Page 1 - Winter Edition 13 - August 2019

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P A P A K U R A

Life Property
Winter Edition 13 - August 2019

Insight, Advice, News, Guidance and Entertainment

Ways to get Mortgage Free Faster

Paying off a mortgage can seem impossible

when you first get it. But if you chip away at it,

month in, month out, you’ll get it under control

faster than you could imagine.

Interest is key
Think first about the interest rate. The lower, the better, so shop around.

Try to save a 20 per cent deposit, because you can pay less interest if you do.

What kind of mortgage?
The next question is fixed, floating or revolving credit?

• With a fixed mortgage, you’re guaranteed to pay the same interest rate for the fixed

period, anything from six months to two years. You’ll know exactly what you’ll pay.
Some people love that peace of mind.

• Floating mortgage interest rates go up or down depending on how well the
economy is doing. The advantage of a floating mortgage is that you can usually make
extra payments when you have more cash. The other advantage is that you can switch

without break fees.

Continued over page...
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Life Property
P A P A K U R A

is happily brought to you by Chris Grantham
0274 960 959 c.grantham@barfoot.co.nz