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Choosing a Home Loan Made Easier

Choosing a Home Loan Made Easier

Recent studies have shown that Kiwis still want their quarter acre section. The Reserve Bank has increased interest rates by 25 basis points. Purchasing a property has never been more expensive. As a result, consumers need value for money from a home loan. For consumers to gather mountains of information and make nervous decisions about which mortgage product offers the best value for money is an extremely difficult task. CANNEX has now made that job easier. CANNEX mortgage star ratings® identifies the best-of- breed for consumers, regardless of whether it is a owner occupied, residential investment or line of credit mortgage.

A 5 Star product is not a gimmick to lure a consumer to commit to a product that may not exist in three months time. These products have performed well over a 9 month period and have proven their worth. CANNEX mortgage star ratings identify the best-of- breed for consumers. CANNEX provides consumers with a benchmark that illustrates clearly the "total value" of a home loan.

So how can the star ratings be used?

Consumers can use the different categories and compare with their own financial circumstances. If you wish to purchase a home to live in, the products supplied by ANZ and Westpac were judged to provide consumers the best value for money. If for example you require a line of credit mortgage Kiwibank offers an excellent value product.

For consumers, CANNEX mortgage star ratings® allow an easy measure of a product’s value before making the final decision to sign a loan. CANNEX mortgage star ratings® will be used as a guide for smart Kiwis looking for the mortgage which best suits them.

ENDS

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