Mortgages

95% Mortgages Revisited

Filed under: Mortgages

The mortgage market has tightened up somewhat, but provided you have strong income and a stable job history or no debts, then 95% is still an option for you.

Einstein marveled at the compound effect of interest rates for good reason. Over the life of a $300,000 mortgage you will pay over $360,000 in interest! When you are dealing with such big numbers the cost of getting it wrong can easily run over $80,

Having the right Mortgage Strategy can save you thousands in interest every year let alone over the life of a mortgage.  That’s why we think it always pays to get the best possible advice.  JB (author of this blog) is the former General Manager Products at ANZ National Bank and has managed over $15 billion

If your mortgage is with ASB, BNZ, National Bank or Sovereign – and you have over two years left on your mortgage – then you may financially benefit from breaking your fixed rate.

There is a lot of misinformation out in the market. I’m using this blog to provide a bit more perspective about why there is no need to panic about rates