How to Choose the Right Interest Rate for Your Mortgage
Interest rates are a fundamental aspect of the financial landscape, influencing everything from personal loans to mortgages and credit cards. At their core, interest rates can be categorised into two primary types: nominal and effective rates. The nominal interest rate is the stated rate on a loan or investment, not […]
October 24, 20249 min read
Understanding and Leveraging Offset Mortgages in New Zealand
An offset mortgage is a financial product that enables borrowers to link their savings and current accounts to their mortgage. The balance in these accounts is subsequently offset against the outstanding mortgage balance, thereby reducing the amount of interest the borrower pays on their mortgage. Rather than earning interest on […]
October 14, 20247 min read