Refinance your mortgage - your way to a better deal!
Wondering if you could get a better deal on your home loan? You're not alone. Thousands of Kiwi homeowners are discovering significant savings through smart refinancing choices.
Starting your refinancing journey is easier than you might think. Begin with a friendly chat (online or in person) to explore your options and discover what's possible for your situation. It’s a completely non-judgmental process where we work out the best approach to reach your goals, fast.
Refinance mortgage is a phrase we hear frequently. That’s because there’s always a better deal or easier way to save money by considering refinancing a mortgage.
There are many reasons to refinance your home loan:
- Consolidate high-interest home loans into something more manageable. Learn more here: Refinancing for Debt Consolidation – Is It the Right Move?
- Get the funds you need for a life event.
- Create the necessary funds for another property investment.
- Get a better mortgage rate. We have often been able to save clients tens of thousands of dollars by simply negotiating a better interest rate on your behalf.
We work with 24+ different lenders and know before we send any of them an application which ones will say yes.
FAQ about your mortgage options
-
What's the difference between refinancing and refixing?
Refixing means staying with your current lender but negotiating a new interest rate at the end of your fixed term. Refinancing involves moving your mortgage to a new lender to take advantage of better rates, terms, or cash incentives. Both options have their benefits - let's discuss which might work best for your situation.
Read our article: How to Refinance Your Mortgage in New Zealand?
-
How do cash incentives work with refinancing?
Many banks offer cash incentives to welcome new customers. These incentives can:
- Cover the costs of breaking your current loan agreement.
- Pay for legal fees associated with switching.
- Leave extra cash in your pocket. Each lender offers different amounts, and your mortgage broker can help secure the best available incentive alongside competitive rates. Book your Free Consultation.
-
What does restructuring your mortgage mean?
Restructuring allows you to:
- Split your loan into multiple portions.
- Choose different fixed and floating rates.
- Adjust your loan term.
- Change your repayment frequency or amount.
This flexibility helps you create a mortgage structure that better matches your financial goals and circumstances.
-
When should you consider restructuring your mortgage?
Consider restructuring when you want to:
- Take advantage of different interest rate types
- Create a buffer for future financial changes
- Better align repayments with your income schedule
- Prepare for future property investments
- Better manage your cash flow
-
Can you combine refinancing with restructuring?
Yes! When refinancing to a new lender, it's the perfect time to:
- Review your entire mortgage structure
- Split your loan into strategic portions
- Set up a more advantageous repayment schedule
- Take advantage of cash incentives
-
Can you refix or refinance before your fixed term ends?
Yes, but you'll need to consider:
- Break fees from your current lender
- Whether available cash incentives offset these costs
- If the long-term savings outweigh short-term costs
-
How often should you review your mortgage?
Regular reviews help ensure you're always getting the best deal. Consider reviewing:
- Before your fixed term expires, usually about 60 days prior
- When your financial situation changes
- When market interest rates shift significantly
- If you're planning major life changes
