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…
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…