https://www.ohbaby.co.nz/forum/ Copyright (c) 2006-2013 Web Wiz Forums - All Rights Reserved. Fri, 15 May 2026 14:22:05 +0000 Wed, 18 Nov 2020 08:36:30 +0000 http://blogs.law.harvard.edu/tech/rss Web Wiz Forums 12.05 360 https://www.ohbaby.co.nz/forum/RSS_post_feed.asp?TID=8176 https://www.ohbaby.co.nz/forum/forum_images/web_wiz_forums.png https://www.ohbaby.co.nz/forum/ https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=8176&PID=5909743&title=mortgages#5909743 Author: Petra265550
Subject: 8176
Posted: 18 November 2020 at 8:36am

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]]> Wed, 18 Nov 2020 08:36:30 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=8176&PID=5909743&title=mortgages#5909743 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=8176&PID=159667&title=mortgages#159667 Author: Roksana
Subject: 8176
Posted: 12 June 2007 at 9:41pm

we are with BNZ. We were with National butdidnt like them....we are on fixed but have the flexibility to pay $300 more each fortnight .....we pay $200 extra, which is great because you see the principle loan go down.

We like BNZ so far.... ]]> Tue, 12 Jun 2007 21:41:32 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=8176&PID=159667&title=mortgages#159667 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=8176&PID=159491&title=mortgages#159491 Author: emz
Subject: 8176
Posted: 12 June 2007 at 6:47pm

I found Westpac's service was average too. Do you get the DTLS fleury? They lost our form but didn't tell us and we spent 2 months playing phone tag trying to get it sorted. Now that's 2 months worth of subsidy for us down the toilet ]]> Tue, 12 Jun 2007 18:47:43 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=8176&PID=159491&title=mortgages#159491 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=8176&PID=159368&title=mortgages#159368 Author: caliandjack
Subject: 8176
Posted: 12 June 2007 at 3:00pm

We fixed most of ours, and a small amount capped. The capped mortgage allows extra payments without penalties, and if rates ever come down so will our rate.
We fixed for 3 years, 1 year ago. We went with Westpac as DF qualified for the government employees package as he's in the airforce. We got good savings on our rates, but their service is pretty average. We went thru Mortgage Brokers in Palmy and can't recommend them enough. Kiwibank was one with good rates, but lacking in service!?]]> Tue, 12 Jun 2007 15:00:33 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=8176&PID=159368&title=mortgages#159368 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=8176&PID=159362&title=mortgages#159362 Author: aimeejoy
Subject: 8176
Posted: 12 June 2007 at 2:52pm

Hmmm, I like the idea of Fly Buys!! We are just a bit scared about fixing at the moment cos its so high, but if we did fix for a short time (1 year) it may be even higher then. Argh! ]]> Tue, 12 Jun 2007 14:52:00 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=8176&PID=159362&title=mortgages#159362 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=8176&PID=159318&title=mortgages#159318 Author: Two Blondinis
Subject: 8176
Posted: 12 June 2007 at 2:15pm

emz wrote: And always remember, the banks work for you, not the other way around! They want your money, so they'll try and bend over backwards to get it, especially with the interest rates being so high.

Unless you're 25 buying a stand alone bungalow on a cross lease section with 9 units behind!

ONLY BNZ would give us a home loan! Granted that was back in '02 before the market went nuts but even when our fixed expired last year and we looked into remorgaging with another bank we still had issues (even though our house has almost doubled in value!) ]]> Tue, 12 Jun 2007 14:15:29 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=8176&PID=159318&title=mortgages#159318 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=8176&PID=159004&title=mortgages#159004 Author: emz
Subject: 8176
Posted: 11 June 2007 at 11:14pm

With the broker thing, they are going against broker ethics if they do 'best deals' with banks in their favour. All reputable brokers should have a contract stating their obligation to you that they, and you, sign. Maybe I'm biased towards them because ours was quite blatant and told us which banks he worked with, and which banks he suggested we go and get independent quotes from (like BNZ). Westpac was still cheaper as he worked out a government pac and another deal to get us more $$.

