Want to create an interactive transcript for this episode?
Podcast: Keep The Change
Episode: Money Mail 248 - 'Put It On The Mortgage'...Dead In 2024
Description: 'Put it on the mortgage'. With lower interest rates and rising house prices, why wouldn’t you? For years, many New Zealanders have tapped into their home equity; borrowing against their property to access cash. Using the house as an ATM is out of favour and now only 11% of 'new' loans were of that type. In 2019 it was almost 20%. Since the data series began a decade ago, mortgage top-ups were the lowest ever in 2024 - and declining during the year.Hey thanks for listening! Please take some form of action from this content, don’t just be a...