While the implications of Official Cash Rate (OCR) cuts vary depending on individual circumstances, most borrowers can agree that when it comes to mortgage interest rates, lower is better! The OCR is a tool used by the Reserve Bank of New Zealand (RBNZ) to influence economic activity and inflation. When the OCR is high, borrowing…
Tag Archives: Home Loans
Finally, it seems that interest rates are on the way down, so what’s the best way to manage your mortgage? Fix, float, or a combo of both? The pros and cons of fixed vs floating rate mortgages Fixed rate mortgages A fixed rate mortgage locks in an interest rate for a specific period of time,…
If you’re ready to move but struggling to decide whether to buy first or sell first, we get it. You need to sell your current home to fund the purchase of your next one. But the seller of your next home might be reluctant to wait for your current place to sell. This is especially…
Refinancing – also known as remortgaging – allows you to replace your current mortgage with a better one so you can save on interest, borrow more, or pay off your home loan faster. Refinancing involves paying off your existing loan and then taking out a new home loan with a different bank or lender. The…