And always remember, the banks work for you, not the other way around! They want your money, so they'll try and bend over backwards to get it, especially with the interest rates being so high.]]> Mon, 11 Jun 2007 23:14:48 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=8176&PID=159004&title=mortgages#159004 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=8176&PID=158990&title=mortgages#158990 Author: AnnC
Subject: 8176
Posted: 11 June 2007 at 10:48pm

I work for Bnz (on maternity leave) so a little biased as I know more about their mortages. But they have their tailored homeloan as it helps you pay it off sooner and you can get fly buys with it too. If you fix but want to pay off lump sums you can do 5% of the total amount of the mortage each year with out it effecting your fixed rate (which means if you have a 100,000 mortage you can pay 5,000 off per year to get it down quicker) BNZ do do other ones too and its just a phone call away to find out whats best for you. They don't go thru mortage brokers along with other lending places so mortage brokers aren't always getting you the best deal out there rather whats the best deal for them (what bank pays the mb best)
You can part float part fix if you want the flexiblity but thats best if you want to make bigger lump sums as you can get a seperate loan (mortage) using the same house as security - we have 10000 seperate from our main larger mortage taken out the same time.
hope thats not too confusing for you.
PM me if you wanna know more. I also know abut TSB as I have had one there and not because I work there but the BNZ one was better for us as we were going to pay so much more interest in the long run at tsb.]]> Mon, 11 Jun 2007 22:48:43 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=8176&PID=158990&title=mortgages#158990 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=8176&PID=158971&title=mortgages#158971 Author: Two Blondinis
Subject: 8176
Posted: 11 June 2007 at 10:10pm

Ours is with BNZ, we got it through Mike Peroe (BNZ turned us down when we approached them ) The guy from there got us a great deal on a 3 year fixed AND with Fly Buys
We just re-fixed last year at 7.5% and am dreading when that runs out!
We never liked the revolving or the floating types as we need to know exactly what is coming out each week.]]> Mon, 11 Jun 2007 22:10:23 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=8176&PID=158971&title=mortgages#158971 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=8176&PID=158947&title=mortgages#158947 Author: Brenna
Subject: 8176
Posted: 11 June 2007 at 9:22pm

We are part fixed and part revolving. The only reason we got part revolving is because we are doing renovations and needed to be able to get hold of large chunks of money whenever we needed it. Works well for us! ]]> Mon, 11 Jun 2007 21:22:03 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=8176&PID=158947&title=mortgages#158947 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=8176&PID=158875&title=mortgages#158875 Author: linda
Subject: 8176
Posted: 11 June 2007 at 7:57pm

We're with ASB and want to fix some of our revolving credit because the interest rate is getting so high. I have heard really good things about TSB and looking at the rates they have the best but we have to keep with ASB at the mo as that is where the bulk of our mortgage is.

I did tell ASB I was looking at other banks so they dropped there rate slightly. ]]> Mon, 11 Jun 2007 19:57:09 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=8176&PID=158875&title=mortgages#158875 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=8176&PID=158860&title=mortgages#158860 Author: busymum
Subject: 8176
Posted: 11 June 2007 at 7:19pm

We bought our place in October and went fixed with National. We were already with them with we went through a broker and he negotiated a great deal for us.]]> Mon, 11 Jun 2007 19:19:19 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=8176&PID=158860&title=mortgages#158860 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=8176&PID=158836&title=mortgages#158836 Author: miss
Subject: 8176
Posted: 11 June 2007 at 6:30pm

We are with ASB, just refixed at 8.7 percent and are really pleased with them. I have heard good htings about kiwibank, but as they dont do mortgage holidays on fixed mortgages (apparently, was talking to someone aout that revcently) that didnt work for us as we acre curently on a mortgage holiday (paying of debts then saving the rest to pay the increase in the morgtgage due to increased rate for rest of maternity leave!)]]> Mon, 11 Jun 2007 18:30:36 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=8176&PID=158836&title=mortgages#158836 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=8176&PID=158831&title=mortgages#158831 Author: SuziE
Subject: 8176
Posted: 11 June 2007 at 6:08pm

With the broker thing just check which banks/how many banks they are working with ... some only work with certain banks which they have a good 'relationship' with ... we used a broker for our first mortgage .. the other two we brokered ourselves and got really good deals.

We have most of ours fixed, one on interest only and around 20K on flexi.

