For most of us, getting a mortgage will be the biggest financial decision we ever make. There are two ways to seek a mortgage, either connecting with a bank directly or using a Global Finance mortgage adviser. When dealing with a bank, you need to rely on your access to market, your negotiation skills to secure the best deal, and knowledge of how to structure your loan.

For many people this is a daunting task, which is where a Global Finance mortgage adviser can prove their expertise, allowing you to save interest on your loan while paying it off as quickly as possible.

Global Finance advisers know the industry as a result of years of experience, supplier access, and training. They have relationships with multiple lenders (not just the obvious ones) which allows them to shop around on your behalf for the best deal. They will work with you to have a loan application presented in the best way to get it approved, and then complete regularly reviews with you to make sure your loan continues to be structured to suit your changing needs.

The ability to protect your income, which allows you to pay your mortgage, means insurance is a critical consideration. Insurance can be complicated, so a Global Finance insurance adviser can help you understand the details of a policy while working out what level of cover you need so that you and your financial liabilities are properly protected. Global Finance insurance advisers have extensive knowledge of the insurance market and provide the support needed to navigate every stage of your insurance protection journey; from the need to application, and from review to managing the claim process.

Global Finance has won over 40 awards since its inception in 1999. We have helped over 5,000 families with their first home, growing their property portfolio or buying a business or commercial property. We take the time to under your needs and goals and tailor a solution to fit your unique requirements. Our belief is in efficient, personalized service along with ongoing support. We have arranged over $5 billion of housing, business and commercial loans since our beginning. Our current loan approval rate is consistently over 90%.

Our Interest Saver Plan ensures thousands of dollars of interest never get paid by our customers allowing them to become debt free faster according to their capacity We have arranged more than $2.5 billion of life and personal risk insurance cover so far. We have had a 100% success rate, to date, in settling insurance claims in the case of unfortunate death or terminal illness.

By using a Global Finance adviser, the advice you receive can put you in a better financial position than before you received it.

The post The benefits of using Global Finance Mortgage and Insurance Advisers appeared first on Global Finance.

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How to protect yourself from upward interest rate movements?

Recently there has been media speculation about a ‘global economic Armageddon’ that would see large increases in home loan interest rates. On the other hand, some experts have said home loan rates will likely rise a bit in 2018 but are not expected to take a big jump up. One thing we can all agree on is interest rates move around both up, and down, and no-one has a crystal ball when it comes to predicting rate movement.

As a homeowner with a mortgage, you have no control over the external global environment that dictates at what level rates sit, but you do have control over your household budget and the way your home loan is structured.

If you are worried that your home loan might be hit by rising interest rates, there are some techniques Global Finance can employ to reduce any concern.

Global Finance is ready to help you re-structure your home loan, using a number of techniques successfully tested over the past 19 years, which has helped thousands of customers pay less interest and pay their home loans off faster.

Protect your most important asset – your income

In New Zealand:

• 80% of households have vehicle insurance
• 70% have home contents insurance
• 60% have home insurance
• Only 20% have income protection insurance

We insure our car because we want to protect ourselves if the vehicle is involved in an accident. We insure our home to protect us from fire, robbery or a natural disaster. So, we insure our cars and homes but not our incomes

Each year 54,800 households experienced an illness that meant that an individual was unable to work for 3 months or more.

Most people severely underestimate the likelihood of being off work for a long period of time caused by illness. For employed 18-64 year-old New Zealanders, the likelihood of being off work for 6 months or more is twice of that following an accident.

Most people don’t understand that WINZ or ACC may not be able to help them cover 100% of their income if an illness means they are not able to work. If a partner’s income is greater than $30,000, this will preclude them from receiving the Job Seeker allowance. Also, ACC does not cover long-term illness that prevents employment in all cases.

Many families are vulnerable if one of the earners becomes ill and is unable to work with 45% of households having only a four-week buffer to pay bills once any sick leave, annual leave and savings are taken into account.

Speak to us about how to protect your income in the event of illness.

