How the OCR could double monthly mortgage interest payments
If the official cash rate gets raised from 0.25% to 2.25%, we can anticipate that the one-year fixed rate to go from the current 2...
Why you might be better to break your home loan early
Typically you refix your loan at the end of your loan term, but it can make sense to break a loan and refix for a long term benefi...
New borrowers will pay more
If borrowers are approaching taking on a new mortgage with a view (conscious or not) that rates tend to fall over time and debt management is made easy, they had best think again.
Mortgage rates set to go under 2%
Following the recent speculation around New Zealand’s Official Cash Rate heading into the negatives, economists are expecting that we could be seeing home loan interest rates drop below 2% for the next couple of years.
Does a mortgage holiday affect your credit score?
During the lockdown, many New Zealanders financially affected by Covid-19 have been taking up the banks' offers of going on a mortgage holiday (also referred to as a repayment deferral).
Managing your mortgage through the COVID-19 crisis
Squirrel's CEO John Bolton shared some practical advice for homeowners, and how to keep up with mortgage repayments when hit by financial hardship, in a time like this.