Waiting another year, not so bad.
Two years and those interest costs add up.
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Mightn’t be as many as punters think the number of oldies who will be able to afford moving into a retirement village
NBR article extract Centrix figures show an alarming trend, with more and more people over 65 still having a mortgage. The number of people stepping into retirement with a mortgage has been growing. In 2018, there were 118,000 people over 65 with a mortgage, rising to 136,000 people in 2023 collectively owing just over $25 billion.
That’s about 17% of over 65s have a mortgage now …maybe 30% in 10;years time way things are going.
Could be read many ways. Does your source indicate the size of mortgages held? I'd keep a line of credit open with the bank even if I was "mortgage free", you never know when you might want to access the equity of your home at short notice without having to ask for permission.
terriblr PR and service
no-wonder sales are down
Oceania slammed as report exposes litany of failures in care of man who died after complaining of 'terrible pain'
https://www.newshub.co.nz/home/new-z...ible-pain.html