About Geoff Peterson
I have access to home loans from a wide panel of major banks and secure lenders, and I truly understand home finance in a real estate context. Getting your home loan sorted out early can ensure you are in the best position to negotiate for your home on your own terms. And while the home loan application process can seem daunting, it is often simpler than most people think.
First Home Buyers
Buying your first home is an exciting experience, but there is a lot to think about. I make the home loan application process as smooth and easy as possible, so you can concentrate on finding the right home. As part of my service, I will help you to understand the types of home loans available to you and will assist you in choosing the right one for your situation. If you are eligible for the First Home Owners Grant or any state government first home buyer assistance, I will help you fill in the paperwork.
Home Loan Pre–approval
Home loan pre–approval is a great way to ensure you know how much you can afford to pay for a property before you even start looking. A written pre–approval can also give you an advantage when negotiating on a property with a vendor, as opposed to someone who has no pre–approval or finance in place. Home loan pre–approval is generally valid for about three months, and you will still need a satisfactory valuation on the property you intend to purchase before your pre–approval can progress to a full loan approval.
Property Investment Loans
Property investment can be a smart wealth creation strategy, if you get it right. And that doesn’t just mean finding the right property – you need the right investment finance as well. Your investment loan package should be tailored to your investment strategy and goals.
"Whether you are an experienced property investor with a big portfolio, or just starting out with your first property, I can help you get the right investment loan for your circumstances."
Debt consolidation can be a handy solution when you are struggling with repayments on several debts, such as your home loan, credit cards and personal loans. Debt consolidation works by combining all those debts into your home loan, which is generally the debt with the lowest interest rate. Because the interest rate is lower, and the loan term is usually longer, your monthly repayments will drop, giving you a bit of breathing space.
Business Loans Commercial Loans
Good business finance is invaluable when purchasing and growing your business. Business and commercial loan options vary depending on whether you are a start–up or existing business. Whether you are buying commercial property, undertaking property development, expanding your business or need some cash–flow funding, assistance from an expert commercial finance broker will be invaluable.
They are local residents, new immigrants and overseas investors, and with my service being mobile I can meet you at a convenient location across Auckland, and over the telephone and by email as well.
Let’s talk about LVRs. Did they actually change?
Not exactly. What has changed is the Reserve Bank of NZ’s requirements of trading banks in NZ to abide by mandated rules that had been put in place.
Money is cheap, but is it easy to get?
In what is close to the perfect storm for our business, money is the cheapest it has ever been, but it has also never been harder to access.
To break or not to break, that is the question.
With Interest rates at an all-time low, a lot of people are thinking about breaking their current fixed rate to reset at something lower. This is effectively breaking the contract you have signed with the bank, the benefit on the face of it appears obvious for the borrower – stop paying an old fixed rate above 4% and start paying a new rate of perhaps 2.79%.