Mortgage Refinance
Made Easy.
So, you’ve come to the end of your mortgage term and you’re considering refinancing. How does it all work? Read on to learn why, when, and how to refinance your mortgage.
Talk to one of the team today
Talk to an NZHL Mortgage Mentor to see if refinancing is right for you.
Refinancing could help you achieve your goals
For most, paying off your home loan as quickly as possible is the ultimate goal, and we believe refinancing with us could help you get there. When exploring your options, it's important to chat with the experts. An NZHL Mortgage Mentor can help simplify the home loan process and ensure your structure is working best for you.
The Benefits of Refinancing
As our circumstances change, so should our mortgage. There are many benefits to refinancing a mortgage, including:
- Customising your structure to suit your current needs
- Locking in a lower rate and saving on interest costs
- Accessing the benefits of a new lender
- Consolidating your debt
- More control over your finances
Let’s get back to basics
When you refinance your mortgage you replace your existing home loan with a new one.
It’s important to adjust your loan to suit your current needs. By refinancing, you could save on interest costs, get better support, consolidate your debt, and more!
If your mortgage is up for renewal, or if you’ve had a change in circumstances (e.g. income increase), this is a great time to consider your refinancing options.
Why work with a Mortgage Mentor when refinancing?
While refinancing may be a great option for you, it can still be a complex process to navigate. An NZHL Mortgage Mentor will demystify the refinancing process and help you find the best, most personalised, solution for you.
About Us
NZHL is a purpose-driven (financial freedom faster) home loan and insurance adviser network. We are passionate about helping Kiwis with their homeownership goals and finding the right solution for their needs alongside sensible insurance protection.
And those aren’t just aspirational words – that’s actually what we do. As a proudly Kiwi-owned and operated business, we help over 50,000 Kiwis collectively save millions in interest costs each year. *
We do this by taking a structured, personalised approach: providing coaching and support via our NZHL Mortgage Mentors, creating tailored smart home loan plans, and access to DebtNav, our online monitoring tool which helps our clients take control of their finances and stay on track to paying off their loans faster.
Whether you’re refinancing your mortgage, looking at investment property options, or looking to get on the property ladder in the first place, NZHL is the group of experts you want in your corner.
*This figure is an estimate based on actual balances of current clients at the NZHL floating interest rate and the expected loan balance based on advertised bank interest rates.
Mortgage Refinancing FAQ’s
How do I refinance a mortgage?
Talk with a financial expert first to see if refinancing is the best choice for you. Our NZHL Mortgage Mentors can assist you throughout the process; from research to considering your options, weighing up the costs, to applying for a loan with a different lender.
What does refinancing involve?
Refinancing involves a bit of research first. Seeing what’s out there with different lenders and rates, and weighing up if the benefits outweigh the costs, is important. An NZHL Mortgage Mentor can help you navigate this. You’ll also need to get all your documentation in order and apply for a new home loan with the new lender.
How much does it cost to refinance a mortgage?
There may be some costs to refinancing your mortgage, but the long-term saving of interest could make this well worth it. Refinancing costs may include legal fees and early break fees (if you’re breaking from your current lender before renewal time). Talk to your current lender to see what your costs will be.
What makes NZHL different?
NZHL offers a personalised approach to our clients. We don’t just help you get your mortgage and then you never hear from us again – we’re here to support you throughout your entire home ownership journey. From personalised plans to our online DebtNav system, our advice and tools are here to help you find financial freedom, faster.
What’s involved in a free chat?
Your free chat will take up to 1.5 hours during which we will talk about where you are at right now in your current mortgage and where you would like to be (your goals). We will discuss things like your income and expenses and how they may impact your home loan refinancing options, so it is helpful to have that information on hand too.
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