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Looking a refinancing from Westpac to BNZ plus they have their total money account.
I have been thinking more about the total money account.
Which I am using as well, and the BNZ website is quite cool a lot better than some of the other banks.
In one sense of the word, you are not fixed, as you can dump a whole lot of cash into your R/C account, and you then are affectively reducing the mortgages that you had "Fixed".
I have been thinking more about the total money account.
Which I am using as well, and the BNZ website is quite cool a lot better than some of the other banks.
In one sense of the word, you are not fixed, as you can dump a whole lot of cash into your R/C account, and you then are affectively reducing the mortgages that you had "Fixed".
Hi Bluekiwi , i was with BNZ only a week ago with their Total Money account , floating rate at 5.45%. However i am now with Kiwibank on a R/C , & getting a much better money saving deal; saving more than a few thousand dollars every year after having contacted Equilibrium of Kiwibank one of the forum members here on 0800 452013 .
Previously i had not had a good experience with Kiwibank but "Equilibrium" is a great pleasure to deal with & he will give you the best deal available .Its actually in the Kiwibank loan contract that they will beat or match any offer & provide a guarantee for this even after you draw down the loan.
They dont do 90% LVR over 4 rental properties though.
Doing is this way, I can have a big fat R/C sitting their, which I am going to start using for flips.
An indication of European interest rates: Today in the mail we were advised by Bank Austria that our floating rate mortgage is being reduced by .375% to the horrific rate of 1.25% PA. Current official CPI measure is 2.1%.
The mission of any business enterprise should include the aim to develop economic conditions rather than simply react to them.
An indication of European interest rates: Today in the mail we were advised by Bank Austria that our floating rate mortgage is being reduced by .375% to the horrific rate of 1.25% PA. Current official CPI measure is 2.1%.
Can I borrow 3 million NZ at 2.5% from you.
Not a bad return for you.
ROFLMAO: I need to go back to bed ...........one of the reasons NZ interest rates are so High is that NZ banks ( irrespective of ownership) borrow from places like Europe. However the interest paid is only one cost.....usually that interest rate is higher than in Europe simply because: 1. the lender perceives a risk but then the borrower(bank) also needs to manage the currency fluctuation so they need to insure against the possibility of a fall in the NZ dollar so at least 1 % has to be added.
The mission of any business enterprise should include the aim to develop economic conditions rather than simply react to them.
ROFLMAO: I need to go back to bed ...........one of the reasons NZ interest rates are so High is that NZ banks ( irrespective of ownership) borrow from places like Europe. However the interest paid is only one cost.....usually that interest rate is higher than in Europe simply because: 1. the lender perceives a risk but then the borrower(bank) also needs to manage the currency fluctuation so they need to insure against the possibility of a fall in the NZ dollar so at least 1 % has to be added.
Okay how about 9 million, but thats my final offer !!!
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