Buying guide
Fixed, floating or split mortgage?
Understand your options
6 December 2023
AI summary
Choosing between a fixed, floating, or split mortgage is a key decision for homeowners.
Fixed rates offer payment certainty for a set term, which is great for budgeting but can limit extra repayments. Floating rates provide flexibility to pay your loan off faster, though your repayments can rise or fall.
A popular strategy is a split mortgage, which combines fixed and floating portions to balance security and flexibility. The ideal structure depends on your financial goals and risk appetite.
How does a fixed mortgage work?
Choosing a fixed rate term
There may be some repayment flexibility with a fixed mortgage
How does a floating mortgage work?
Why do floating rates change?
What are the different types of mortgages?
Examples of possible mortgage structures
Getting experienced advice
Authors
Discover More
Te Anau: The Gateway To Fiordland | You Are Here
Introducing a new series highlighting the suburbs Kiwi love most, as told by the locals who make each place what it is.
Nearly 80 years, one family: A beloved coastal home hits the market for first time
After nearly 80 years with one family, this beloved Breaker Bay home is on the market.
Search
Other articles you might like
