Having done over 1,500 mortgage reviews in three months, we thought we should analyse some of the data (without going overboard) to see what it told us
You should look to start locking in five-year fixed rates from April onwards. Don’t leave it too late and don’t be too greedy. We’ve always said, “If the five-year rate gets below 6.00%, don’t even bother thinking about it, just lock it in”.
The days of banks throwing money at us are long gone. In fact, we are almost back to the old days where you had to go cap-in-hand to the bank to literally squeeze money out of their vice- like hands
If you do not know what you are doing (and you feel your bankers don’t either) then take personal responsibility and either do the research yourself or find someone who is qualified to help. Otherwise it could cost you thousands in extra interest over the life of the mortgage
For ASB, BNZ and National Bank customers there is potentially a financial benefit from breaking your fixed rate mortgage especially if you took a longer-term fixed rate. In this blog we show you how it all works and what the benefits are
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