If you’ve got a chunk of equity in your home and want to put it to work – or simply need cash for any reason – Mortgage One lets you turn the value of your home into spending power.
Check out the features
Combines cheque, savings and home loan accounts
Mortgage One is anything but a conventional home loan. Simply put, it's a permanent flexible line of credit, secured against your home providing you complete control on how and when to use it.
Withdraw or deposit money when it suits
You're free to withdraw or deposit money whenever you choose to, as long as your mortgage balance stays under the agreed limit.
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| Unlike other home loans, Mortgage One is not paid back over a number of years. It is a permanent credit facility that you have complete control over. Use it as a transaction account, allowing you to redraw and repay money as it suits. |
Regular repayments optional (but recommended)
We recommend you make monthly payments on your Mortgage One home loan as the lower your loan balance is, the less interest you have to pay however this is optional.
Your Mortgage One Home Loan at a glance
- A flexible line of credit secured against your home
- Floating interest rate so as rates go down so does your interest payments
- Withdraw and repay money whenever it suits
- Monthly fee of $20 applies (plus home loan interest costs)
- Regular repayments not compulsory, but recommended to lower your balance and interest costs
It's easy to apply for a BNZ home loan today.
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APPLY NOW CONTACT US
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