Sovereign Home Loan Mortgage rates: recent decrease
Click the below link to view the new reduced interest rates offered by Sovereign Home Loans:
https://www.sovereign.co.nz/story1200.aspx
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Chance to win a share of $15,000 to live the life you want…..
Play the Sovereign Life’s Choice Game and be in to win a share of $15,000 to live the life you want.
Visit Sovereign’s website www.sovereign.co.nz/chooselife/#/start to enter the competition and be in to win!
If you are not currently a Sovereign client, contact us for Life Insurance quotes and to arrange an application now! Sovereign also offer very competitive home loan options that have no transactional fees. If you are contemplating a new purchase or have a fixed rate rollover coming up, speak to us now about your options.
We are award winning insurance brokers who service clients nationwide, so if you desire service excellence, contact us for a full insurance review soon.
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Mortgage Interest rate latest update
Homeowners on floating interest rates should quickly look to lock in fixed rates before prices move up in coming months…. click here to read more regarding this. (article supplied courtesy of Business.co.nz)
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Have life insurance but no Will?
Everybody with assets, particularly life insurance, needs to have a Will. Follow this link for some wise words.
Talk to your legal professional if you need further advice.
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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
Click here to view our disclosure statement.
Click here to email Thorners or Call Us on (04) 528 8088
Thorners October 2009 Newsletter
Mortgage interest Rates:
Interest rates continue to fluctuate and the gap is widening between the short term fixed and floating rates and the longer term fixed rates. Overseas pressure remains on long term funding and whilst short term rates are expected to remain stable over the next few months, predictions are that the floating rate could be back at 8% within 18 months.
It is also timely to remind you that it’s better to have consumer debt e.g. credit card balances & HP’s transferred to your home loan to make considerable interest savings.
Funding for rental properties and over 80% borrowing is tightening and you are encouraged to approach me to discuss any home lending you or your family may be considering.
KiwiSaver:
Have you and your family got your slice of the KiwiSaver cake yet? Membership continues to grow rapidly with total membership now close to 1.2 million people. The demographics are interesting with 17% of members under 18 years of age and 18% aged 55 plus.
KiwiSaver is a tremendous opportunity for every New Zealander whether you are a child or under the age of 65, even if already retired or not working.
If you or your family members are not a member or are in an IRD default scheme we should discuss how KiwiSaver could work for you. The benefits including the $1,000 kick start and Government contribution matching to $1,042 p.a. are hard to beat.
Life Insurance Premiums:
Everybody dislikes paying premiums and I am constantly told that clients are over insured but the widow or widower always says the cover could have been higher.
Options are now available to make premiums affordable over the longer term and are known as level premiums. There are considerable long term premium savings to be made utilising level premiums and I should also note that the premium is guaranteed for the term of the contract so will not be subject to any changes following the introduction of new Life Industry tax changes being implemented from July 2010.
Why would you not transfer to this? This is the question I am asking everybody. Let me provide you with some level life premium options to show you the premium savings that can be made over the life of the policy.
Competitions:
Sovereign have a great offer to clients where they can enter to win an $8,000 holiday plus $2,000 spending money. Just visit www.sovereign.co.nz and follow the home page link.
I am available to discuss your insurance and investment needs in what is a difficult time for many of us at the moment so please feel free to contact me if you have any questions. My personal email is denis@thorner.co.nz or ph 04 528 8088.
I look forward to hearing from you soon.
Kind regards
Denis
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Click here to email Thorners or Call Us on (04) 528 8088
Chance to win an $8,000 holiday plus spending money
Check the Sovereign website www.sovereign.co.nz to enter their client competition to win a dream holiday.
Good luck and remember you only have until 28 November 2009 to enter!
If you are not currently a client, contact us for some Sovereign Life Insurance quotes and to arrange an application. Sovereign also offer very competative home loan options that have no transactional fees. If you are contemplating a new purchase or have a fixed rate rollover coming up, speak to us about your options.
We are award winning insurance brokers who service clients NZ wide so if you desire service excellence. contact us for a full insurance review soon.
Update 10 December 2009 - It’s been drawn and a Thorners client has won the prize, Sovereign to contact the client today to sort the arrangements and hand over of the travel voucher.
Thank you for your interest and contact us if you have any insurance requirements.
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Click here to email Thorners or Call Us on (04) 528 8088
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
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
Click here to view our disclosure statement.
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.
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Click here to email Thorners or Call Us on (04) 528 8088
