The Official Cash Rate (OCR) in New Zealand has dropped, and if you're a homeowner or looking to borrow, you might be wondering what this means for you. While a lower OCR often leads to lower mortgage rates, there's more to consider than just chasing the lowest rate available.

If you are growing a business chances are that you will need capital to grow your business. Often businesses will use banks or alternative lenders to achieve this. Have you ever wondered what the banks look at when assessing a funding application for business lending?

If you think that purchasing a business may be in your future then below is an overview of the process for owner operators based on my experience funding these transactions over the past 9 years. This will not include everything however will give you a good starting point. Do not hestiate to reach out to discuss your options and seek personalised advice.

At Vesta we are here to help you smash your financial goals. Often this includes paying off your home lending as fast as possible to enable you to achieve the next goal. Most people don’t realise but when you take out a 30 year mortgage you can expect to pay the bank the same amount in interest alone.