Difference Between Revolving and Floating Account

Everything Mortgage

English - July 21, 2020 21:00 - 4 minutes - 2.8 MB
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Most homeowners are familiar with fixed-term mortgages. Over 80% of NZ mortgages are on some sort of fixed-term; the majority are currently for 1 to 2 years. But it’s easy to miss the difference between a revolving credit and a floating mortgage account. In this podcast, Rupert discusses the similarities and differences between revolving credit and floating mortgage accounts and why it is important to understand.

If you are unsure where to start or have any questions, don't hesitate to contact the team at www.mortgagelab.co.nz/contact-us, they are more than willing to help you through this confusing time!

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You can also learn more from reading our blog on the same subject at www.mortgagelab.co.nz/revolving-credit-vs-floating-mortgage-account-whats-the-difference/