Is anyone not nearly mortgage free?
#46
BE Enthusiast
Joined: Nov 2004
Location: Waitakere City
Posts: 539
Re: Is anyone not nearly mortgage free?
I have been keeping an eagle eye out and bankdirect seem to be the cheapest atm... at least the rate hasn't gone up in the last two quarters!
#47
Re: Is anyone not nearly mortgage free?
Kiwibank:
Home Loan Current rates p.a.
Variable 9.99%
Revolving 9.99%
6 month fixed 9.60%
1 year fixed 9.60%
2 year fixed 9.35%
3 year fixed 9.15%
4 year fixed 9.05%
5 year fixed 8.75%
PSIS Bank:
Home Loans
The following annual interest rates apply:
Interest Rate % p.a.
Floating 10.45
Revolving Credit Facility 10.45
Discounted Floating 9.95
Fixed - 6 months 9.65
Fixed - 1 year 9.65
Fixed - 2 years 9.40
Fixed - 3 years 9.15
Fixed - 4 years 9.05
Home Loan Current rates p.a.
Variable 9.99%
Revolving 9.99%
6 month fixed 9.60%
1 year fixed 9.60%
2 year fixed 9.35%
3 year fixed 9.15%
4 year fixed 9.05%
5 year fixed 8.75%
PSIS Bank:
Home Loans
The following annual interest rates apply:
Interest Rate % p.a.
Floating 10.45
Revolving Credit Facility 10.45
Discounted Floating 9.95
Fixed - 6 months 9.65
Fixed - 1 year 9.65
Fixed - 2 years 9.40
Fixed - 3 years 9.15
Fixed - 4 years 9.05
#48
Forum Regular
Joined: Sep 2004
Location: Bristol-Waitakere- now ChCh
Posts: 124
Re: Is anyone not nearly mortgage free?
Some banks are also open to a wee bit of negotiation too. We negotiated a lower interest rate than advertised with Sovereign in Auckland. Sadly they don't deal with the South Island
#49
BE Enthusiast
Joined: Nov 2004
Location: Waitakere City
Posts: 539
Re: Is anyone not nearly mortgage free?
Kiwibank:
Home Loan Current rates p.a.
Variable 9.99%
Revolving 9.99%
6 month fixed 9.60%
1 year fixed 9.60%
2 year fixed 9.35%
3 year fixed 9.15%
4 year fixed 9.05%
5 year fixed 8.75%
PSIS Bank:
Home Loans
The following annual interest rates apply:
Interest Rate % p.a.
Floating 10.45
Revolving Credit Facility 10.45
Discounted Floating 9.95
Fixed - 6 months 9.65
Fixed - 1 year 9.65
Fixed - 2 years 9.40
Fixed - 3 years 9.15
Fixed - 4 years 9.05
Home Loan Current rates p.a.
Variable 9.99%
Revolving 9.99%
6 month fixed 9.60%
1 year fixed 9.60%
2 year fixed 9.35%
3 year fixed 9.15%
4 year fixed 9.05%
5 year fixed 8.75%
PSIS Bank:
Home Loans
The following annual interest rates apply:
Interest Rate % p.a.
Floating 10.45
Revolving Credit Facility 10.45
Discounted Floating 9.95
Fixed - 6 months 9.65
Fixed - 1 year 9.65
Fixed - 2 years 9.40
Fixed - 3 years 9.15
Fixed - 4 years 9.05
#50
Re: Is anyone not nearly mortgage free?
Oh I thought Sovereign were countrywide? We've been quoted for Life Assurance by them. Advisor said they were one of the biggest companies in NZ for financing and insurances.
#52
Re: Is anyone not nearly mortgage free?
Quote from Sovereign website
At Sovereign*, we help build and protect a future for you and your family, through our range of financial services.
We offer life insurance, health insurance, home loans, savings and investment services including retirement solutions. All Sovereign products and services are available through third party distributors, such as financial advisers, throughout New Zealand.
At Sovereign*, we help build and protect a future for you and your family, through our range of financial services.
We offer life insurance, health insurance, home loans, savings and investment services including retirement solutions. All Sovereign products and services are available through third party distributors, such as financial advisers, throughout New Zealand.
#53
Forum Regular
Joined: Sep 2004
Location: Bristol-Waitakere- now ChCh
Posts: 124
Re: Is anyone not nearly mortgage free?
I rang them last year when we moved and they said they didn't do mortgages here. As you said, they do insurance so not sure why they can't.... ah well !
#54
Re: Is anyone not nearly mortgage free?
Maybe they've only recently changed? The guy we saw just before Christmas said they did and their website seems to advertise they do. Having checked their rates though they're not the cheapest.
#55
Forum Regular
Joined: Sep 2004
Location: Bristol-Waitakere- now ChCh
Posts: 124
Re: Is anyone not nearly mortgage free?
May be they just thought we weren't a good bet
As you said, they don't have the best rate any more so I'll let them off !
As you said, they don't have the best rate any more so I'll let them off !
#56
Re: Is anyone not nearly mortgage free?
Hope you ended up with a good deal anyway. Does anyone pay their mortgage fortnightly to get it paid off quicker? I like the idea of paying if off faster but not sure if its affordable compared to the monthly payment.
#57
Forum Regular
Joined: Sep 2004
Location: Bristol-Waitakere- now ChCh
Posts: 124
Re: Is anyone not nearly mortgage free?
We pay ours weekly with TSB. We took out a 6.85 2 yr fixed mortgage with them last Feb..... not looking forward to next Feb - Gulp.
#59
BE Enthusiast
Joined: Nov 2004
Location: Waitakere City
Posts: 539
Re: Is anyone not nearly mortgage free?
We should be ok with 80% lending... if the current council valuation is correct, my mortgage is only 60% of the value of the house.