Articles Tagged ‘refinance’

Are you ready for refinancing?

Part of making sure it’s a good time to refinance is determining that you’re ready to do it. As home loans are a significant financial commitment, you’ll need to be sure you can cope with the changes.

Loan Market Takes on the Rate War

The current competition and bank discounting has caused possibly the biggest rate war New Zealand has ever seen. When comparing today’s interest rates to just one year ago when interest rates where at least two percent higher, it seems nothing but good news, for mortgage holders and those looking to purchase. So is it really […]

Floating Mortgages in Demand

Demand in floating rates is on a high with many New Zealanders opting for a floating rate home loan over fixed rate home loans. Many home owners are switching due to the competitive landscape with banks launching almost daily special offers and discounts on floating interest rates. But is floating the right move? It’s certainly something you […]

Does Your Home Loan Still Work For Your Lifestyle?

Whether you are a first home buyer, investor or a self employed borrower you need to ensure you explore your home loan options regularly to ensure your current mortgage is keeping up with your lifestyle. Keep up-to-date with changes in interest rates by talking to your local mortgage broker about special offers and current interest […]

The Insider

Mortgage holders appeared to breathe a collective sigh of relief this week when Reserve Bank of New Zealand (RBNZ) Govenor Allan Bollard cut the Official Cash Rate (OCR) by 0.5 per cent to a record low 2.5 per cent as the central bank reviewed the countries economic data. Many economists are now predicting only one […]

Lenders Mortgage Insurance the Real Barrier to Refinancing?

Switching loans? Paying loan break fees can be expensive but is nothing compared to the cost of lenders mortgage insurance, which runs into the thousands. While the government is pushing ahead with its ban on exit fees to help borrowers shop around for better rates, many argue the real barrier to refinancing is ‘double dipping’ by mortgage […]

Get out of debt fast

Extravagance over the holidays often leads to promises of spending less, saving more and getting out of debt. Nila Sweeney, editor of Your Mortgage reveals a handful of tried and tested strategies to help you whip your finances back in shape. The first few months of the year are always a good time to re-examine […]

Review Your Home Loan Regularly

Reviewing your home loan regularly will help you to assess its effectiveness and take steps to correct any waste if necessary. Being on top of changes rather than waiting months or even years can potentially save you a lot of money. When reviewing your loan, you may find a lower priced finance package or better […]