Results: Advice

Calculator, laptop and cash on table
02 July 2021

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...

Broken pieces of chalk
04 June 2021

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...

White arrow painted onto road
23 April 2021

Two triggers for rate rises

At some stage banks will raise their fixed lending rates to avoid locking in lending at low margins for a number of years. There a...

11 February 2021

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.

07 September 2020

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.

20 April 2020

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).

23 March 2020

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.