John and Sandra Alpe are delighted to own their home in Laingholm, west Auckland, outright after paying off their mortgage in six years instead of 25. Sandra retired from her half-time pastor role, meaning they could both relocate north from Christchurch. * Mortgage rate changes ahead - think before you refix, borrowers advised* A 40-year mortgage: What could go wrong? John said their loan was “a 25-year mortgage six years ago. Supplied John and Sandra Alpe love being able to help family out: they have three generations living in their home.

Source: Stuff July 09, 2021 18:00 UTC