fixed home equity loan rates
Thu, 20 Nov 2014 22:19:35 GMT
Cuts to three-year, fixed-term home loan rates from BNZ and Kiwibank; Kiwibank ...
Kiwibank says effective from Monday, November 24, it'll be removing its five-year 5.99% "special" and introducing a three-year "special" of 5.89% for lending with minimum 20% equity. Kiwibank offers a $2,000 cash incentive with new lending of more than ...
Sun, 16 Nov 2014 22:54:18 GMT
ASB lowers fixed home loan interest rates
Scoop.co.nz (press release)
Fixed interest rate specials apply to new and existing lending for customers who have at least 20% equity (i.e. a Loan to Valuation Ratio of less than or equal to 80%), an ASB credit card and have salary or wages credited to their main transaction account with ...
Mon, 10 Nov 2014 18:09:25 GMT
More refinancing borrowers cash out home equity
As home values have increased and mortgage rates have remained low, it appears that more borrowers are now tapping their home equity through refinancing — a way, perhaps, to use home equity to pay down higher interest loan debt or fund home renovations. Borrowers extracted an ... Taking cash out at refinancing can be more appealing than a home-equity line of credit for people who want a fixed rate; many times HELOCs come with a variable rate that can change over time, Gjeldum said. Borrowers doing ...
Fri, 24 Oct 2014 15:21:36 GMT
Wall Street Journal
Mortgage Rates Tumble
Wall Street Journal
The average rate on a fixed-rate 30-year mortgage fell to 4.03% in the week ended Oct. 17, the lowest level since June 2013, and remained there through Thursday, according to mortgage-information website HSH.com. That compares with 4.29% in mid-September and ... Borrowers seeking to withdraw equity from their homes should consider whether they are better off with what is known as a cash-out refinance, a home-equity line of credit or a home-equity loan. They could get a lower interest rate with a cash-out ...
Sat, 18 Oct 2014 18:36:43 GMT
Is a home equity line of credit a fit for you?
Such loans also tap home equity, but generally come with a fixed principal and interest payment. This eliminates the potential shock payment risk of a variable interest rate. “Instead of accessing a HELOC, if you have debt elsewhere, it might be the better ...