Page 1 - December Newsletter papakura

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P A P A K U R A
Life Property

December 2019

Insight, Advice, News, Guidance and Entertainment

Tis the season!! To refinance the mortgage?

With Christmas and the New Year approaching we

tend to reflect on the year but also plan for the New

Year ahead. 2020 sounds like it's going to be

GREAT, check out our article to make it even greater!

FIVE COMMON MORTGAGE MISTAKES

Mortgage adviser Ryan Smuts, often see's clients who aren't managing their home loans in
the most effective way. Here are the most common mortgage mistakes he sees.

NOT SHOPPING AROUND
People often go straight to their own bank for a home loan, rather than comparing products

& prices. The problem with that is, their bank can offer them only one product - their own.
Home Loan rates vary a lot from bank to bank. Lenders compete for market share so, at
certain times, they can be more aggressive with their pricing and also what they're prepared

to offer clients.
Discuss your options with a mortgage adviser. They'll help you access a larger portion of

the market. Use their expertise to get the best deal for you.

GOING INTEREST - ONLY

Some homeowners structure their loans to pay interest only, rather than interest plus
principal. It looks like a cheaper option on the face of it, but there are fish hooks.

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Life Property

is happily brought to you by
Chris Grantham 0274 960 959 c.grantham@barfoot.co.nz

Karen McGehan 027 296 1449 k.mcgehan@barfoot.co.nz