A fixed rate mortgage is on an interest rate on your home loan that is guaranteed not to change for the specified fixed rate period. There are a variety of fixed rate terms.Interest Only fixed rate means your loan balance remains the same amount over the period designated by you and the bank and you are only obliged to pay that amount without principle for a set term.
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New Zealand Financial Adviser
Financial Services Provider Register No. 43497
Professional Investments Limited New Zealand
Financial Services Provider No. 768358
Trading as New Zealand Mortgage Solutions Limited New Zealand
Trading as New Zealand Mortgage Solutions Australia
ABN 42 154 883 672