Interest-only Loans – What are They and are They for You

A loan is said to be interest-only if the monthly instalment payment that has to be made by the borrower consists of only the interest. The luxury of paying the interest lasts only for a specific period of time though, which normally ranges from five to ten years. The borrowers though have the option of […]

Repayment Structures: What Kind of Loan is Best for you?

Nowadays, mortgages come in all shapes and sizes in New Zealand. However, there are certain features of a mortgage that remain the same across all types of mortgage schemes. Every mortgage rate will be associated with a particular kind of interest rate, a fixed or variable fee to be paid off in monthly, or quarterly […]