I’m so excited… Making money is easy! According to industry gurus the recipe for success in today’s property market is to attend a seminar, pay a mentor $25k to learn their secrets, buy property through a finder (at a mark-up) and then put it into an elaborate trust structure
2009
Why Short-Term Mortgage Rates are Best
Filed under: Interest Rates, Mortgages, NZ Economy
My view is that the highest one-year housing rate in the next five years will be 8.50% based on the OCR getting to 7%. Long-term rates only look attractive if you buy into mortgage rates shooting back up to 9.50% again. In my mind this won’t happen anytime soon and is irrational fear
2009
The Term Deposit Price War: Its Impact on Mortgage Rates
Filed under: Interest Rates, Mortgages
If you can, I’d lock rates in now as they certainly won’t go lower. But rates generally are going to stay low for quite some time
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,
most recent posts
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Risk with houses built before 1945
January 28th 2012 -
Mortgage Rates: Let the Summer Craziness Begin
January 28th 2012 -
Growing your Property Portfolio
January 28th 2012 -
Waterview Connection | Implications for Property
December 4th 2011 -
Property Investing: Is Big Better?
November 20th 2011