One of the things we see a lot of is the financial difficultly people find themselves in once they start a family, or simply juggling their family and the mortgage. The good news is that with falling interest rates there are an increasing number of opportunities where we can help lighten the load
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Lenders have pulled-back from lending to First Home Buyers. Our view is that this has created opportunities for Investors to fill the gap and earn good returns (circa 10%-15%.) Each investment is small and you get to choose your Home Buyers. We’ll work with you to minimise the risks
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Mortgage rates are forecast to bottom out around June 2009. Short term rates could get as low as 5.50% with longer-term rates getting down to around 6.00%-6.50%. In my opinion that means taking a six month fixed rate now at 6.50%-6.90% is the best option. In six months you can then look to split your mortgage into multiple fixed rates and spread them over 3-5 year fixed terms
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Mortgage Rates on the Way Down
Filed under: Housing Market, Interest Rates, Mortgages, NZ Economy
Last week the Reserve Bank dropped the official cash rate (OCR) by 1.00% to 6.50% – and immediately banks decreased their mortgage rates. The best rates out there today amongst the major banks are 7.95% for six months and 7.90% for one year (forget anything past one year). What excites us is to finally see
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Good news looks likely for homeowners, with mortgage interest rates looking likely to drop further in the near future. Home loan rates have already fallen from their high of 9.70% back in May. You can currently get a rate of between 9.20% and 9.40%, depending on your bank and fixed term. Home loan rates are
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