What is Franchising?
Franchising is the process of replicating a successful business model in different locations. This is done by developing a network of entrepreneurs who invest in each location and run it as their own business. The person/company who develops the business model is called the Franchisor. The entrepreneur who invests in each location and is granted the right to use the business model and the brand name is called the Franchisee. This partnership between the Franchisor and Franchisees enables the business model and the brand to spread into larger areas. This is a proven and dynamic method for successful business models, to extend their reach and potential to much larger territories and also for smaller entrepreneurs to share / enjoy the fruits of a winning idea, which they could not have done on their own.
Investing in a Growth Industry
The Mortgage Brokering Industry is a rapidly expanding advisory service in New Zealand. In the USA, the majority of mortgages are provided through intermediaries. Statistics from Australia show that the industry there is moving in the same directions as the USA. Currently in New Zealand, most mortgages are arranged directly between borrower and lender, but the trend is following the USA and Australian experience of provision through intermediaries. Currently 70% of mortgages in the United States are arranged through a Mortgage Broker. In Australia, this figure is 40% compared to New Zealand, which is 25%.
The nature of the Business
- To provide an essential liaison between the Borrower and the Lender. Mortgage Brokers use their extensive knowledge of the credit market to determine which lenders can best satisfy the unique needs of the Borrower.
- The Borrower benefits from the access to multiple lending source alternatives and gains confidence as their loan application is matched to a competitive lending institution, thereby maximizing the likelihood of loan approval.
- A Borrower's goal of financing a purchase, refinancing existing mortgages, or reducing current debts are best served by professionals skilled in assessing the total spectrum of programs and rates available in the marketplace.
- Talk Mortgages' Mortgage Brokers are independent. We do not work for any individual institution or lender, and our main objective is to get our Clients the best possible Mortgage that they qualify for. We also offer protection to the Client, by way of Insurances, such as Mortgage Protection Insurance.
- The service is Free! Where to from here?
If you are interested in taking this any further, please contact Lorna Harris for a confidential exchange of details.
