Mortgage broking is an unusual business where the broker does not get paid until well after they have completed the work for their client. This is very similar to real estate agents who also have to wait sometimes for months for their commission to come through.

For the mortgage brokers this can mean long periods with no income, but of course if they have any big deals coming through then the cheques will be large. Brokers have to pay attention to their cash flow which can be sporadic at best and can be particularly problematic during December and January as property markets become very slow. Many mortgage brokers end up by going on holiday for much of December and January in New Zealand, simply because there is no demand for their services during this period. However once February and March arrives they had better be ready to get busy.

Mortgage brokers generally end up with about 30% of their clients making them any money, and the other 70% either postpone the project or cancel the project altogether. Brokers have very little idea upfront who is going to be in the 30%, and so they need to do all the work necessary for every client with a very real risk that the client will not proceed. However brokers can manage around this 30% conversion ratio, and they just need to make certain that they have enough new business to guarantee that they going to get a sufficient income for the year.

Brokers working for the very large mortgage broking firms have a quite different situation, as these firms have invested millions in intensive online marketing, web development and SEO. This investment may appear very risky at the time, but if the broking firm has employed the right web developers and SEO specialists then their investment should pay off enormously down the track. This is indeed the case with the very largest firms in New Zealand, whose websites are ranking in the top 3 for most major search terms. This means that they will be capturing at least 30% of all the Internet generated business for new mortgage brokers, and because of this they have the luxury of being able to pre screen all of the new clients and only taking on those clients who looked like dead certainties.

This is a completely different approach than independent mortgage brokers, who really need to accept every lead that they get and process them as far as they can go. Clients tend to get a better service because the mortgage broker is much more motivated to succeed on their behalf, because that is the only way they are going to get paid. The brokers in the large firm know that their leads are almost always going to be easy to make successful, and there will always be new leads coming through every day. For more information, check out

The vast majority of all property transactions in New Zealand are for residential homes, but a small percentage of the transactions are for commercial properties, and because of the nature of the transactions the value of this business is very high. There are a few high net worth individuals who are very visible in this market, and some of them may enter into the biggest deals in high rise properties. The vast majority of the commercial transactions are at the lower end of the market and they will be to property investors who are comfortable owning commercial properties for rental.

The property investors can the individuals or groups or consortiums, and they generally will own a lot more than one commercial property. A very important component in the market is the financing, and specialist mortgage brokers are required to make this happen. The reason for this is that the value of the commercial property  is linked very closely to the rents that can be charged for the property, to the clients they have signed up to lease the property and the long term viability of those clients as tenants.

This is a completely different model than for residential housing, where the value of the property is fairly easy to determine simply by the quality of the property and it’s specific location. For rental properties it is important that the rent is considered by the mortgage brokers in Wanganui when applying for a loan, but in general the most important aspects are the capability of the owner in making the mortgage repayments, and the market value of the property and it’s ease of sale if the  owner is unable to make the payments.

Mortgage brokers in Wairarapa serving the commercial market must have enough business experience to be able to assess for themselves the quality of the tenants that occupy the building, or if it is a new commercial building then they must be able to assess the quality of the tenants that will likely occupy the building. For owners that have already signed their tenants to long term leases, then the job of getting finance is fairly straightforward for the mortgage brokers, and they are able to make their recommendation to the bank with a high degree of confidence that the risks well and truly meet the banks requirements.

Where tenants have not yet signed up, the broker needs to be able to assess the probability that good tenants will  indeed sign up, and the broker will need to be able to assess the quality of tenants that are likely given the location and style of the new commercial property. They will often need to personally assess for themselves the quality of likely  tenants, and they will need to be able to understand the tenants own business models in order to understand the risk presented to the building’s owner of the tenants not meeting lease payments.

The dramatic increase in house prices in the main centres in New Zealand has caused a reaction in government circles whereby all residential borrowers of mortgages need to provide a 20% deposit. This has indeed had a dampening effect on the house market, as has the 40% deposit requirement all property investors. Why not take a look at the first-time homebuyer mistakes to avoid and make sure you don’t do them.

However this has had a bad effect on first time buyers who are simply unable to accumulate the 20% deposit. The government have provided a solution in the form of the welcome home package which banks can offer and which is under written by the housing department. This package only requires 18% deposit for the mortgage, but the mortgages limited to around $500,000, and those qualifying for the mortgage must have a combined income less than $130,000 for a couple or $85,000 for an individual.

Nevertheless a large number of first time buyers qualify under these rules, but in many cases they need good mortgage brokers in Lower Hutt to also help them qualify for the bank loan. All banks are very strict about the quality of client they take onboard for a mortgage, and they will want a good sound credit check plus they want to know that the client is a good stable job and also has a good savings history.

Good mortgage brokers Upper Hutt will be able to see quickly whether a client is going to be a shoe in for a mortgage with a main Bank, or whether the client is going to need some assistance in order to present themselves better. If the mortgage broker can see that the client is going to be easy to serve, then they will obviously be really happy and can make things happen very quickly for the client. If the mortgage broker realises that there is a potential problem, then if they are smart they will go out of their way to help the client get around the problem, because in the end if the broker can help a client qualify for a mortgage then the broker gets paid.

A good broker will be able to offer sound financial advice to the first time buyer, and this will be based around what level of debt is affordable, and what level of debt is attainable if the clients were to really put their mind to it. A particular problem for first time buyers as if the main owner at self-employed, as Banks generally do not like self employed people.



