Refixing your mortgage soon? Here’s what’s going on with interest rates

If your mortgage is due to come off fixed, you’re probably looking at a new interest rate that’s more than double what you’ve been paying. Scary moment. Why has this happened? In this article we look at some of the main influences on mortgage interest rates in New Zealand. We also use the Covid-19 period […]

How to find the best mortgage interest rates in New Zealand

With so many mortgage lenders, interest rates and terms to choose from, finding the best solution for your circumstances can be hard work. Whether you’re about to buy a home or are exploring refinancing options for a property you already own, you’ll find our rates page incredibly useful. It shows the lowest interest rates available […]

Planning a property portfolio for retirement income

Creating future retirement income by buying investment properties is a time-honoured way to build your wealth, so you can achieve freedom from work. And we’re not just talking about retirement in your mid-60s. There’s a global movement called FIRE (financial independence, retire early) that attracts younger followers. So whether you’re an empty-nester looking forward to […]

Is it worth breaking a fixed mortgage right now?

Most people think about breaking their fixed rate mortgage when interest rates are falling and they see lower rates than the one they’re on. But even if fixed interest rates are climbing, you may be worried about how high the rates will be when your current fixed interest rate ends. And that could have you […]

What is a mortgage cashback?

For some years now, New Zealand’s main banks and other mortgage lenders have been known to offer a cashback reward to eligible customers when they draw down (start) a new mortgage. It’s typically a lump sum cash payment of $1,000 to $3,000 – or even significantly more, depending on how much you’re borrowing. In this […]

How to move your mortgage to another bank or lender

Moving from one mortgage provider to another involves applying for and getting a new loan, then using that loan to repay your old one, so it can be discharged. People switch lenders a lot more often these days, whether they’re buying a new home or refinancing an existing property. If you think your current mortgage […]