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If you’re on a floating rate, it’s good to know you have options to make changes to the structure of your home loan to ensure you are getting a great rate. |
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Contact us to fix your loan
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Contact us now: |
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Westpac branches |
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Phone 0800 177 277 (Monday to Friday, 8am to 8:30pm; Saturday 8:30am to 5pm) |
Westpac mortgage info
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| Mortgage interest rates are likely to rise over the next one to two years. It’s important to understand the different benefits of floating and fixed rates, so that you can make the right choice for you. |
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| > More about changes to current New Zealand interest rates. |
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| If you’re on a floating rate you have several options. |
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Remain floating - giving you: |
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- Flexibility to pay off some or the entire floating portion of your loan |
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- Flexibility to change to a fixed rate at any time |
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- The ability to take advantage of low floating interest rates now |
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Fix your entire loan - giving you: |
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- Certainty that your rate (and repayments) will remain the same throughout the fixed rate period |
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- You can choose one or a combination of two or more fixed rate periods to ensure you’re getting the right mix for you. |
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Split your loan - giving you: |
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- A combination of floating and fixed rate terms |
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- The best of both worlds |
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More about split home loans |
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| When your current fixed rate period is near expiry we’ll send you a letter and ask you to contact us to discuss your options. |
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| Then you simply let us know what you would like to do: |
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continue with another fixed rate period or even select a combination of fixed rates or terms on the one loan |
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split your loan between floating, fixed or a combination of rates |
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More about split home loans |
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agree to lock in a fixed rate for up to 60 days (before your current fixed rate period expires) to take advantage of a good rate that may be available at the time |
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make a lump sum payment on your loan at the end of your fixed rate period |
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| If you’re ready to fix your loan get in touch with us by: |
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Dropping in to a Westpac branch |
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Calling 0800 177 277 |
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