This is unfortunate, but a good mortgage broker will help the couple build a savings and employment record that will work with a bank, and this might simply mean that the non working partner gets a temporary job for a few months. A self-employed person could be in an excellent situation in regard to paying down a mortgage, but if the bank doesn’t want to learn to them then they have a real problem.

Mortgage brokers are vital in any economy, and none more so than the New Zealand economy. Around 40% of all mortgages written each year are completed by mortgage brokers, and they are filling a very big demand gap in the market.

Provided that they can continually win new business, mortgage brokers can make a very large income in the current housing bubble market in New Zealand. The standard commission from Banks is generally around 0.65 for any mortgage plus there is generally a trail commission as well. Hence a mortgage broker writing a 1 million dollar mortgage is going to receive $6500  commercial upfront, for work that is no more difficult in general then writing a $100,000 mortgage or smaller. Their key input into the process is to find the best deal on the market for their client, and that is simply a matter of them having access to good information and having a skill set necessary to determine how to interpret that information.

The time component for a $1,000,000 mortgage is little more then the time component for a $100,000 mortgage, and it may be that the client for the $100,000 mortgage is less able to service this mortgage and therefore maybe requires a lot more work to get the application right.

Needless to say, today’s housing market with the very high purchase prices means that mortgage brokers who are winning this business are winning all the way to the bank. In the modern Internet era a large proportion of all new business comes from people searching on Google, and in this regard there are only a few of the larger mortgage broking companies that are really  winning, as they have managed to get their company website onto page 1 of Google searches for keywords like ‘mortgage brokers Auckland’.

It is expensive and difficult to get onto page 1 of Google, and the investment required can rollout all bar the largest mortgage broking companies. New business like this will be very lucrative for these companies, as the work for most clients will be pretty standard and straightforward, in may only require one or two hours work in total if the mortgage brokers in Wellington are suitably skilled and experienced. Most mortgage brokers freely admit that they could handle all the work that could be thrown at them, as they would simply take on additional staff with necessary, as the basic work is so lucrative.

Becoming an electrician can be difficult but is very important for those who wish to be electricians as otherwise they would need to take another job. Watch this video:

The smartest and fastest way to become an electrician it’s to take out  an apprenticeship with a  respectable electrical firm. While the initial pay of an  apprentice will be pretty low, after one or two years the pay will increase considerably as experience is gained and the apprentice becomes a lot more useful. Additionally an electrical apprentice can have a very good career paths either within the electrical firm in leadership and management roles, or by going out into private business.

It apprenticeship is the very best way to become an electrician because it brings good work experience very quickly, and means that the study that the apprentice is undertaking for certification has a very practical grounding. This is very important, as  almost everybody normally learns much faster and more solidly when the new information relates specifically to experiences that we have had.

Electrical work is by it’s very nature technical and often complex, and working as an apprentice with good supervision will ensure that the budding electrician is following good practice both from a safety angle and from a work efficiency angle. Some people do try to become an electrician by studying for their electrical or engineering certification and then looking for a job, but the rest here is that all of their training will be theory only, and they will have difficulty with all the practical aspects of the work.

A key feature of any electrical work is the need to apply sound and safe rules and processes to solving complex problems in an efficient and cost-effective manner. An apprentice is going to get very good guidance from their employer, who will want to ensure that their employee is doing all the work and safely but it is efficiently and effectively as possible. The finished work will always be there as an example of the best electricians Tauranga has in town.

Old age can sneak up on you pretty quickly

Old age has a nasty habit of sneaking up on some people when they least expect it. This can happen in your twenties and thirties when you suddenly realize that you can no longer tackle physical activities that you used to be able to do confidently and competently in your teens or early twenties. This can be pretty depressing especially if you can’t figure out a way to reverse the situation.

Conversely, you can arrive in your sixties or seventies and still consider yourself a fit-ish teenager albeit somewhat slower and more careful. This is a delightful state to be in, as you find yourself able to cope happily with most challenges in life, and you find yourself looking forward to each new day and new week with relish. You really do feel as though old age has bypassed you or at the minimum has only had a small slowing down effect.

The truth is that finding yourself still a teenager when you’re in your sixties and seventies does not happen by accident, and it is very difficult to get into this desirable state if you have allowed yourself to become an old person in your twenties or thirties. It is obviously far better to avoid the early onset of old age, and you do this by the simple technique of getting fit, staying fit, hanging around with fit and healthy people, eating and drinking in a healthy manner, and avoiding obviously unhealthy activities and behaviors.

Motivation to change is generally the biggest roadblock for anyone wanting to change their lifestyle and get fit and stay fit, and I have found the best motivation is to join a club or a group of people and regularly train with these people. Healthy friendships become inevitable, and you will end up with good friends who look out for you and help and motivate you to keep training and getting fitter. The key to all this is to develop the mindset through habit that you are a fit and healthy person, and that healthy people hang around with and train with other fit and healthy people. This is the easiest way to develop a life-long fit and healthy habit.

A nice benefit of having similarly fit and healthy friends is that you can all be teenagers together in your sixties and seventies, and not feel it all embarrassed by being “different”!

What’s the best way to live longer? Watch this video to find out!

Cryonics: The Best Way To Live Longer