MR - Weekly News

NZF re-adjusts high LVR loan structure

Thursday 1st of April 2010

 

Instead of the previous Low Equity Margins, which were added to base interest rates, NZF now offers a more competitive interest rate with only a 0.25% rate margin and will capitalise the LMI premium - into an Accelerator Account.

High LVR loans will be ‘split' into two parts - with the LMI portion in a separate floating facility to be repaid over a short term (between two a...

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