Trebla Partners Limited is a Financial advice provider in Auckland, New Zealand.
“The Reserve Bank has restrictions on the percentage of home loans banks can lend to people with less than a 20% deposit. Whether you have 20% or not, a Trebla adviser can help you understand the options available and what you can expect based on your financial situation.”
“LVR stands for Loan-to-Value Ratio, the amount you're borrowing expressed as a percentage of the property's value. For example, borrowing $480,000 on a $600,000 property gives you an LVR of 80%. A deposit of at least 20% (80% LVR or lower) generally gives you access to the best rates and widest choice of lenders.”
“A fixed mortgage locks your interest rate for a set term, giving you certainty about repayments. A floating (variable) mortgage moves with the market, typically linked to the OCR, so repayments can go up or down. Many clients split their mortgage between fixed and floating to get the best of both worlds.”
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