if you have loans fixed at higher rates for another year, i presume this "low rates" doesn't apply until such time your loans come off fixed?
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Originally posted by jack2016 View Postif you have loans fixed at higher rates for another year, i presume this "low rates" doesn't apply until such time your loans come off fixed?
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Originally posted by Beano View PostWhat are you paying for your commercial loan?
I just heard on CNBC that NZ will go to Negative rates mid next year ... if thats the case might get 5yr Fixed in the mid 2's ???
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Originally posted by JBM View PostAt present my three loans are all at 3.79% but come off fixed terms 16 JULY ..might just fix the lot for another year 2.7% etc
I just heard on CNBC that NZ will go to Negative rates mid next year ... if thats the case might get 5yr Fixed in the mid 2's ???
Banks have been given until the end of this year to sort their systems to handle negative OCR - so far that is the only definite.
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Originally posted by Wayne View PostCNBC know that we WILL go negative mid next year - I wonder who they know who can say that for SURE?
Banks have been given until the end of this year to sort their systems to handle negative OCR - so far that is the only definite.
They wont go negative mid next year,they will go negative by Xmas this year.
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The RBNZ will signal negative interest rates around September, to coincide with the bankrupcy and closing of many big & small companies as wage subsidies run out and financial reports are released,they will be bad real bad.
It will lead to a second share market crash worldwide.
Im excited as I will become even more wealither with lower and future negative retail interest rates.
Check mate in 3 moves.
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I have 347k coming off at xmas, and its a 4.99 deal. Free money basically, and even more coming off at the start of next year.
Just waiting on another deal to be approved from the bank so most of my loans are going to be historically low, only downside is all the extra cashflow is going to the PPOR! Oh well, should be able to pay off the home 10 years early now."DEBT BECOMES IRRELEVANT WITH INFLATION".
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Mate is calling for 2.49 by July. I have 760k rolling off 5.09 in July. A more than 50% pay raise.
Also... these levels of rates will help a lot of people get through.Free online Property Investment Course from iFindProperty, a residential investment property agency.
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Free online Property Investment Course from iFindProperty, a residential investment property agency.
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Originally posted by JBM View PostAnyone re-financed recently much cash being offered ...ASB offered me $4550 this time last year ....for just over 600k in lending
This might be a dumb question but to banks offer cash to re-finance? When you loans are rolling over and you have to option to go to a new bank will the exisiting bank offer cash? I was told by my broker this is not the case?
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