Money Matters

moneymatters

Is less…more? The pros and cons of having all your properties with one bank.

Very often, investors make the mistake of thinking that specific loans are secured against specific properties. This mistake can come to a head once you decide to sell a property or extend your investment portfolio.

Traps of having all your properties with one lender:

1) When you sell a house, your bank can have first dibs on the money you can make from that sale. I came across a couple who were going to use the sale of a house for their retirement, however the bank took the whole lot to pay down another loan secured against their property. 2) If you have all of your lending with one institution, then you have access to their lending criteria alone. If the bank says “no” to your urgent or important plan, then to move to another lender could take time and be costly in terms of fees, valuations and lost interest rates.

Benefits of having all your properties with one lender:

1) Banks provide better rates to clients with bigger mortgages, so loans over $500,000 usually grab the lender’s attention. Their calculations are based around how much money they will make on the application. 2) One login, one banking relationship and less administration. It is this convenience factor that the bank sells to get your business.

A good mortgage advisor will help you with these big-picture decisions, taking into account your existing and long-term plans.

Ivan Urlich BPlan, DipBusStuds Mortgage Advisor / Register Financial Advisor

National Certificate in Financial Services Level 5

For further details, feel free to contact Ivan on 09 427 5870 or 0275 775 995 or email ivan@ivanurlich.co.nz Ivan Urlich is a registered financial adviser, his disclosure statement is available free of charge on request.

P E A

09 427 5870 M 027 577 5995 ivan@ivanurlich.co.nz PO Box 310-166 Red beach Auckland 0945

www.mikepero.co.nz

Mortgages Insurance Personal Loans Debt Consolidation

We all learn as children the importance of looking after our teeth, but what about our pets? The good news is that our pets are usually born with healthy mouths – with bright white teeth and firm pink (or pigmented) gums.

However from a very early age, food material, bacteria and saliva are deposited naturally and continuously on the surface of the teeth and gums forming plaque.

As plaque accumulates, toxins produced by the plaque bacteria cause inflammation of the gum tissue – termed gingivitis. These toxins can also be absorbed into the bloodstream and have detrimental effects on the kidneys and other vital organs.

At the same time as this the plaque may also become mineralised, forming calculus (tartar), which is usually very tightly bonded to the tooth surface. This is also frequently accompanied by bad breath! If gingivitis is allowed to go unchecked, the plaque bacteria will start to penetrate below the gum line, leading to destruction of the bone and other supporting structures – a condition termed periodontitis. This is a far more serious condition and – if left untreated – results in tooth loosening and eventual tooth loss.

If your pet’s breath leaves a little to be desired, we are here to help! Dental disease is best prevented but, failing that, early diagnosis and treatment of problems can make a real difference to your pet’s health. The use of dental biscuits as a preventative and regular examination and de-scaling when and if required does make a difference!

For more information call Brett and his team at Silverdale Vet Centre (09) 426 5407

Proud to be your franchise owners in Millwater

Sell with us & we could save you thousands.

Our fees are 2.95% up to $390,000 thereafter 1.95% + admin fee + gst.

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Grayson & Sarah Furniss