1. Early Romans used salt as a form of money. In fact, the word “salary” comes from sal, which means “salt” in Latin.
2. The phrase “to pay through the nose” has its roots from the Danes in Ireland. The Danes would slit the noses of the Irish who would not pay a Danish poll tax.
3. The word “cash” is from the ancient Chinese, who carried their coins in bundles on strings. A bundle of a hundred coins was called one cash. The Chinese probably got the word from the Portuguese who called their coins caixa, pronounced “cash-a.”
4. All the gold discovered in the world would be a cube between 62 feet and 82 feet along each side, which would fit into a tennis court.
5. The U.S. Secret Service was originally created on July 5, 1865, during the Civil War to fight counterfeiting, which was a huge problem. By the end of the war, between 1/3 and 1/2 of all U.S. paper currency in circulation was counterfeit.

“I have known Mr. Ajay and his team for more than 12 years. Global Financial Services was instrumental in reducing my mortgage from 30 years to just 9 years. We have used their services all these years for obtaining loans/mortgage and at no time we have been let down. In fact, there were instances when other financial institutions/mortgage advisers either failed or could not come up to our expectations, Global Financial Services have managed to exceed our expectations. I can, without any hesitation, affirm that Mr. Ajay and his team are the best in the job in Auckland.”  – Stanley. B

“Have been with Global Finance for more than 14 years and Global has always been on the mark.Always willing to assist, be it Mortgage loans, Insurance working in the interest of his customers. Their recommendations are sound and extremely non-biased giving us the best deal “covering the capital and sustaining the interest”. Highly recommended, trustworthy, honest and most reliable. Thank you, Global, Ajay and his team for all the support through the last decade. Your contribution to our financial wellbeing has been invaluable. Keep up the good work.” – Jerome. D

The post Global Finance’s Newsletter on March 2018 appeared first on Global Finance.

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Considered one of New Zealand’s best-kept secrets, unless you have had the pleasure of dealing with them, Global Finance turned 19 years old in March 2018.

The company’s founder and Managing Director, Ajay Kumar explains; “When I started this business soon after immigrating to New Zealand I had a vision to support all New Zealanders, who valued financial advice. With my banking and insurance knowledge, I observed that there was so little education and knowledge regarding mortgages and insurance products that are an important part of people’s daily life. I wanted Global Finance customers to know more and consequently have better financial choices in their lives.”

Nearly two decades later, Global Finance has provided advice to over 5000 families, arranging over $5 billion in lending and ensured their appropriate financial security with more than $3 billion in insurance policies set in place.

One thing Global Finance have never lost sight of over the last 19 years is their reason for being – The Customer. In 2015 Global Finance was one of the first financial service advisory businesses to win ‘Excellence in Customer Service’ at the Auckland Chamber of Commerce and ATEED Westpac Auckland Business Awards. The 2016 awards saw them collect the gong for ‘Marketing, and in the same year, the inaugural Deloittes Fast 50 Award for ‘Fastest growing mature business. In fact, Global Finance has received over 40 awards since it started business.

Global Finance’s ability to deliver to the founding vision is only because they have been able to meet their customers’ expectations in a way that is relevant to them. This is why through there 2016 branding refresh they landed on the essence of what the business strives for on behalf of customers – ‘your best interest’.

Global Finance have sustained an average growth in the customers they serve exceeding 25% per annum over the last 5 years. They see more customers increasingly experiencing frustration at the lack of service and the inability to get across-the-market advice from traditional providers. Global Finance’s mantra has become ‘it’s about advice, not price’ in the face of large-scale advertising that seems appealing but, following a consultation, may not provide the best outcome for the customer.

Global Finance is constantly looking to improve, and it is this attitude that will stand them in very good stead to continue to provide New Zealanders with many more years of excellence in customer service in your best interest.

The post Global Finance delivers financial support to New Zealanders for nearly two decades appeared first on Global Finance.

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How to protect yourself from upward interest rate movements?

