Jack Windler

💰🏠

2pm - OCR drops -0.25% down to 5.25%
2.20pm - One of the Banks emails mortgage advisers reduced interest rates offering

Things are happening fast! I have a feeling this market is really going to heat up.

Especially over the last week, my phone is going nuts with current and new clients either wanting pre-approval or moving straight to putting in offers.

If you are thinking of buying or want to review your current lending , the time really is now.

As we step into a promising 2024 for New Zealand’s property landscape after the recent elections, this weekends event is just in the nick of time!

On Sunday I will be sharing the stage with property expert Steve Goodey - Property Coach and a lineup of industry specialist who are geared up to equip you with tangible takeaways, valuable insights, expert guidance and a powerful set of strategic tools to fill your investment toolkit for the upcoming year.

📅 Event Date: 5 November 2023
🏢 Venue: Eden Park Auckland
⏰ Time : 9am to 5:30pm

Use the code “MSUPPLY15” for a 15% discount on your ticket.
Secure your spot by clicking the link below!

Steve Goodey's Cashflow Property Bootcamp Auckland 2023 Unlock 2024's Property Jackpot with Steve Goodey—Your Fast-Track to Cashflow Gold! Let's turn talk into action.

💰🏠 Come say Hi to me and the team at the at ASB Showgrounds Friday, Saturday and Sunday!
Come eat these lollies because I’ve had way too many already 🤦‍♀️😂
This event is bigger and better than April so many good exhibitors on display

Day 1 at 🏠

The place is buzzing, definitely worth a trip down to the Greenlane Showgrounds!

Double entry’s for the Arcade Machine if you bring me coffee or Redbull over the next 4 days 😂 (marketing says I must say ONLY JOKING 😅)

GIVEAWAY!!

Me and the team at The Mortgage Supply Co will be on site chatting 🏠💰

I’m giving away 4 tickets to the Auckland Home Show at the ASB Showground this weekend!
To be into win:
🏠 Like this post
💰 Tag a friend you’d like to bring along
🏠 Follow my page

1 tag = 1 entry!
Share this post for 5 bonus entries!
Tickets will be drawn at random the morning of Friday 21st April 2023
Keep an eye out on my page and in your inbox for winners to be announced

New Member of the Year 🏆

Grateful to all my clients , lenders, colleagues and mentors 🙌🙌

Day 1 Conference !
Big couple of days for me and the The Mortgage Supply Co team.
First up I’ll be part of a Rising Star Panel talking about tips on how to start off as a Mortgage Adviser!

Happy Friday Team!!

This Sunday The Mortgage Supply Co. team and I will be attending Steve Goodey’s Cashflow Property Bootcamp in Auckland!

This event is going to be massive with lots of learning and conversations with like minded people.

If you are there , come say hi! I’ll be the guy buzzing around after too many coffees 😂 I’ll also be in my MSC polo which might be easier to spot

Steve Goodey - Property Coach
The Mortgage Supply Co

It’s that time of year again 👀

If you’re a part of a KiwiSaver scheme, for every dollar you put into your KiwiSaver account, the Government will put in 50 cents – up to a maximum of $521.43 a year.

To get that full amount, you need to contribute at least $1,042.86 by June 30th every year, but given the upcoming long weekend, most KiwiSaver providers are encouraging you to pay by tomorrow, Friday 24th June to make sure the payment clears in time. 💸

If you’re a full-time employee and your contributions come out of your PAYE automatically, don’t worry – you should be sorted (log in and check!).

However, if you’ve opted out, are a contractor or haven’t made enough automatic contributions to reach the threshold, log in or call your KiwiSaver provider to make the most of the Government contribution.

If you aren't sure who your provider is, you can contact IRD to find out.

If you’re planning on using your KiwiSaver to buy your first home, this can be a quick way to up the value of your nest egg. 📈

More info here: https://mortgagesupply.co.nz/first-home/using-kiwisaver/

*Please note, nothing contained above is financial advice and is general information. Always ask for advice from your financial adviser before taking any action.*

Following on from last week's Rising Star award, I had the chance to chat with NZ Adviser about the experience.

Read the article they've put together below if you're looking for some late Friday afternoon content - and have a great weekend everyone 🍻

https://hubs.ly/Q01b9DP00

Rising Stars award a dream come true for adviser Broker says honour a real confidence booster

#32 Sensitivity Rates - How much can I borrow?
Out now on Spotify and Apple Podcasts.

Dusted off the 🎙️ and back into another episode.

Plenty of media attention recently on Sensitivity/Test Rates. Learn about what they are, how they work, examples of the impact on borrowing and other contributing factors that are considered.

Lots of noise about how tough it is to borrow right now. Finance approvals are definitely coming down to choosing the right lender for the clients situation.

Happy Borrowing People!

Links:
https://open.spotify.com/show/796IcZzvEEnuvUCbXwO2bx

https://podcasts.apple.com/nz/podcast/the-jack-windler-audio-show/id1512552664

Some exciting news to share 🎉

I'm proud to say I've been named a winner of the 2022 Rising Star Award by NZ Adviser!

There was a pretty ambitious list of criteria (having written $5m in loans and working as an accredited broker for no more than two years - to name a few), but when I joined the industry, I set myself a goal and to achieve it feels better than I could have imagined.

A genuine thank you to all my amazing clients, lenders, and of course the team at The Mortgage Supply Company. I'm lucky enough to be a part of a team that lives and breathes smashing goals like this one.

https://www.mpamag.com/nz/news/general/revealed-the-rising-stars-of-new-zealands-mortgage-industry/404518

Too obvious? 😅 Wouldn't all of those be nice, dreams are free! 💭

With April Fools comes the first day of the new financial year.

