Hi. With the looming interest rate rises, please advice best options for home loan 2-3 yrs . Thanks
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Hi, depending on loan size, LVR, location and property type (so quite a few variables) maybe around 5.45-5.5% for a 2 year rate. Again there are quite a few variables that affect it so depending on the circumstances it could be slight less, or slightly more. What you may see is banks still keen to price well for under 80% LVR deals, the more sub 80% deals on the books the more 80% + LVR deals they can do in due course.Craig PopeCraig Pope Mortgages & Insurance
www.craigpope.co.nz
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Originally posted by Wayne View Postsplit the loan and fix some for differant periods - 1, 3 and 5 years
The Banks!
Well they do that all the time and everytime they push that lie the rates go down.
That's the more likely senario next year.
Oversea's is looking pretty grim.
NZ will have a lot of dosh coming in and plenty of cheap dosh to borrow.
France to crash next year after the Americans run out of their money supply in October 13.
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Originally posted by nick_pv View PostI went 6% for 4 years.
Rates will rise when QE ends.“Our favorite holding period is forever.”
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Originally posted by jamesmurphy552 View PostIf you want to get suitable interest rate on a home loan, it is always better to compare rates from different lenders and select one that suite your needs. There are many online comparison websites that can help you in that.Craig PopeCraig Pope Mortgages & Insurance
www.craigpope.co.nz
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