09-6003-486

Mortgage review

If you’re nearing the end of your fixed-rate period, it’s a great time to review your options. Mortgage review is not only about negotiating a better interest rate, it is also about shaping your mortgage to best suit your needs and circumstances. If you,
  • Have spare savings that you could pay down your home loan,
  • Plan to sell your house before your fixed-rate period is due,
  • Consider increasing your regular repayments,

We look forward to an opportunity to shape your mortgage and save you money.
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About Refinancing
  • It means paying off an existing home loan with the current lender and replacing it with a new loan at a different lender.

  • Reasons for refinancing:
  • Debt consolidation
  • Freeing up extra money for a renovation or holiday
  • To get a competitive interest rate
  • Access the equity in your property for the next purchasing
  • Planning your retirement

  • Things to consider when refinancing your home loan:

  • Break cost. If you want to switch your home loan to another lender before the end of the fixed-rate period, you can expect to be charged a penalty what’s called a “break fee”. So, is it worth breaking your fixed term?

  • Repaying “cash back”. Major banks offer cash backs with new mortgages, whether is a refinance or a new loan, but cash backs require that a client stays with the lender for up to 4 years otherwise it can be clawed back. So, is it still worth to refinance?

  • Legal costs
Tell us about your situation, let us help you through the process and provide the best solution.

Talk to an adviser

Need a professional mortgage adviser?
+64 09-6003-486
admin@fjfinance.co.nz