Home Loans - Compare Interest Rates & Star Ratings
A home loan, or mortgage, is an amount of money borrowed from a financial institution for the purpose of buying a property. The money, along with interest accrued, is then repaid to the lender over a contracted period of time. More ...
|
New Zealand | Australia
Articles - Home Loans
Save big money on your mortgage |
|
 |
Want to save thousands or even tens of thousands of dollars on your mortgage? Then read on. |
Revolving credit mortgages |
|
 |
A Revolving Credit Mortgage allows you the flexibility to use the equity you have built up in your home for a wide range of investments. |
Floating rate home loans the new thing |
|
 |
Floating rates are the new black when it comes to mortgages and Kiwis are signing up in their droves. |
Home Loan Break Costs - why can't banks waive them? |
|
 |
Not an unreasonable request, surely! Waiving break costs on a home loan would make a lot of borrowers a lot happier but it’s about as unlikely as the wind deserting Wellington. |
Tips - Home Loans
Do you really need an offset account? |
|
 |
Offset accounts allow you to effectively live off funds stored in your home loan offset account, with the benefit being that funds in this account offset interest on the home loan. But be aware, if you're not the type to ever have a spare cent in your account, this could be of little benefit to you. Since loans with an offset account typically cost more, make sure you really need it before you sign up! |
The early years of your home loan are critical |
|
 |
Experts agree that one of the best ways to pay off your home loan sooner is to make extra repayments in the early years of the loan period. Say for example you have a 30 year loan. In the first 5 years if you can make lots of extra repayments, there is generally a huge saving on interest charges. |