Interest rates drop – can it thaw the winter property market?

Interest rates are down – are prices coming up?

• Auckland sales and prices creep up
• Buyer activity is on the increase
• Will this turn into a hot summer for property?

See what we and our experienced buyers are thinking in this 4-minute video.

What will interest rates do next? Drop or hold?

• We saw a small drop in rates from RBNZ much earlier than expected
• Will they stay conservative or go for gold?
• And what does it mean if you’re re-fixing a loan?

We cover all the ups and downs in this 3-minute video.

Escape that expensive 2023 loan now

If you locked in a fixed home loan rate in 2023 we feel for you. Hopefully it’s coming to an end soon, and when it does you can expect to make massive savings.

Your fixed rate could be in the 7’s, so refinancing now could save you 1.5% or even more. For every $250,000 of home loan, that’s a saving of about $310 per month. So if you’re looking for savings, that’s either cutting out 3 takeaway coffees every day, or sending us in on your behalf to get a better rate from your bank.

Remember, once you give us the go ahead we do everything. Fill out forms, negotiate, negotiate some more, and then hand you the best possible rate your bank can offer. If they won’t deliver, we’ll talk to other banks as well.

We know the people who manage lending at your bank (and all the other banks) we know exactly how to work with them to get fast, simple decisions. We can also lean on them, thanks to the volume of loans we manage, to get you a better deal than you could get on your own.

Did your original loan have an LVR penalty?

If you borrowed close to 80% of your own home’s value, or 70% of an investment property, you might be paying penalty interest rates.
Your home has increased in equity since then. Together with your loan repayments, you could now be under that magic LVR ratio. If that’s the case, your savings from refinancing could be immense.

Let’s work out how much a few pointy discussions with your bank could save you. I love going in on behalf of my clients to save them money. It’s a game we play every day, and one we usually win.

Call me today or reply to this email and let’s see what we can do for you.

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