An interest-only mortgage allows the borrower to pay just the interest on their loan, but could there be some big hidden risks?

COMMENT: Increasing your mortgage for an overseas holiday might not have a sunny ending.

A week ago, when the Budget had delivered no answers to the hyperinflation of house prices, the PM told us to wait for a National Policy Statement.

So interest rates stay at a record low - does this mean mortgage rates are going to fall?

The Reserve Bank has left the OCR unchanged.

Savers look set to suffer more pain at the bank after the Reserve Bank made a surprise move and cut the official cash rate.

Home loan rates are pretty low at the moment but could you be getting an even better deal by being the ideal borrower?

WATCH THE ECONOMY HUB: Home owners could face higher mortgage payments if the Reserve Bank doesn't cut rates further this year.

Fewer homeowners lost their properties in mortgagee sales last year as near record-low interest rates make it easier for struggling property owners.

Banks reduce their three-year fixed rates - but there are strings attached.

SBS bank has dropped its ultra low 3.99 per cent one year fixed home loan rate pushing the cheapest rate borrowers can get back.

Deep Blue has conquered the world of chess - now it's about to revolutionise mortgage-approvals.

The value of home loan approvals hits new record.

Kiwi mortgage holders may see an increase in longer fixed term rates over the coming weeks after the US Federal Reserve lift rates this morning.

A young couple wonder if they should reduce their loan or invest in property.

Some mortgage holders will have to wait till the New Year before getting their interest rate cut - not so for new customers though.

Homeowners are being urged to fix their mortgages now to make the most of record-low interest rates - which experts say are at rock bottom.

In 1992 banks and borrowers were as risk-averse, writes Bernard Hickey. Fast forward to 2015 and the mathematics are on another planet.

New Zealand consumer confidence rose for a second month after hitting a three-year low in August.

Mike Pero's name still synonymous with the enterprise he founded.

Investors took out nearly $2 billion in mortgages in a month, the latest statistics show - 33 per cent of all new lending.

For many Kiwis, paying off a mortgage is a marathon effort - but on November 1, 10 lucky Auckland Marathon runners will have the chance to run down their rate

Years after the great housing bust, so-called liar loans - made without verifying people's finances - are creeping back into the US market.

An Auckland mortgage expert warns that speculators are driving up house prices, making it harder for first home buyers who are getting regularly outbid.

Investors will soon have another option when it comes to beating the savings' rate on money in the bank.

Auckland Council contacts police over claims homeowner, whose house was sold by mortgagee sale today, has been paying rates to unregistered Maori authority.

Seven former Mike Pero Mortgages' franchisees have taken High Court action over restraint-of-trade obligations.

The tide has turned on the economic boom. The slump in dairy prices has once again laid bare the vulnerabilities of a commodity-dominated economy.

It's a 60-year low as banks vie to undercut each other.