A mortgage isn't something you set and forget. It should be reviewed regularly with the ups, downs, plot twists of life and interest rate fluctuation. Especially if you want to pay it off as fast as possible and save money on interest. If you haven't had yours reviewed in a while, here are 5 simple things to consider.
12 Month interest rates are at all time lows for New Zealand, however it may not be prudent to fix over that term. In part 1 we covered the OCR, inflation the connection between inflation and interest rates. Let's now talk about forward interest rates and current inflationary drivers in NZ.
It's become common practice in NZ for banks to offer cash backs with new mortgages, whether that's a refinance or a new purchase. One of the advantages of using a mortgage broker is they can help maximise your cash back.
One of the questions you might have if considering a mortgage broker for the first time is, why use a mortgage broker versus going to the bank direct? Or, what is the difference between a mortgage broker and a mobile mortgage manager? It’s hard to sum-up what we do in a couple of sentences, so here goes my 50 reasons why to use a mortgage broker and Squirrel in particular.
Buying property is one of the biggest financial decisions most people will ever make. Trusting us with the decisions that come with it is an honour we don't take lightly. In a nutshell, this is what is a Squirrel mortgage broker pledges to do for all clients. Written by Chief Squirrel, John Bolton.