Hanabi Mortgage Solutions

Smile for the day

                            A smile is a sign of joy.

                              A hug is a sign of love.

                        A laugh is a sign of happiness.

                                And a using broker like me....??

                Well, that's a sign of good judgement!!!

3 things to look for in a loan or not; a poem.

The lowest interest rate is always the best
   or not...
you'll last for one year as its guest.

The loans Manager has your best interests at heart
   or not...
a mortgage planner knows better the craft.

To get the discount you'll pay higher fees
   or not...
just keep it simple please.

By David Warren

When does 1 + 1 = 2,4,8,16.....1024?

How many times have you been in a situation whether that be in family, business, sport or a real estate negotiation where two parties have different points of view? I would guess lots of times and compromise is the position usually taken.

What does compromise mean, well it means both sides give and take and as a result 1 + 1 = 1.5 BUT never 2. In other words its a respectful happy medium but never a synergistic win/win outcome. Why not? A synergistic outcome requires both parties to open their minds and hearts to new possibilities, versions or options. To achieve a synergistic outcome takes time and openness in communication to overcome any defensive or protectionism. This in turn produces a high level of co-operation which has a high correlation with the level of trust between the parties. Now, when both communication and co-operation are high a true win/win situation is approached and produces solutions better than either party brought to the original table.

Moving forward, a culture is born between the parties that is highly synergistic and very often creative. This situation may be a one off or the formation of a very productive partnership.

Fight Apathy

My Graphic Designer came across this photo and it has become her inspiration for fighting apathy. Do you suffer from apathy when it comes to having a financial check-up of your mortgage? Act now, and who is the next person you know suffering from a bad case of mortgage apathy? Call me or email me for your mortgage check-up.

David.

How to be prepared for a date

I'm talking about financial dates of course and some of the things you need to know.

If we firstly look at purchases, then you have to know three dates:-

1. the contract date
2. the finance date
3. the settlement date

You need to be prepared for the finance date by asking about the processing times for the lender you have chosen, sometimes these times may place your purchase in jeopardy by way of penalty interest payments because you need to ask for extensions to the finance date. The settlement date is very important, you need to be in touch with your legal partner as they will tell you about the process on the day.

Secondly for refinances you will need payout figures for any credit facility you need closed and make sure you have the Discharge Authority completed early as it is usually the outgoing lender that holds things up.

Your broker plays a very important part in keeping an eye on these dates and it should form part of the limousine experience.

David's free updating client webpage

Hi Folks,

Another new innovation to work with has come to fruition. The function of this secure web-page updating service is to provide my clients with the ability to check in with the progress of their loan 24/7.The web-page will be updated as new information from the lender is made available, thus allowing clients to remain informed throughout the entire loan process without the cost of calling the broker. I hope you will find it a useful aid in following up any future loan you take out.

This service is just another step up above what I call 'the taxi driver experience' to the 'limousine experience'. And to think it's free.

What type of service are you going to be looking for in the future when you are wanting to lend money?

Regards,

David

Interest Rate V Product OR Shape V Size

Do you want the lowest/best interest rate in the market? Of course you do; who doesn't? However, have you thought of the costs involved of acquiring this "market leading interest rate"? Have you thought about the agenda of the lending institute and the narrow suite of products they offer you with their "market leading interest rate"?

So what's the difference between interest rate and product? and how do know what to look for? Well, an interest rate can come in many forms here are some examples: standard variable, fixed, basic, introductory rate, reference rate, honeymoon, investment, interest only etc etc. When people ask me at a BBQ for example about what the best interest rate is, my answer is simple; What do you want it to be? because without knowing anything about their particular situation I'm in no position to give an accurate answer and the 'best' interest rate may not be the best product for them. I then say lets make an appointment to discuss this further.

Now, what about products, they come in many"shapes and sizes" and there is one out there amongst all the lenders that suits you and your needs. The interest rate may not be the lowest; but the fees are, which may more then make-up for the difference in rate. Also, flexibility of the product such as switching  from variable to fixed, no valuation fees, monthly fees, Internet access, and the list goes on.

So which "shape or size" fits you? Remember, its not a "one size fits all"

Do You Know Your Numbers?

Happy new year! Lets make 2009 our best year so far.

I've been making significant improvements to my mortgage consulting practise over the past few months, it's been quite an intense and eye opening experience.

When I say 'Do you know your numbers?', I'm talking about your complete numbers, your income, monthly mortgage payment, and especially your monthly living expenses.

Becoming clear on my monthly living expenses was the real eye opener. By completing a simple spreadsheet I've been able to save myself over $200 per month on expenses I no longer needed.

Because of the value I've received from this process, I'm now freely including this service within my mortgage consulting practise, so if you'd like to know your numbers, let me know and I'll guide you through this important process too.

Sincerely,

David Warren
Your Personal Mortgage Consultant - Lending By Referral