The right home loan for you

Metro Magazine NZ - - Metro + Tsb -

A float­ing home loan rate goes up and down with in­ter­est rates but pro­vides more flex­i­bil­ity when you’re want­ing to pay off your loan faster.

There are a range of re­pay­ment op­tions. You could choose fixed, float­ing or even re­volv­ing credit. Some­times a mix works.

A fixed home loan gives you cer­tainty. Your in­ter­est rate is fixed for a pe­riod of time and you know ex­actly how much you’ll pay each loan pay­ment.

Re­volv­ing credit suits some buy­ers and works like an over­draft. You can with­draw money up to your credit limit when you need to for a fixed monthly fee.

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