Your mortgage is essentially revolving credit, all your income gets paid into your mortgage and then you pay everything on your credit card and use your mortgage to pay your credit card. This saves you interest on your mortgage and so long as you don't spend more than you should be repaying you can pay it off much faster.
This definitely takes ALOT of discipline. DH had a small part of our first mortgage on revolving credit and we weren't disciplined enough so ended up pretty much in the same situation as we started.
If you can remain disclipined, then it could be a good option.
Yeah they have been really good so far in talking to them, much more helpful than BNZ and its wicked that we aren't going to have any fees in setting it up, they do the legal side so the only cost is going to be breaking from BNZ but will be worth it with the differing interest rates. Should have gone with them in the first place. But hey live and learn.
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First time home buyer
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