Debunking 7 common myths about insurance coverage
Global Finance Blog
by Global Finance
2w ago
Like it or not, insurance is a critical aspect of financial planning. Yet it is often surrounded by myths and misconceptions that can lead to confusion or even put people off from taking it out altogether. Want to make informed decisions about your financial future? Then dispelling these insurance myths is a crucial part of the process. Only by understanding the realities of insurance and debunking common misconceptions can you make confident choices for you, your family or your business. Insurance is a safety net To clear up some of these common misunderstandings, we spoke with Yamini Agrawal ..read more
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Maximising mortgage savings: understanding offset mortgages and revolving credit loans
Global Finance Blog
by Global Finance
1M ago
Mortgages should not just be set and forget. Times change, circumstances change and bank policies change. That’s why we’re here. Our job is to help homeowners optimise their mortgage arrangements so they can get rid of debt faster. But for that to happen, mortgage holders need to have the right home loan fit and more importantly, they need to fully understand the ins and outs of that mortgage product. To quote Aseem Agarwal, Head of Mortgages at Global Finance, “Knowing the product is one thing, using the product is another. Only by knowing that the product is right for you, and how to use it ..read more
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The Importance of Personal Insurance for Long-Term Visa Holders in New Zealand
Global Finance Blog
by Global Finance
1M ago
New Zealand has become an increasingly popular destination for skilled professionals. As of 20 May 2024, Immigration New Zealand (INZ) had approved 120,065 AEWV applications, and there are 35,591 accredited employers. The long-term employer-accredited visa (AEWV) allows approved employers to hire skilled workers on visas for two to five years and provides a pathway to permanent residency in NZ. Working overseas offers opportunities for career advancement, adventure and a better quality of life. However, it also comes with challenges, which is why we strongly recommend long-term visa holders co ..read more
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Buying insurance online: Why you need an advisor by your side
Global Finance Blog
by Global Finance
1M ago
Insurance is a safety net for when life takes an unexpected turn. And in today’s digital age, buying insurance online might seem like a convenient and cost-effective solution. However, doing so can leave you vulnerable when you need protection the most. When it comes to insurance, beware the promise of simplicity. Insurance is complex, and having an experienced insurance advisor on your team will cost you no more than buying online. In fact, it may well be cheaper and when you need us most, we’ll be there. Insurance options galore Buying insurance online can seem like a quick and easy solution ..read more
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What other sources of income can boost my home loan eligibility?
Global Finance Blog
by Global Finance
2M ago
Are you in the market to buy a home but much of your income comes from commissions or bonuses? Have you unhappily discovered that your mortgage eligibility is falling short of your expectations? Don’t worry. The bank may turn you down based on how much your main income is, but that does not always mean you have to rush out a get a second job. Extra income from overtime, bonuses or commission could be the key to securing a larger loan. Aseem Agarwal, Head of Mortgages at Global Finance, explains how. Making the most of your main job “What we sometimes see are people who are working full time, b ..read more
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How to navigate multi offer situation when putting an offer on a property?
Global Finance Blog
by Global Finance
2M ago
Wanting a buy a property? Found a house you really like that ticks all the boxes? Problem is that if you like the property and think it is a good buy, chances are that other prospective homebuyers will probably feel the same way. They may also want to make an offer on the property. A multi-offer situation occurs when more than one buyer makes a written offer on a property. It is most likely to occur when a property gets passed in auction, although a pre-auction or pre-tender offer can also turn into a multi-offer. According to OneRoof, “half the properties for sale in some of the main cities e ..read more
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Will a second job help me get a mortgage?
Global Finance Blog
by Global Finance
2M ago
Can a second job help you when it comes to getting a home loan from the bank? The answer is yes. A second job can definitely help you secure a bigger mortgage and according to Aseem Agarwal, Head of Mortgages at Global Finance having more than one job is becoming a more common scenario. “On average almost 20% of customers are holding down more than one job in order to meet the bank’s lending criteria”. Assem adds that with the cost-of-living crisis and stricter lending criteria, holding multiple jobs is more common than what it was before the pandemic. Professor Gail Pacheco, director of the N ..read more
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Exciting Changes to Bank Lending Criteria in 2024: Insights from Global Finance
Global Finance Blog
by Global Finance
3M ago
Coming up are anticipated shifts in bank lending criteria in New Zealand that could significantly impact investors: namely changes to the bright-line test and the introduction of a debt-to-income ratio. As an investor or homebuyer, what could these changes mean for you? We asked Aseem Agarwal, Head of Mortgages at Global Finance. Bright-line test changes “The bright-line test on investment properties is poised to revert to a two-year period for both existing and new-build properties.” Dubbed by some as an anti-flipper test, the bright-line test is a de facto capital gains tax. Essentially, und ..read more
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The impact of external debts on getting a home loan
Global Finance Blog
by Global Finance
4M ago
“Just because a bank has told you that you don’t qualify for a bank loan, don’t just take this as an absolute NO or assume that other banks will also turn down your home loan application because there’s something wrong in your profile.” it should not be viewed as the end of the homeownership road. An experienced and competent mortgage broker like Global Finance can look upon it as an opportunity to reassess your financial profile and explore alternative avenues for securing financing. Aseem Agarwal, Head of Mortgages at Global Finance says. When trying to secure a home loan, don’t look at a re ..read more
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Global Finance Celebrates a Quarter Century of Empowering Financial Journeys
Global Finance Blog
by Global Finance
4M ago
Global Finance, a leading name in the mortgage brokerage industry, proudly marks its 25th anniversary, a significant milestone that highlights its long-standing commitment to providing exceptional financial solutions and services. Established in 1999 , Global Finance has been at the forefront of financial innovation, helping clients navigate the complexities of mortgages, loans, and Personal risk insurances. Over the past two and a half decades, Global Finance has grown from a modest operation into a trusted financial partner for thousands of individuals and businesses. The company’s dedicatio ..read more
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