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August 2017's Property Gazette
Published by Scott Miller
When Was Your Last Interest Rate Health Check?
Everyone’s talking about interest rates. How much are they? Where can I find the best rates? Should I float or should I fix my mortgage based on interest rate forecasts? Why won’t my bank match another banks rate?
At Advanced Mortgage Solutions, we know interest rates like the back of our hands. Instead of spending hours hunting around the internet and visiting lenders, visit us instead. Whatever interest rate questions you throw at us, we’ll give you the most reliable and up to date answers. As trusted mortgage advisors, we specialise in using everyday language and don’t blindside you with complicated terminology.
Current Interest Rate Trends
A weaker than expected inflation rate has got some economists calling for the Reserve Bank to lower the OCR, especially with house sales dropping around the country. While mortgage borrowing continues to rise in volume, sales have slowed.
But which direction does this leave interest rates heading? Upwards it seems, with major banks Kiwibank and SBS raising their floating rates and TSB it’s two-year fixed rate on 1st August 2017, after a month of limited movement.
When Was Your Last Health Check?
If you are already a client of Advanced Mortgage Solutions then we are already looking after your mortgage to ensure you have the best fit for your needs.
However, we encourage anyone with a mortgage that doesn’t currently use us as their ‘go to’ for mortgage information to contact us for a mortgage health check. It’s important to check your mortgage is working best for you and not the bank. We’re here to offer you a free financial health check this August. Call us on 0508 466 356 or fill in our contact form to book your spot today.
We can check how your mortgage is working for you, identify any ways we can help you save on repayments, work out how to pay your mortgage off faster and help you decide between a fixed or floating loan. Even better, we can apply on your behalf for discounted interest rates on your existing loan! Book your spot now!