‘Mortgages’ Archives
Something Different »
You know it suddenly dawned on me that people often have no idea what I do or my company does for people. Over the years we have jokingly called ourselves the millionaire makers because so many of our clients require over $1,000,000 in retirement to be able to provide them with what they want in retirement. I know lots of you will shudder and [...]
ANZ Portfolio Mortgage »
Today I read about a new product being released in Australia for investors. Fantastic. Hopefully ANZ will bring this product over the ditch as well and provide it here for kiwi investors. The following is an excerpt from the article. The ANZ Portfolio mortgage operates like a line of credit and is geared to enable investors to consolidate [...]
School Holidays »
It is interesting spending so much time with the kids. It's been a couple of weeks since I have spent the whole day working as school holidays has meant most of the time I have been doing various daddy things. The newspaper has not been opened. Emails have been reposnded to slowly. The movie theatre and parks have seen a lot of [...]
Experts Advise to Fix Short Term »
Many experts are advising the best option at the moment is to fix your mortgage for short terms. This week HSBC bought it's 6month rate down to 5.39% which is now the lowest six-month rate on offer. Westpac and Public Trust also cut their six-month rates bringing them to 5.50%. I have just fixed my ANZ loans for the short term as well.
Weekly Update »
In the last week we have seen the reserve bank leave interest rates where they were which as you are probably aware did not go down well with me. The banks have pretty well refused to lower interest rates and have announced significant profits in a time when the rest of the world is suffering from the actions that they took (i.e poor lending [...]
Completely Wrong »
The Reserve Bank has left the Official Cash Rate (OCR) unchanged at 2.5 percent but indicated it may cut again. It's the first time in nine reviews of official interest rates dating back to June last year that the central bank hasn't cut the OCR. Reserve Bank governor Alan Bollard said today although the economic outlook remained weak both [...]
Interest Rates »
ANZ and the National Bank have both increased rates for most terms of 18 months or more. The one rate they haven't changed is for a two-year term. The increases are all in the 10 to 15 point range. Much of the attention has been on ASB for hitting the 8.00% mark with its five-year rate. ANZ has increased its five year rate 14 points to 7.99%, [...]
Back In Auckland »
So a week away in Australia surfing and enjoying the warmth has me fired up to get ready for the next trip over there in about a month. I saw Michael Hill receive great honors at the world entrepreneur awards and it was interesting listening to him talk about what he would like to do next. Our share market was off to a flying start this morning [...]
Mixed Day »
News today that the Bank of New Zealand is hoping to raise at least $150 million from New Zealand retail and wholesale investors, for general corporate purposes. It will be interesting to see what rate they go after and how quickly they fill the offering after the success of other raisings this year. The ING Property Trust slid to an annual [...]
Banks Told To Lower Profits »
Finance Minister Bill English has told banks to lower their profits, after the four big Australian-owned lenders reported total profits in excess of $4.5 billion. It always amazes me when the Banks make statements about how tough it is yet unlike many other businesses that are actually loseing money they are merely not making as much as [...]
