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Turning the corner
At Moneybox, 2011 finished on a high note with record levels of mortgage finance being arranged by our advisors in the final quarter of the year. Activity over the holiday period and through January tends to indicate that this trend has been sustained and is likely to continue in the immediate months ahead. Despite the fact that for many people the working New Year does not get under way until late in January, at Moneybox, we have been agreeably surprised with activity levels. Our clients are settling housing finance packages and also obtaining pre approvals in order to buy and we consider that prospects look promising for the early part of the year.
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Moneybox. Home loans & insurance - Delivering financial products from your point of view.
Here’s to a prosperous 2012
Here’s to a prosperous 2012
Another year commences no doubt bringing with it its own problems, challenges and opportunities and of course it is the latter that we prefer to talk about. Our expectation is that 2012 will continue for Moneybox and our clients as 2011 ended; a final quarter of the year when we exceeded our budgets and expectations for writing new business. An important bi product of this activity of course was that we have been able to help a significant number of people in either acquiring their first home or in upgrading to another property and this gives us a lot of satisfaction.
With a continuation of mortgage interest rates at very favourable rates and with all the indications that this scenario will continue well into the year, we are optimistic of better times and more activity in and around the home buying/selling scene. There seems to be a more positive atmosphere with people generally wanting to get on with their lives and there is a good stock of property for sale offering a selection for potential buyers in most price ranges.
Over the holiday period, I read an interesting article on mortgage gearing which has prompted me to raise this topic in this column. Gearing of course is the ratio of your own money to borrowed money you have in a property or business venture. The article quoted an old saying in the accountancy world which states “in good times get into high gear and in bad times get into low gear” What constitutes a good time is dependant upon many factors other than the economy not the least being job certainty and the reliability of your income stream.
This column does not allow me to expand on this subject but suffice to say that gearing is just one of the factors that Moneybox consultants consider when advising clients on borrowing considerations so please come and talk to us. In addition we will of course discuss the options available to you in selecting the loan source and insurance cover that suits you best. Just give us a call and we will be at your side throughout the process.
Although we are now into another New Year, at Moneybox we are still in the Christmas giving mood! For every new client in January/ February that we can assist into home ownership we will give a little present. This will consist of a $100 meal voucher from a selection of Wellington’s leading restaurants to celebrate your venture into property ownership. All you need to do is to be able to tell us that you read of this offer in the Tommy’s Lifestyle magazine and settle a loan with Moneybox. Call us now and take the first step into home ownership and long term financial security not to forget of course, a meal to remember with our compliments.
Till next time