5 Things to Know Before Locking in Your New Interest Rate

Apr 13, 2023 10:08:27 AM

Earlier this month, the RBNZ increased the Official Cash Rate (OCR) by 50 basis points, from 4.75 per cent to 5.25 per cent. It’s the 11th successive increase and takes the OCR to its highest level since December 2008. As some New Zealand mortgage holders prepare to re-fix their mortgage in the next 6 months, many are likely to see their interest rates double from 3 per cent or less to more than 6 per cent. Before locking in new interest rates, it’s important for borrowers to know these 5 things.


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Topics: Interest Rates, Variable Interest Rate, Fixed Interest Rate, Financial Advice

Fixed, Variable and Split loans: What’s right for you?

Mar 11, 2020 2:01:28 PM

There’s no better time than right now to review your home loan structure and mortgage interest rates. Time to tidy up those external debts, refinance to a better interest rate, or refinance to release equity to fund that new car, boat or investment property. If you’re not sure what repayment structure works best for you, here’s a guide to understanding the different types of loans.


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Topics: Interest Rates, Home Loan, First Home Buyer, Variable Interest Rate, Fixed Interest Rate, Home Loan Advice, Mortgage Advice

Is your home loan competitive?

Jan 10, 2019 2:19:20 PM

It’s a good idea to review your mortgage from time to time, and particularly so if your fixed term ends soon. A mortgage review is a chance to check things like the level of interest you’re paying, whether you’re still getting the best deal, and if your mortgage is structured to suit your lifestyle. Take a look at some of the other benefits of a mortgage review.


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Topics: Home Loan Rates, Variable versus Fixed, Variable Interest Rate, Fixed Interest Rate, Home Loan Advice

Interest Only Loans

Apr 18, 2018 2:00:00 AM

While interest only mortgages have come under intense scrutiny across the Tasman over the last year (2017), this type of lending can offer a viable solution for property investors looking to grow their portfolio. Read on to find out more about interest only loans, along with the benefits and risks.


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Topics: Interest Rates, Mortgages, NZ Finance, mortgage rates, Variable versus Fixed, Variable Interest Rate, Fixed Interest Rate, interest only loans

Fixed versus variable: How do you choose?

Apr 17, 2018 2:00:00 AM

Deciding between a fixed and a variable interest rate, or a combination of both, is largely a personal choice. Do you need the certainty of set monthly repayments or are you looking for a little more flexibility and a saving when interest rates drop? Each option has its own set of pros and cons. Read on to find out what these are.


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Topics: Interest Rates, Mortgages, NZ Finance, mortgage rates, Variable versus Fixed, Variable Interest Rate, Fixed Interest Rate