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 loadShare on Facebook
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 risksShare on Facebook
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 termsShare on Facebook
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 seeShare on Facebook
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 areShare on Facebook
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