Quote:
Originally Posted by look 171
What's the APR now for a 30 year loan, Bill? do you have 30 year loans there?
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Ours are only fixed rate for up to five years. Then it's the floating rate. Or you can fix it again for anything between six months and five years but at rate applicable for the time.
A friend told me his son in Holland fixed his for 30 years at 3% - I'm jealous.
I tell young people these days anything under 10% is a bargain, don't sweat the details.
Here in NZ we are a bit of a banana republic, sure the nicest banana republic you'll ever meet, so for others to lend us money it's got to be worth the risk.