For property investors it’s a good day when the Reserve Bank decides to hold the official cash rate. A hold on the OCR usually means interest rates also remain the same or drop and that of course is good news for anyone with a variable home mortgage loan or a fixed rate loan coming up for renewal.
Tag Archives | mortgages
This is short discussion article really as I’d like other peoples views. My take is a real concern at the proposed intervention by the Reserve Bank on high LVR mortgages.
When it comes to getting a Mortgage, many people do just that. Why? Because they go direct to their own Bank and assume that the Bank will offer them the best deal, without checking what else is available.
As a Pom arriving in New Zealand in 2006 I was amazed that every time there was a good clear day, no-one seemed to work, especially in the Trades. One look at the boatramp would tell you where they all where!