Recently there has been media speculation about a ‘global economic Armageddon’ that would see large increases in home loan interest rates. On the other hand, some experts have said home loan rates will likely rise a bit in 2018 but are not expected to take a big jump up. One thing we can all agree on is interest rates move around both up, and down, and no-one has a crystal ball when it comes to predicting rate movement.

As a homeowner with a mortgage, you have no control over the external global environment that dictates at what level rates sit, but you do have control over your household budget and the way your home loan is structured.

If you are worried that your home loan might be hit by rising interest rates, there are some techniques Global Finance can employ to reduce any concern.

Global Finance is ready to help you re-structure your home loan, using a number of techniques successfully tested over the past 19 years, which has helped thousands of customers pay less interest and pay their home loans off faster.

Protect your most important asset – your income

In New Zealand:

• 80% of households have vehicle insurance
• 70% have home contents insurance
• 60% have home insurance
• Only 20% have income protection insurance

We insure our car because we want to protect ourselves if the vehicle is involved in an accident. We insure our home to protect us from fire, robbery or a natural disaster. So, we insure our cars and homes but not our incomes

Each year 54,800 households experienced an illness that meant that an individual was unable to work for 3 months or more.

Most people severely underestimate the likelihood of being off work for a long period of time caused by illness. For employed 18-64 year-old New Zealanders, the likelihood of being off work for 6 months or more is twice of that following an accident.

Most people don’t understand that WINZ or ACC may not be able to help them cover 100% of their income if an illness means they are not able to work. If a partner’s income is greater than $30,000, this will preclude them from receiving the Job Seeker allowance. Also, ACC does not cover long-term illness that prevents employment in all cases.

Many families are vulnerable if one of the earners becomes ill and is unable to work with 45% of households having only a four-week buffer to pay bills once any sick leave, annual leave and savings are taken into account.

Speak to us about how to protect your income in the event of illness.

1. Early Romans used salt as a form of money. In fact, the word “salary” comes from sal, which means “salt” in Latin.
2. The phrase “to pay through the nose” has its roots from the Danes in Ireland. The Danes would slit the noses of the Irish who would not pay a Danish poll tax.
3. The word “cash” is from the ancient Chinese, who carried their coins in bundles on strings. A bundle of a hundred coins was called one cash. The Chinese probably got the word from the Portuguese who called their coins caixa, pronounced “cash-a.”
4. All the gold discovered in the world would be a cube between 62 feet and 82 feet along each side, which would fit into a tennis court.
5. The U.S. Secret Service was originally created on July 5, 1865, during the Civil War to fight counterfeiting, which was a huge problem. By the end of the war, between 1/3 and 1/2 of all U.S. paper currency in circulation was counterfeit.

“I have known Mr. Ajay and his team for more than 12 years. Global Financial Services was instrumental in reducing my mortgage from 30 years to just 9 years. We have used their services all these years for obtaining loans/mortgage and at no time we have been let down. In fact, there were instances when other financial institutions/mortgage advisers either failed or could not come up to our expectations, Global Financial Services have managed to exceed our expectations. I can, without any hesitation, affirm that Mr. Ajay and his team are the best in the job in Auckland.”  – Stanley. B

“Have been with Global Finance for more than 14 years and Global has always been on the mark.Always willing to assist, be it Mortgage loans, Insurance working in the interest of his customers. Their recommendations are sound and extremely non-biased giving us the best deal “covering the capital and sustaining the interest”. Highly recommended, trustworthy, honest and most reliable. Thank you, Global, Ajay and his team for all the support through the last decade. Your contribution to our financial wellbeing has been invaluable. Keep up the good work.” – Jerome. D

The post Global Finance’s Newsletter on March 2018 appeared first on Global Finance.

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If your child suffered a serious illness or injury, would you be able to take time off to attend treatment?

Imagine how hard it would be to support your sick child, pay your mortgage, maintain your household expenses or support the rest of your family?

