OCR drops to 3.75% – Time to Refinance and Invest in Property?
This week, the RBNZ bank dropped the OCR by 50 basis points to 3.75%. If passed on by the banks, a 50 basis point (0.50%) drop in mortgage rates would reduce the interest paid on a mortgage, lowering the monthly repayments. By refinancing, you could reduce your monthly payments by locking in a new low […]
Leverage your current home equity to buy an investment property
Every cloud has a silver lining – even in a soggy market. Many homeowners can use the current economic conditions to their advantage, when advised properly. Understand how you can leverage your current home equity to buy an investment property today. The negative effects of the current cost-of-living crisis and plight of homeowners who bought […]