed interest rate to provide some certainty going into the future. I do not have a crystal ball but the NZ Treasury predict that short term rates will remain low for the next year and Bank’s have been speculating floating rates will rise back to the 8% level over the next two years.
Now is also good time to check that you are financially protected and prepared for life’s events – planned or unexpected and ultimately I want to help to keep your home in your hands. The last thing you want to see is your home slipping out of your hands, should you be unable to meet your loan repayments. If you died, would you leave behind enough resources to pay off your home loan and safeguard your dependants’ future?
I am available to discuss your investment, insurance, mortgage and KiwiSaver needs in what is a difficult time for many of us at the moment so please feel free to contact me anytime if you have any questions. My personal email is denis@thorner.co.nz or ph 04 528 8088.
Click here to view our disclosure statement.
Click here to email Thorners or Call Us on (04) 528 8088
Mortgage rate changes released 4 September 2009
Mortgage rates alter again effective from today so always get advice before chosing your fixed or floating options.
The new interest rate structures released this afternoon by several lenders reflects the changing cost of offshore funds, which banks rely on to supplement the funds their local depositors place with them.
There has been an easing in the cost of shorter term offshore funding rates but there was also significant competition in the New Zealand deposit market, which was pushing these rates higher than they would otherwise be.
Call Denis for free confidential home loan advice on 0274 575 190 or contact the office using the contacts below. Denis services clients NZ wide.
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Click here to email Thorners or Call Us on (04) 528 8088
Fixed interest mortgage rates rise again in August 2009
Long term fixed mortgage interest rates are on the upward rise again following adjustments overnight by several lenders.
If you are contemplating refinancing, increasing or taking out a new home loan then talk to Denis at Thorners first.
Denis Thorner provides advice to people New Zealand wide and offers home appointments anywhere from Wellington to Napier. Call him soon on 0274 575 190 for more information.
Thorners – winner of the Best Trade / Service Business Award at the 2009 Upper Hutt Business Excellence Awards.
Sentinel Lifetime Loan Interest Rate Change from 1 July 2009
Sentinel have advised that the floating rate for their Lifetime Loans will drop to 6.85% p.a. effective from 1 July 2009.
This is a dramatic drop reflecting current market changes and takes affordability of the lifetime loan to a new level and the lowest it has ever been.
If you are retired, own a home and are suffering financial distress or just need some additional cashflow, there has never been a better time to consider a Sentinel Lifetime Loan.
Thorners offer a NZ wide service so call or email us for more information on Sentinel Lifetime Loans today. All discussions are confidential.
New Zealand wide service – let us know your situation today to allow us the opportunity to provide you with some options
Click here to email Thorners or Call Us on (04) 528 8088
Click here to view our disclosure statement
Interest Rate Increases for Longer Terms
The week has seen many mortgage lenders increasing their four and five year fixed interest rates.
Many people have long term rate concerns and have sought certainty by fixing their mortgages which is causing fierce competition in the swap markets to cover lenders funding needs which in turn has driven up yields.
If an individual or business wants to fix a loan, another party needs to take the interest rate risk and based on recent economic events, they want a higher return. Kiwis are now seeing a positive yield curve – that is shorter term rates are lower than the longer dated rates and we have not seen this for sometime. There is a view in the market, that with all the recently announced Government spending occurring we may see inflationary pressures returning in the medium term which is not good for longer dated interest rates.
Speak to Thorners before doing anything relating to a home loan.
Click here to email Thorners or Call Us on (04) 528 8088
Sentinel Lifetime Loan Interest Rate Change from 30 March 2009
Sentinel have advised that the floating rate for their Lifetime Loans will drop to 7.40% p.a. effective from 30 March 2009.
This is a dramatic drop reflecting current market changes and takes affordability of the lifetime loan to a new level.
If you are retired, own a home and are suffering financial distress or just need some additional cashflow, there has never been a better time to consider a Sentinel Lifetime Loan.
Thorners offer a NZ wide service so call or email us for more information on Sentinel Lifetime Loans today. All discussions are confidential.
New Zealand wide service – let us know your situation today to allow us the opportunity to provide you with some options
Click here to email Thorners or Call Us on (04) 528 8088
Click here to view our disclosure statement
