Last Thursday the Reserve Bank Governor, Alan Bollard, kept the official cash rate (OCR) at 2.5%, and around this annoucement we have seen further rises in longterm interst rates by some of the lenders. Due to the historically low level of the floating rate, we are now seeing more and more clients choosing to stay on the floating rate or selecting a short term fixed option.
This is having a desired outcome for the Reserve Bank as it enables them to implement the Reserve Bank monetary policy into effect faster than has previously been experienced in prior years.
Depending on the borrowers situation it is important to select the correct loan structure for your needs. At Manawatu Home Loans we will work through this information with you to ensure best fit for your needs!
Determining the right home loan structure is vitally important to manage your home loan for the duration of its term. One of the main factors is ensuring that the loan is structured correctly to meet the needs of your day to day banking requirements and flexibity of your funds.
At Manawatu Home Loans we take care in making sure home loan facilities are correctly structured so they allow for maximum banking ease well into the future.
If you, or anyone you know, are looking at restructuing existing debt or purchasing a new home, then please dont hesitate to give the team at Manawatu Home Loans a call and we will meet with you at your home or place of work to discuss your needs.
Trauma Insurance pays you a lump sum payment in the event that you are diagnosed with a specified illness. Most insurance companies will cover you for up to 45 illnesses including conditions like Cancer, Heart Attack, Stroke etc.
Trauma insurance is designed to pay you a lump sum when you need it most, for example, if you were to suffer from cancer and you were off work for a long period while you receive chemotherapy, your life insurance would not pay out but your trauma insurance would give you that lump sum payment to ease the financial pressure of not being able to work.
How many people do you know who they, or a member of their family, has suffered a serious heart attack or cancer? If this was to happen to you, of course it would be devastating for the whole family but having Trauma Insurance in place would lessen the financial impact.
Please give the team at Manawatu Home Loans a call and they will get one of our advisors to talk to you about this important benefit or you can call HLG Insurances on freephone 0800 800 306 and we will organise for one of our advisors to meet with you.
Go to our website anytime to see the latest update in interest rates! As well there is an abundance of information on
1. buying a home
2. loan structure
3. refinancing your loan
4. first home buyers
5. investment property purchase
6. building a home
You will also find more about our team, who we are, and our disclosure documents....just remember www.home-loans.co.nz to refer your friends and family to us too - our team at Manawatu Home Loans would be happy to help!
Enjoy this spring day!!