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We supply the following wholesale and retail products at unbeatable price. We will contact you in 24hrs. Email:telesalestips@telesalestips.com Tel: 6494416359 Mobile:0272333993 |
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For most New Zealanders, the goal of owning a home is still achievable. We enjoy helping many to achieve this objective. With current interest rates, many existing home owners are saving $,000s by replacing the current mortgage with a new mortgage at lower rates, and flexibility. Refinancing is a simple process and can be obtained from traditional lenders such as Banks, or the newer lower cost non-bank lenders. Contact us. Today, there are many options available to the home buyer, and these need to be fitted to your needs and circumstances. We can assist in this process in selecting and designing the appropriate mortgage for your current and future needs. You need to be able to demonstrate that you earn sufficient income to service the mortgage repayments and continue to cover other living costs. Most lenders will consider the use of up to 40% of your gross income for mortgage servicing. This places an upper limit on the sum that will be lent. A maximum 95% of purchase price or valuation (whichever is the lower) on owner occupied property. This means you must have a minimum of a 5% deposit. Some lenders charge an extra insurance fee for less than a 20% deposit. A maximum of 80% for Residential Rental property. Normally 40% equity is required for Commercial property purchases. Mixed residential/ commercial properties are treated as commercial for lending criteria. Note your deposit is your initial equity in the home. As your repay the mortgage and/ or the market value of the home changes, so does your equity. Some use the equity in one property to finance another. If you wish to do this remember that the lenders will require security over both properties. Fixed or Floating Rate lending: Available on a principle and interest basis or interest only from a variety of sources to meet your needs. These can be mixed with say a fixed% and a floating % say 80/20. While fixed rates give certainty, early repayments can incur penalties from some lenders. For this reason it is useful to include a floating % in your mortgage. Combined with the flexibility to make extra repayments or direct crediting of salary/wages, the use of the floating rate can lead to a substantially earlier repayment of the mortgage. Rates are constantly changing to reflect treasury and government policies and lenders borrowing costs and margins. Contact us here for samples of the current rates. Please remember that any rates quoted may change prior to the mortgage being approved. Revolving Credit or Redraw Facilities This enables you to fund other spending requirements at Mortgage interest rates. Revolving Credit facilities use the security of your home and cost up to 1% extra. Redraw facilities use the extra $ you have repaid early. There is normally no extra cost in using a redraw facility apart from the interest on the amount drawn. Lenders require a recent Valuation from either a valuer for low equity loans or where equity is high, they will accept the latest government valuation (GV). This is normally included on the rates bill. This can be up to 30 years although some lenders will calculate the difference between your current age and 65, when it is expected you will stop working. A long period can be set initially to achieve a minimum repayment amount and actual payments increased to achieve an earlier complete repayment, and optimise any Redraw facility. In purchasing a home you can expect charges for:
Most lenders will also require that the loan be covered with an appropriate mortgage insurance policy. If you would like an assessment of a possible mortgage for a new home, investment or commercial property or to refinance an existing property, please submit the following form.
The Public Health still provides an excellent service for medical emergencies. Also hospitals provide for non-urgent treatment. This is managed via a booking system, so that people can see how long they may need to wait. People who do not wish to wait, can choose to go to a private hospital or clinic and pay. This can be very expensive. You may choose to cover these costs from savings or a loan on the house, or they can be covered by Medical Insurance. We have experience with a range of Medical Insurance providers, and can normally find the right policy for your circumstances including those with pre-existing conditions. (Those with major medical conditions are unlikely to be fully accepted by a new Insurer and may have "Exclusions or Loadings". We recommend that you maintain your current policy until the new policy, acceptable to you, is in place). Modern Medical Policies are designed to cover 100% of those major In Hospital Surgical and Medical treatment costs of up to $100,000 per operation. Specialists and Test cover can also be added. You pay only your minor medical expenses such as doctors, dental, and prescription charges. The premiums are therefore lower and the protection provided for major costs higher than other competitive policies. With you can choose from a range of excess options from $ 0, 300, 600, or 1200 (choosing a greater excess means an automatic premium reduction.) Modern Medical policies can provide 100% cover for all of the major medical expenses shown below.
They provide for suspension of cover if required, e.g. due to an extended overseas holiday. They also have automatic cover for new-born children, and can cover pre-existing conditions either immediately or after a period. Prior Approval of Claims can be organised. If you have questions you would like answered email us. Q. How long does it take to pay claims?
An Income Protection Policy is reported to be the most comprehensive and cost effective policy on the market. This provides for a continuation of a regular income, in the event of illness or accident and is essential for all self employed with commitments or employers wishing to cover for the absence of key staff.(eg Locum cover). If you don't protect your Income Earning Ability…what are you working so hard for? Your lifetime income could amount to over 2 million dollars. Just think about how much money you are likely to receive over your lifetime from working…(Take your current income and multiply it by the number of years you have until retirement - age 65, to give you a round-about figure). If you owned a machine that produced your income every week…would you look after it?, would you oil it and maintain it?, and would you insure it against being stolen or destroyed? Surprisingly some people would treat that machine better than they would treat themselves or their family. Its surprising because… Statistically, 2 out of 5 people will be unable to work, due to sickness or accident, for at least a 6 month period in their lifetime… and… ACC is not always available in all situations and when available, at modest levels, it covers accident not sickness…but… statistics show that you are far more likely to be disabled due to illness rather than accident - only 25% of patients in Public Hospitals in 1992 had an accident related complaint…plus… sickness is more likely to result in long term disability rather than accident … in fact the average age of claimants from a major Insurance company is only 39…which shows…that this is not just an older persons problem. Most people struggle to establish and maintain their income. This determines their lifestyle and that of their family. The income needs to be consistent to ensure the comfort, security and independence which we all aspire towards and it is only achieved through hard work, good planning and decision making in your chosen business. Think, what would happen to you, your family or business if something beyond your control prevents you from working? While ACC provides some cover for accidents, over 75% of the 270,000 New Zealanders who were unable to work for a significant period last year, were prevented by sickness rather than accident and received no ACC assistance. You probably know several people who have, through no fault of their own , fallen on hard times through illnesses such as strokes, cancer or heart problems. Common questions faced by them which require answers when income ceases are: How will my family and business survive without an income? Will I need to sell my business, house, car etc? WHY TAKE THE RISK WHEN YOU CAN INSURE YOUR FUTURE INCOME! Income Protection Insurance, can remove these risks and provide an income if you are ever too sick, or injured, to work. For a small portion of your current income, you can provide the protection you need. Your contribution can also be tax deductible. This provides for a continuation of a regular income, and is essential for all self employed with financial commitments. All Income Protection policies are specifically designed for each client. You may select from a range of benefit and wait periods. The shorter the benefit period on a claim, the lower the premium. Conversely the longer the wait period before a benefit is paid, the lower the premium. We also cover other personal Insurance such as 1. Older Life Insurance Policies Business Insurance 1.Business Insurance Winston saga |
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Telesalestips, Winston
Saga, Ph: (64 9) 441-6359, Fax: (64 9) 441-6396 telesalestips@telesalestips.com © Copyright TELESALESTIPS - 2004, ALL RIGHTS RESERVED Last updated: 29.03.2008 |
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