Tahei Simpson Mortgage and Credit Specialist

02/11/2023

Banks already use debt to income ratios when they assess borrowers for a mortgage. They are subject to the Responsible Lending Code which basically means they do everything they can to avoid good folks getting into trouble once the honeymoon period ends and the mortgage grind begins. This is one of the key factors Wake Up Financial takes into account by making sure our clients are not in over their heads. We set them up with the right loan structure and mentoring from the start, and show them how to pay off their mortgage faster, dramatically reducing their interest costs. Curious to learn more? Talk to a Wake Up Financial Adviser today.

The Reserve Bank hints debt to income ratio restrictions could be put in place in the middle of 2024

26/10/2023

If you borrowed $800K for your $1m home, after 30 years, you'll not only pay off your mortgage, but you'll have paid another $1m to the bank in interest costs. That means you've bought the bank a home as well! By using the right loan structure, you could reduce that by tens if not hundreds of thousands of dollars, and buy yourself another home instead, or pay yours off. Get in touch to find out how you can become mortgage free faster.

30/09/2023

I did it. I went out on my own. Wake Up Financial. Offering home ownership and wealth creation solutions like no other.

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22/06/2023

I keep getting emails and private messages saying "My friend said you helped them restructure their mortgage so now they can potentially save hundreds of thousands of dollars on their mortgage - can you help me do that too?" And we have a chat and I crunch the numbers and I end up doing the same all over again. It's not magic. It's counter-compound interest intelligence. It's knowing how to use the tools provided by the banks, and having your own personal adviser to show you, to follow up and see how you're tracking, to make any tweaks to accommodate your circumstances - all so you can get where you want to be faster. Just contact me and let's find out if you can do that too.

01/05/2023

I'll just leave this here...

Kia ora Tahei!

It's all done and dusted. The keys are in our hands, the whare is in our name, we've had our celebratory dinner with dad, nan and the kids.

We would just like to thank you for guiding us through these last months. If there's anything I can do, recommendations i can write, that gives back to you and your mahi I'd be more than happy to do so.

Thank you for enduring us lol. Thank you for making this possible. We sing your praises to everyone we know. You've been monumental for us and I know for sure that had we been with anyone else this wouldn't have made it over the line.

Thank you, a million times!!!!

26/04/2023

https://www.interest.co.nz/personal-finance/120924/revenue-minister-david-parker-says-ird-survey-showing-wealthy-kiwis-pay

Get in touch if you want to know how to grow wealth through property.

Revenue Minister David Parker says IRD survey showing wealthy kiwis pay significantly lower tax rate than middle-income families will enable future discussions on tax policy to be based on solid evidence

30/03/2023

This, from a client, whom I showed how to structure his mortgage to save himself literally tens of thousands of dollars in interest costs by doing not very much at all, and definitely not increasing his repayments. In fact he could save hundreds of thousands, except then he'd have to pay more tax because his costs would go down and his income would go up along with his luxury problems.

Kia ora and many thanks Tahei

It’s a challenge for the lay person to know how to structure this type of thing. You have taught a man to fish.

Nga mihi

Mark

Man fishing on jetty at dawn. – Download this photo by Ryan Arnst on Unsplash

30/03/2023

Funny when you're updating your profile and you have to talk about yourself and you also look like your background.

"Senior Mortgage Adviser at Hewett Mortgages, Tahei Simpson, works with people at all stages of their property life cycle, from getting into their first home through to growing wealth using property and becoming mortgage free faster.

"Tahei grew up on Oceanbeach Road in Mt Maunganui. She bought her first home at 18 with the help of mum and dad and a job cleaning loos at Tasman Pulp and Paper Company. As well as being well-known in the performing arts community in Tauranga, Tahei went on to study mathematics and statistics at university, followed by a career in film and television, before circling back to property and numbers.

"Besides a short stint in Sydney, she has lived in Mt Eden for the last 25 years and has three children – the eldest is a musician, youngest is at Auckland Grammar and the middle one is in her final year at Epsom Girls Grammar School where Tahei is Chair of the Board."

30/03/2023

https://www.linkedin.com/posts/taheisimpson_senior-mortgage-adviser-at-hewett-mortgages-activity-7047308390812827648-opX2?utm_source=share&utm_medium=member_desktop

Senior Mortgage Adviser at Hewett Mortgages, Tahei Simpson, works with people at all stages of their property life cycle, from getting into their first home…

22/02/2023

Care packages for banking customers!

Following recent weather events, banks are reaching out to personal and business customers who need financial help. Check out their websites where you should find a range of options to support those of you in need of assistance.

15/02/2023

Are your interest rates killing you? Now is the time to 1. Refinance and 2. Restructure.

1. Refinance: Get the bank to give you some money to ease the pain. Until 31 March banks are paying 1% cashback on new lending so if you refinance a $500K mortgage, you'll get $5K back, which is better than the $0K to fix on the same rate with your current bank.

2. Restructure: No lie - the right structure can help reduce your mortgage interest costs without you increasing your mortgage repayments, reducing your effective interest rate. No it's not rocket science. It's just timing. Ask the banks - they know all about that when they hold your money overnight before completing your payment to the next bank...

And this from Stephen Toplis Head of Research at BNZ for those of you wondering where your rates are going:

"In a preview of the next Official Cash Rate review on February 22 Toplis says the BNZ's economics team "remain in the camp that says the Reserve Bank should now be moderating the pace of increase".

"...we remain of the view that the ultimate peak may be as low as 5.0% rather than the 5.5% the Reserve Bank currently forecasts and the market currently is giving a nod to. Whatever the case, we think that the peak will come relatively early in 2023, rates will stay there for around 12 months before trending lower starting in calendar 2024."

Get in touch if you're serious about saving some serious money with zero effort.