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 […]
Refinance your Mortgage
Now could be a great time to refinance your loan with a different bank or speaking to your Financial Advisor about negotiating a better rate with your current bank. Refinancing is an important financial decision that can have a significant impact on your overall financial situation. First up, here is everything to you should know […]
Manage your Mortgage, not the other way around.
We always say, do what works best for your goals, needs, and situation. These tips to manage your mortgage, properly will give you ideas to save money, help give you cash in hand while paying down your mortgage. 1. Lower the interest rate if possible If you have the capacity to get a lower rate, […]