Floating mortgage rates have fallen but at the same time fixed rates have increased. What should you make of all of this? What are the implications for future home mortgage rates
2009
When is a Good Time to Buy My First Home?
Filed under: First Home Buyers, Housing Market, Interest Rates, NZ Economy
“Action may not always bring happiness, but there is no happiness without action.” Benjamin Disraeli, former British Prime Minister.
And so it is that most people will choose inertia and unhappiness over making a decision for fear of failure. I’ve been reading a number of blogs recently on property and whether buying now makes sense. There has been vociferous argument from both sides
If rates pan out as I expect then you’ll pay 20% less interest using short-term rates. On a $400,000 mortgage that equates to an extra $32,000 off your mortgage in five years’ time
We can now generally get you into a major bank for mortgages up to 85% and the same for 85% to 90% if you have at least $2,000 spare income per month. As independent advisers we can source mortgage solutions all the way up to 95%
When we do mortgage reviews we also take the opportunity to review your life insurance. I’ve been surprised by the number of clients that (1) don’t know what insurance they are paying for and (2) have been talked into every “up-sell” imaginable. If you don’t know what cover you’ve got, then you need a review.
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