Whilst insurance can’t prevent serious illness & injuries from occurring, it can protect your family from the financial consequences such misfortune can bring.

Trauma Insurance for Children can be taken out standalone or as part of a family package. Flat rate pricing for ages 2-21. Affordable at $1 a month per $10,000 of cover for Progressive Care.

For greater protection and peace of mind that gives you financial flexibility to be with your child in a challenging time talk to us today!
Call: 09 255 5500
Email: insurance@globalfinance.co.nz

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The post Worried about rising interest rates? appeared first on Global Finance.

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1. The promoter is: Global Financial Services Ltd whose registered office is at 19-22/203 Kirkbride Road, Airport Oaks, Auckland.
2. The competition is open to residents of New Zealand aged 18 years or over except employees of GFS Ltd and their close relatives and anyone otherwise connected with the organisation or judging of the competition.
3. There is no entry fee and no purchase necessary to enter this competition.
4. By entering this competition, an entrant is indicating his/her agreement to be bound by these terms and conditions.
5. Route to entry for the competition and details of how to enter is via Facebook www.facebook.com/GFSNZ
6. Only one entry will be accepted per person. Multiple entries from the same person will be disqualified.
7. Closing date for entry will be Friday, 28 July 2017 on 23:59.  After this date no further entries to the competition will be permitted.
8. No responsibility can be accepted for entries not received for whatever reason.
9. The rules of the competition and how to enter are as follows:

1. The consumer must answer our question by commenting the radio station they listen to and the time they listen to the radio station.
2. There is no right or wrong answers for this competition.

10. The promoter reserves the right to cancel or amend the competition and these terms and conditions without notice in the event of any actual or anticipated breach of any applicable law or regulation or any other event outside of the promoter’s control. Any changes to the competition will be notified to entrants as soon as possible by the promoter.
11. The prize is as follows:
    A Countdown Shopping Voucher to the value of NZ$ 50.
12. The prize is as stated and no cash or other alternatives will be offered.  The prize is not transferable. The Prize is subject to availability and we reserve the right to substitute any prize with another of equivalent value without giving notice.
13. The winner will be chosen by a lucky draw, from all entries received and verified by Promoter.
14. The winner will be notified through their Facebook messages within 10 working days of the closing date. If the winner cannot be contacted or do not claim the prize within 14 days of notification, we reserve the right to withdraw the prize from the winner and pick a replacement winner.
15. The promoter will notify the winner when and where the prize can be collected/is delivered.
16. The promoter’s decision in respect of all matters to do with the competition will be final and no correspondence will be entered into.
17. By entering this competition, an entrant is indicating his/her agreement to be bound by these terms and conditions.
18. The competition and these terms and conditions will be governed by law.
19. The winner agrees to the use of his/her name and image in any publicity material, as well as their entry. Any personal data relating to the winner or any other entrants will be used solely in accordance with current NZ data protection legislation and will not be disclosed to a third party without the entrant’s prior consent.
20. The winner’s name will be available 10 working days after closing date by emailing the following address: info@globalfinance.co.nz
21. Entry into the competition will be deemed as acceptance of these terms and conditions.

This promotion is in no way sponsored, endorsed or administered by, or associated with, Facebook, Twitter or any other Social Network. You are providing your information to GFS Ltd and not to any other party.

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No matter what background we have or what country we or our forebears come from, there is no doubt New Zealand offers opportunities to those prepared to work for them. This pioneering spirit in a modern world has become more often referred to as our entrepreneurial spirit…where grit and determination meets execution! We can spend time working for ‘the man’, building our know-how and experience or we are already experienced business people from other places, and one day we think, ‘I could do this myself. Take my dream, start a business, (or start again), employ some help. I don’t want an empire, I just want to work for myself and get a lifestyle out of it for me and my family.’

