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Why Splitting Your Mortgage is a Smart Move When Interest Rates are Falling
With interest rates showing signs of potential decline in 2025, many homeowners are considering how to structure their home loans to get the best financial outcome. One effective strategy is splitting your mortgage — dividing it between fixed and floating rates. This approach can provide the stability of a fixed-rate loan while allowing flexibility to take advantage of falling rates.
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Interest Rates are Falling: What Kiwi Homeowners Need to Know About Break Fees
With the recent announcement from the Reserve Bank on easing the OCR Banks have responded by reducing interest rates they have on offer that triggers many homeowners to think about refinancing their mortgages to take advantage of the lower rates. While securing a lower interest rate and potentially reducing your monthly payments is attractive, it’s important to understand the potential costs involved, particularly the break fees associated with breaking your existing mortgage.
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