Page 19 Advertisements Column 1

Press, 29 June 1988, Page 19

BMPt fl I Q- Can I get an interest only mortgage f° r a & w a. Yes Q. And after the interest only period, -5 can I transfer to a reducing A AjJßk 8 mortgage? g gg g g A. Yes ' ; g-B B §ll F 11 S Q- Can " a oa^ interest rate Ii 11K'" MB 1 SB. liK & I -HI mortgage? 1 S B MfiM Q. Can I get a reducing interest w j| payment mortgage? A. Yes Lately, there’s been a lot said in the media about home finance. Q. Can I get a mortgage when my combined repayments for interest and Suddenly, the rush is on to lend you money. All good news. But a principal are fixed at one amount? note of caution. You’re going to have to live with the mortgage you accept A. Yes for years to come. Q. Can I get a mortgage where I can make additional principal repayAfter the initial rush of excitement, how comfortable will you feel ments a t any time if I wish? with the mortgage you’ve landed yourself with? A. Yes Few people buy the first house they look at. So why accept the q jj 0 m y future principal and interest repayments first or second mortgage you’re offered? rex j ucec f? The decision you make on mortgage finance is equally important A Yes to vour choice of property investment. Over the years the flexibility of your J p j q Can i get a mortgage where I can increase my repayment programme banking arrangement will have a significant effect on your changing lifestyle. wish? The big question is this. How much change will you get out of A. Yes your mortgage? If it tart got the flexibility to adapt to your (tanging tequta Q. Can I get a mortgage which I can reacceas later when I want to do ments, you may find the arrangement increasingly restrictive. home improvements. A 'Vb’j The Bank of New Zealand lends more housing finance than most rt - ra other banks. In itself, this doesn’t mean a lot. What is significant is the Q. Can I fully repay my mortgage before maturity if I wish? experience we’ve gained. A. Yes Experience enough to provide arrangements more New Zealanders q j g e j a mortgage even if Fm not yet a BNZ customer? are increasingly comfortable with. A. Yes Before you buy a house, you check it out thoroughly, from , Q. Can I change, my present mortgage to one with the BNZ? foundations up. Yes Before you accept a mortgage, we suggest you check the „ . , j.o Q. Can I increase my mortgage at a later date? following. If the last word isn’t yes, you may be making a big mistake. ™ a yes ■Kj S ag -3 Q. Will a BNZ mortgage change with ■ 1111118 J my requirements over the years? a. Y,s A Yes HHPBHi jb®«w Q. And can I get a mortgage where my partner and I make big repay- E .. fl A MBNZ ments early on and reduce these when we start a family? j| ■ MOK YOUR BANK A. Yes.. ' 1 -