This attitude is so common that small to medium sized enterprises (SMEs) in New Zealand employing five or fewer people now number over 430,000, employing more than 560,000 people representing immeasurable worth to the national economy (GDP).  But there’s a threat lurking beneath these impressive statistics: research tells us that New Zealanders are underinsured compared with other countries, with only about a third of the investment other OECD nations put into protecting the livelihoods of the people producing this GDP. At GFS there is too often evidence that business owners, many of whom are the key person in the business, frequently lack some or all of the cover they need.

This is in part because many see insurance as expenditure rather than protecting their dream. One role of GFS is to show people than insurance is not a cost, but on the contrary a vital element of financial wellbeing. A second role is to provide products and services that facilitate that wellbeing.
The diagram shows all the parties at risk in ‘The Circle of Life’. The business is underpinned by its key people, who are subject to general life risks – accident or illness that could leave them temporarily or permanently unable to contribute to the business.

That financial impact flows on to the owner/s of the business (often also a key person), who is responsible for the debt, both visible and invisible. Some owners think they don’t need business or key person cover because they don’t see any outstanding debt – they wholly own the business and the business assets such as vehicles and so on.

However, that’s just the visible debt. The cost of exiting is invisible – if you suddenly had to close the business, what would it cost you to pay all current utility bills, rates, holiday pay and other entitlements? What about your lease commitments too? Too often these issues can be overlooked.

Then there are the families; the people supported by the business. What does the owner’s lifestyle cost? What about their staff’s lifestyles? Who and what is dependent on the business, and what happens if that revenue stream drops or stops? But of course, ‘the circle of life’ only completes because the business also is dependent on the very people needed to drive revenue.

The advice GFS offer their clients looks to deal with this value chain. Certainly, it is the responsibility of business owners and key people to seek advice to get the cover they need. But GFS bear equal responsibility, in that they must help to simplify this process and support their clients transfer of any financial liability they are uncomfortable with should a life risk event strike. Getting the insurance you need should not be complicated or expensive relative to the risks you face – Talk to GFS today about how they can help you.

Call 09 2555500 email insurance@globalfinance.co.nz

The post New Zealand-A land of opportunity but not without risk appeared first on Global Finance.

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Looking for buying a first home in New Zealand? Need best mortgage rates? This blog can give you bit insights for negotiating the best mortgage deals in New Zealand.

1) Know your Equity
Equity (Your share in your house) = Assets – Liability
Banks prefer customers with a strong equity for several reasons.
Loans <60% over property value tends to receive better rates from some banks, however, banks do not always disclose your equity. As your partner, we can estimate your share in the property and tell you what offers you can potentially receive from the banks. Our unique Interest Saver Plan will enable you to pay off your mortgage faster while keeping it affordable and thus increase your share in your property.

2) Negotiate
Pit the banks against each other to see which bank offers the best mortgage deal. Appointing an advocate like us, with skilled negotiators, will ensure you receive the best possible rates and cash back proposition in the market.

3) Know your structure
Decide what structure you want at the start of the process. With tight lending criteria and reduced available funding, some banks prefer customers who choose to pay principal & interest on their loans compared to interest only repayments.  Deciding upfront how you will split your loan between fixed and floating and whether you will make principal and interest or interest only repayments may affect your rates and cash back. GFS can help you decide the best combination of fixed and floating rates that match your financial situation.

4) Split your loans
Putting all your loans in one bank may affect the rate and cash back you get on your overall loan portfolio. Often, splitting the loan across multiple banks can increase your cash back amount and lower the interest rate you get. We keep abreast of the daily movement in the market and can suggest the combination of banks most suitable to your needs.

5) Deal with a broker
On a day-to-day basis, it may be difficult for you to take time off work and approach all banks to negotiate the best deal. A mortgage broker such as Global Finance has the knowledge and access to multiple banks and can do the legwork for you to negotiate the best mortgage deal in the market to suit your individual needs.

Who we are
Global Financial Services is a mortgage & personal risk advisory company.  We’ve been helping Kiwi families reach their dreams for 18+ years. We are highly respected, trusted & awarded mortgage brokers in Auckland, NZ.  Whether it is buying their first home, growing their property portfolio or buying a business or commercial property, GFS will advise you on how to pay it off faster by saving unnecessary interest.

