Interest rates just keep falling here's my prediction !

Will the OCR drop further?

The OCR is at an all time low 0.25% The Reserve Bank is due to make a Monetary Policy Statement 11..11.2020 and I suspect the OCR will be cut another 0.25% base points bring the OCR down to 0.00%.

The impact of this will cause interest rates to fall again and I believe below 2.0% for the first time ever in New Zealand’s history, by Christmas 2020 you should be able to secure a mortgage interest rate of just 1.99%.

So what does this all mean to the borrower, it means cheaper interest rates…here’s an example below….

EXAMPLE: WHY WOULD YOU RENT?

RENT 3 X BEDROOM HOUSE WITH RENTAL COST OF $425 PER WEEK.

PURCHASE 3 X BEDROOM HOME FOR $350,000 DEPOSIT $35,000 = $315,000 LOAN WILL COST $268 PER WEEK SAVING A MASSIVE $157 PER WEEK.

(based on 30 year loan Interest rate 1.99 % fixed for 2 years)

So take advantage of this historical low interest rates and take the plunge into your first home, banks are willing to lend its never been easier to borrow for your first home…10% deposit is all you need which is made from your Kiwisaver, First Home Grant, Savings and Giftings it couldn’t be easier….

Get Pre-Approved so that you can go shopping with confidence as you know what you can borrow so that when the right home comes along you can make an offer.

So give me a call 0275260007 or email me click and lets make a plan for you….its a free service…Mortgage Group, Simple Fast Approved.

IF YOU ARE IN THIS SITUATION OR KNOW OF SOMEONE THAT IS THEN PLEASE PASS THIS EMAIL ON, AS A REGISTERED FINANCIAL ADVISER I CAN ASSIST YOU OR THEM FOR FREE, "SIMPLE FAST APPROVED" ALL YOU NEED TO DO IS CONTACT ME TODAY....

Contact me anytime via email, phone 0275260007 or Facebook  I'd love to hear from you.