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FINANCE

New Online Mortgage Recalculator

Thursday 24 May 2018, 7:06PM
By LifeCovered.nz
158 views


WAIKATO

Recalculate your own mortgage online. It has never been easier.

Refinancing first home loan or mortgage has never been easier, now that you can calculate your own mortgage with this mortgage calculator.

And if you want to get this online mortgage calculator on your page, you can do so and the best part is, it's free.

Kiwi's are particularly happy for mortgages because traditionally people have experienced capital gains, which means wealth accumulation. 

When I compare the New Zealand housing market to that of Denmark or Scandinavia, I think the average Kiwi is much more aware of housing as a possible asset generator.

Whether or not this then results in mortgage and house speculation will always be debatable. But for sure there is some speculation happening in the market.

Moms and dads, possibly freehold, that has mortgaged their own home as a deposit, to finance the new mortgage for a new home. 

Young families that borrow to the max, are vulnerable if interest rates increase.

Thankfully, the reserve bank has said now rates increase until end 2019, which means there is peace in the market.

Contact us for best mortgage rates NZ.