Paying Westpac Break Fees To Get Lower Home Loan Rates

Today we were contacted by Chris who has a Westpac mortgage with a loan balance of $979,815 The interest rate they were paying today was 4.80% and it is fixed until 24/10/2019 (6-months remaining) but Chris wanted to know if it was worth paying a break fee and getting onto the lower rates being offered by
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Think Carefully Before Fixing Your Mortgage

Home loan interest rates in New Zealand are at historically low levels and these rates and fixing your mortgage seems like an attractive option. But a huge number of Kiwis are looking at fixing their loans without considering the consequences. Don’t Fix & Forget Your Loans One of the problems with fixing your mortgage is
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Sometimes We All Might Need Advice – Do You?

Kiwi’s typically have a “can do” attitude and tend to think they do not need advice so don’t  ask for help. Interestingly most people will ask for advise at times, or give advice and not even think about it; You ask a friend for a recipe and they will give it to you. You ask
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Good News For First Home Buyers As Economy Stalls

Today the Reserve Bank announced no change to the official cash rate (OCR) leaving it on hold at 1.75% but the comments and then reaction was more telling… Has The NZ Economy Stalled? Since the last election there have been concerns with how the economy is going and today they highlighted that domestic growth slowed
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