What are people's thoughts on fixing long term,such as 7 or 10 years for a long term buy and hold strategy?
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Fixing long term interest rates
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Normally in NZ for an IP you can only get 5 years at most.Free online Property Investment Course from iFindProperty, a residential investment property agency.
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I enjoy fixing because I like certain numbers when doing calculations and want to remove variables, plus you can fix for a year at 4% at the moment its fantastic.Finance Broker - www.creditone.co.nz
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Originally posted by Damo View Post4% ay? where are you getting these deals? I see 4.5% approxwww.ilender.co.nz
Financial Paramedics
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Ask around, its very competitive right now.Free online Property Investment Course from iFindProperty, a residential investment property agency.
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Use Loanmarket if you cant negotiate well yourself, they will also give you good advice.Finance Broker - www.creditone.co.nz
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I am not with LoanMarket, but I am a mortgage adviser and with the power of negotiation and the number of deals I put through, getting 4-4.3% is definitely achievable at the moment for a fixed for 1 year period.
2 years will be around 4.3%p.a. give or take .1
The best i've done for long term, is fixed 5 years at 4.89%p.a. which is a pretty good.
The key thing to note is that it depends or your strategy to whether long term fixing works or not because it will make it a pain to break any of the loans if there is any selling of properties or restructuring.
Hope this helps.Michael Karabassis RFA
Mortgage & Risk Adviser
Bass Partners Ltd
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yeah the banks are doing pretty well especially when you give them a chance to price and then price. But again its about the total lending package and/or your brand with the bank too.Michael Karabassis RFA
Mortgage & Risk Adviser
Bass Partners Ltd
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