With housing prices through the roof in Shanghai, it's not a matter of mortgaging your home--it's how many mortgages you'll need to pay off each square meter. Robert O’Grady, a financial consultant at deVere Group, makes sense of mortgages.

What’s the connection between financial advising and real estate? Real estate and financial advice have always been inexorably linked. Many of us save for several years in order to build up a deposit and then require a mortgage in order to facilitate funding the balance of the property purchase.

What sort of mortgage services do you offer? As the largest offshore Independent Financial Adviser (IFA), deVere Group are able to provide a full mortgage brokerage service to clients in China and around the world. Mortgages seem extremely complicated. Clearly there’s a lot to take in! However a good IFA will know the right questions to ask in order to identify the features that will be most beneficial to their client. Not only does this expert advice find the best deal for the client circumstances, but it can also save a great deal of time and stress. By understanding the market place and having established relations with major Chinese and foreign banks, we can save the client the trouble of speaking to every bank in town.

What’s something to look for when comparing mortgages? Buying a home is the largest financial commitment most of us ever make. Take a good look at the big picture. For example, what would happen if you died or suffered a serious illness? Would you or your family be able to maintain the mortgage payments? How will your mortgage impact other important life landmarks over the next few years, such as helping to fund your children’s university education?

What’s new with mortgages in China? Many banks in China now also offer home buyer loans in several currencies, which may provide benefits to home owners who are paid in foreign currency or who may intend to retire to countries other than here in China.

DETAILS

What: deVere Group

Website: www.deveregroup.com

Tel: 6372-6612