- Business owners, get speaking to your accountants and get those financial accounts ready so we can use 2022 FY income for your borrowing needs.

- Great chance to reflect on the first 3 months of the year and see how you are tracking with your goals for 2022

- Need a review to see if your lending is working for you? Unsure what your next steps should be? Why not reach out and pretty quickly we can establish where you are at and together we can put strategies in place to get you from A to B.

Great way to end the week with this settlement! Harry and Cayzia began the process in Nov 2019 and after many build delays they finally got there.
Through understanding their goals and future plans we have a great loan structure which enables them to tick those off with ease.
2% cashback from the Bank doesn’t hurt either (🤫 not many know how that’s possible but we do 😉)
And best of all, a home to call their own!
Congratulations legends! 🥳

Celebrating 10 years of The Mortgage Supply Co. in bed with a bit of Covid 😷 proud to be a part of this team and excited to watch the celebrations on the live stream 🍾 🥂

Can it be true? Has common sense become common again?

Changes to the Responsible Lending Code to tackle CCCFA impact on housing/finance.

A big sigh of relief to see amendments to address the ridiculous barriers the CCCFA has brought to the lending environment. House prices never soared in 2020/21 due to easily accessed credit/funding. The application of "Responsible Lending Code brought in around 7 years ago was already doing a great job of keeping borrowers and lenders safe.

Hopefully the banks can apply these amendments well and we can continue to get good clients good results, just with a little less headaches going forward.

I do expect the interpretation by lenders of the CCCFA to still be a roadblock but this is a massive step in the right direction.

Not long till a well-earned beer! Will be that much sweeter after reading this.

Happy Friday Team!!

https://www.interest.co.nz/banking/114786/david-clark-unveils-changes-responsible-lending-rules-aimed-curbing-unintended

Government changes responsible lending rules to tackle CCCFA problems David Clark unveils changes to responsible lending rules aimed at curbing unintended consequences of the Credit Contracts & Consumer Finance Act

There’s a glimmer of hope for first home buyers on the horizon ✨

It’s been really tough in the last few months for ‘less than 20%’ deposit home loan borrowers, with the recent tightening of the belt across the board when it comes to lending criteria.

The good news is, we’ve now seen some of the banks re-enter the market with approvals for over 80% loan-to-value ratio (LVR) lending. (More details here: https://bit.ly/3vdW2u0)

This, in tow with the national housing price decline, will fingers-crossed give our first home buyers some much-needed breathing room. 🤞

It’s so important that our first home buyers have the opportunity to enter the market, and we’ll hopefully see a few more positive changes to come. That said, finding a 20% deposit is always going to be a big ask. If you’re struggling to pull together a deposit, there are ways to make it happen.

Highly recommend taking a look at our first-home financing loopholes blog to explore your options: https://bit.ly/3BTBW9B

As always, if you have any questions, drop me a message!

The Official Cash Rate has increased to 1% from 0.75% - and is forecasting that the OCR will need to go a lot higher yet during the next three years. But what does that mean for your mortgage? 🤓

We’ve already seen banks putting up floating rates off the back of this, including revolving credit rates in some cases. (More details here: https://bit.ly/3hdW3WA)

In short — it’s fairly likely that interest rates will continue to increase if the OCR forecasting plays out, and many banks will follow suit.

So what can you do?

It’s a good time to get the microscope out and take a closer look at your current fixed and floating loans. 🔍Review your situation post the OCR change, take stock of what fixed and floating rates are on offer and consider your options.

Feel free to drop me a message if you’ve got any questions.

Exciting things happening!

We're growing quickly and have an awesome opportunity for a Relationship Manager / Loan Writer to work alongside me at The Mortgage Supply Company.

If you or someone you know has:

☑️High attention to detail
☑️Excellent verbal and written communication skills
☑️Great time management and organisation skills

But most importantly, a great attitude and willingness to help others achieve their goals & dreams.

A competitive salary will be offered, phone and laptop provided, we're flexible with opportunities to WFH - and a supportive and social team too. 👍

Drop me a message for more info.

New Podcast and Blog! OUT NOW!!

#31 Interest Deductibility and Bright-Line Test Changes w/ Evolve Accounting

Spotify https://open.spotify.com/show/796IcZzvEEnuvUCbXwO2bx
Apple Podcast https://podcasts.apple.com/nz/podcast/the-jack-windler-audio-show/id1512552664
Blog https://blog.mortgagesupply.co.nz/blog/bright-line-test-update-and-interest-limitation

Evolve Accounting thanks Anthony for helping with this months blog.

Learn the rules, so you can play the game!

Bright-Line Test and Interest Limitation Updates for Investors Find out how the proposed changes to the bright-line test and interest limitations in March and September will affect the investor decision making process.

#30 Credit Reports

New Podcast Episode Out Now!

This weeks episode gets into all things Credit Reports.

Learn about what they are, what they cover, what happens when it goes wrong, tips on improving/maintaining a good score and how they are used in a loan application.

Links for Spotify and Apple Podcasts

https://open.spotify.com/show/796IcZzvEEnuvUCbXwO2bx

https://podcasts.apple.com/nz/podcast/the-jack-windler-audio-show/id1512552664

Useful Resources for more information.

https://www.centrix.co.nz/my-credit-score/
https://www.govt.nz/browse/consumer-rights-and-complaints/debt-and-credit-records/check-your-own-credit-report/
https://www.consumer.org.nz/articles/credit-reports
https://sorted.org.nz/must-reads/how-to-check-your-credit-rating-get-your-credit-report-online/

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