We assist our customers to acquire that important insurance that protects a person or entity from extreme financial loss or liability due to an unfortunate emergency, accident or negative unforeseen event.

At our core is efficient, personal service and ongoing support because we have our customers ‘best interest’ at heart.

What we do

• Mortgages
• Business Loans
• Commercial Loans
• Interest Saver Plans – also known as restructuring plans these are tailored to you and targeted at getting you mortgage-free sooner, based on your capacity to repay your mortgage.
• Insurances – Life, Trauma or Critical Illness, Total and Permanent Disability, Health, Income Protection, Mortgage Protection and Business Protection Insurance.

Scope of service

GFS take time to understand the needs and goals of our customers and tailor fit a solution to each one’s unique requirements.   We have experienced just about every type of scenario imaginable when it comes to lending which gives us the knowledge on how best to present each case to get the best possible financial outcome.  We partner with our customers on their journey in the following way:

• We look after the transaction to make sure it goes smoothly so you don’t lose sleep over it.
• We answer all questions and address all concerns for the life of the mortgage (and thereafter!)
• We work to ensure you know everything there is to know about your mortgage, insurance, credit, and budget.
• We ensure that a mortgage or insurance cover matches your specific needs and goals.
• We work closely with respected lending and insurance institutions to ensure there are no issues. If there is, we work to ensure any issues get resolved so you don’t lose any sleep.
• We help you at the time of an insurance claim and am proud to have a 100% settlement ratio in respect of life insurance.
• Our services is FREE.  You don’t pay for our mortgage or insurance services because the banks and insurance companies pay us a commission once your loan or insurance is settled or drawn down. (T’s &C’s apply, for more information please ask for our disclosure statement)

The post Five critical points for negotiating the best mortgage deals in NZ appeared first on Global Finance.

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Tactical Approach to Outsmart Housing Crisis and Prices!

Auckland property market is in imbalance.  Although this imbalance is not huge, it is still there, but I strongly disagree that there is a crisis.  We see a shortage in the housing market, yes, but it cannot be termed as a crisis.  Houses are available to either rent or to buy.
Whenever demand exceeds supply, prices are bound to go up.  The housing market is no exception but the good thing about it is that due to lower interest rates prevailing, mortgage payments are still affordable to most of the home owners.
The main reason for making home ownership unreachable is the lending criteria set by banks. There was a time when you could buy a house with a 5% deposit, whereas now, generally, it is
10-20%. With proper planning, you can afford to buy your first home sooner than you think.  So, start planning now!
GFS is ready to help you, not only in buying your home, but also to make you mortgage free sooner by reducing your interest cost.
GFS won many industry awards for its innovative Interest Saver Plan.

Did you know how important your income is? With school holidays around the corner, there is often holiday expenses including presents for those who are about to catch up with loved ones and so on – imagine no income to be able to support yourself and your family let alone buy presents if you were to suffer an illness or injury. Many families are vulnerable with 47% of employed 18-64 year olds being unable to pay all of their current household expenses and maintain their standard of living only 4 weeks after their sick leave, annual leave and savings had been used up! 1.54 million New Zealanders (76% of 18 -64 year olds) have no income protection that could save their financial lives in the event of an illness or injury. If this worries you call us now!

We conducted a survey to identify the areas of importance why consumers would contact a Mortgage & Insurance adviser/company.

Which of the following offerings would attract you to contact a mortgage and insurance adviser? 

We received the following response

“We would like to take this opportunity to express our sincere gratitude for your patience, help and guidance given to us right from the beginning when we were interested in the property. Had it not been for you and your team, our dream of securing this property would not have been fulfilled.”

“We have been with Global Finance for the past 6 years. They helped us get a home loan when most banks had declined our application. They have kept in contact and went through a review when they thought we needed it. Well done. Awesome service”.

The post A bit of Global Finance’s Newsletter Quarter 1 appeared first on Global Finance.

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