Edited by SuziE]]> Mon, 11 Jun 2007 18:08:09 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=8176&PID=158831&title=mortgages#158831 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=8176&PID=158770&title=mortgages#158770 Author: Guests
Subject: 8176
Posted: 11 June 2007 at 5:05pm

We have part fixed, and part revolving - although the revolving portion of our mortgage is quite small and entirely manageable, thank god DH is the financial whiz in our household! I think it suits us quite well, and we are with KiwiBank. ]]> Mon, 11 Jun 2007 17:05:23 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=8176&PID=158770&title=mortgages#158770 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=8176&PID=158710&title=mortgages#158710 Author: pepsi
Subject: 8176
Posted: 11 June 2007 at 3:57pm

We have a fixed mortgage (7.8%) with ASB.. I definitely agree with emz about the revolving type mortgage, it can be a bit of a $$ trap if you're not the strictly disciplined type. I preferred fixed as I like to know exactly how much is coming out..]]> Mon, 11 Jun 2007 15:57:52 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=8176&PID=158710&title=mortgages#158710 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=8176&PID=158702&title=mortgages#158702 Author: Bizzy
Subject: 8176
Posted: 11 June 2007 at 3:48pm

WOW!!!!!

i didnt realise how much they had gone up by...
]]> Mon, 11 Jun 2007 15:48:38 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=8176&PID=158702&title=mortgages#158702 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=8176&PID=158680&title=mortgages#158680 Author: emz
Subject: 8176
Posted: 11 June 2007 at 3:26pm

I would suggest only going with a revolving type thing if you are very careful with money. I've seen many relations and friends lose equity big time by continuing to borrow because it's so easy.

I would go and see a broker - our broker that got our mortgage said that he will contact us each time our fixed rate expires and give us the best deals, so we are informed. But some are dodgy, so just keep that in mind too

Btw, we are with Westpac and got ours at 8.05+ .15 low equity = 8.2% for 3 years in Jan, just before the massive hike.]]> Mon, 11 Jun 2007 15:26:24 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=8176&PID=158680&title=mortgages#158680 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=8176&PID=158678&title=mortgages#158678 Author: Bizzy
Subject: 8176
Posted: 11 June 2007 at 3:24pm

just beccause you are fixed tho doesnt mean you cant pay off more...we do that and the small amount extra we are paying knocks heaps of years off. ]]> Mon, 11 Jun 2007 15:24:48 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=8176&PID=158678&title=mortgages#158678 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=8176&PID=158645&title=mortgages#158645 Author: Bombshell
Subject: 8176
Posted: 11 June 2007 at 2:52pm

you shouldnt have to go via a broker if you already have a mortgage - call the banks and get mobile lending managers out to see you...all the major banks do it

btw fixing now the rate will be very high - we were about to do the same a few weeks back...we hate our bnz...but staying put for now til rates drop...]]> Mon, 11 Jun 2007 14:52:24 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=8176&PID=158645&title=mortgages#158645 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=8176&PID=158622&title=mortgages#158622 Author: Lissy
Subject: 8176
Posted: 11 June 2007 at 2:11pm

Try New Zealand Home Loans.  They are fantastic.]]> Mon, 11 Jun 2007 14:11:43 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=8176&PID=158622&title=mortgages#158622 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=8176&PID=158606&title=mortgages#158606 Author: fattartsrock
Subject: 8176
Posted: 11 June 2007 at 1:54pm

We have ours through pacific home loans, which we got through a mortgage broker. I *think* its ANZ that does that. We re fixed just at 7.9% a while back, just before they went way high. Poor you having to fix now!! I would check out a mortgage broker if I was you. Saves you doing all the hard work. ]]> Mon, 11 Jun 2007 13:54:12 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=8176&PID=158606&title=mortgages#158606 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=8176&PID=158603&title=mortgages#158603 Author: peanut butter
Subject: 8176
Posted: 11 June 2007 at 1:46pm

have you tried a mortgage broker? They can often negotiate good terms for you.

Also you can fix most of it and have a little on revolving credit. We did that at the start of our mortgage and chose to have as much on revolving credit as we thought we could pay off as extra. We chose about $20,000 flexi and the rest fixed. By only having a little on revolving credit the extra interest isnt too bad.]]> Mon, 11 Jun 2007 13:46:24 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=8176&PID=158603&title=mortgages#158603 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=8176&PID=158598&title=mortgages#158598 Author: aimeejoy
Subject: 8176
Posted: 11 June 2007 at 1:35pm

Those of you with a mortgage, what bank are you with and what kind of mortgage do you have? We are currently with National and our whole mortgage is a fixed and is due to expire, so we are now looking at other options as we dont like our bank manager!

We both have personal accounts at KiwiBank and are keen to move our mortgage to them. Thinking about a revolving/flexible loan as we could pay it off a little quicker, but fixed just seems safe. Any comments much appreciated. ]]> Mon, 11 Jun 2007 13:35:04 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=8176&PID=158598&title=mortgages#158598