What Could NZ Mortgage Rates Be In 2025?
Date Published: 25 March 2024
As we approach the end of the first quarter in 2024, many New Zealanders with mortgages are contemplating their financial futures amidst a dynamic and unpredictable economic landscape. Understandably, one…
5 Things To Know About Your Mortgage Pre-Approval Letter of Offer
Date Published: 4 January 2024
Good news! You’ve completed your application, handed over a mountain of paperwork (just kidding, our system is paperless) and now you’re pre-approved for your mortgage! After a phone call from…
NZ Mortgage Interest Rates Prediction 2023
Date Published: 16 November 2022
It’s the time of the year when the Mortgage Lab buffs up our Crystal Ball, gazes into the infinitely complicated world of economics, and comes up with sufficiently generic interest…
Calculating The Interest On Your Progress-Payment Construction
Date Published: 20 June 2022
Calculating the amount of interest expected in a progress-payment contract on a newly built house can sometimes seem daunting. In this article, we walk you through some easy calculations. Recently…
How To Calculate Break Costs And Decide If It Is A Good Strategy
Date Published: 20 May 2020
For the past 12 years, interest rates (both mortgage and the Official Cash Rate) have been decreasing. That means that almost everyone who has fixed their mortgage at some point…
OCR Announcement – 16th March 2020
Date Published: 16 March 2020
The Reserve Bank today announced that the OCR would be reduced by 0.75% to a new level of 0.25%. International markets around the world have been severely affected by the…
NZ Interest Rates Prediction 2020
Date Published: 25 February 2020
It’s the time of the year when the Mortgage Lab buffs up our Crystal Ball, gazes into the infinitely complicated world of economics and comes up with sufficiently generic interest…
Your mortgage rate is 8%
Date Published: 26 April 2018
Repeat after me.“The interest rate I pay on my mortgage is 8%…”“The interest rate I pay on my mortgage is 8%…” No it’s not You’re right, it probably isn’t. If…