Why should you consider a rate and term refinance home loan in New Zealand?
Rate and term refix is a form of mortgage restructuring in which the borrower aims to modify the interest rate, term, or both of their existing home loan. This refix type does not involve withdrawing additional cash beyond what is necessary to cover any associated fees. The primary objective of […]
Refixing vs Refinancing: Which Is Right for Your Kiwi Mortgage?
Refixing and refinancing are distinct options for homeowners managing their mortgages. Refixing involves selecting a new fixed interest rate for a specific period, typically ranging from six months to five years. This option allows homeowners to secure a favorable rate and maintain stable mortgage payments during the fixed period. Refinancing, […]
Mastering Negotiation: How to Secure Better Refix Rates NZ with Your Lender
Loan refixing is the process of renegotiating an existing loan’s terms and conditions. This may involve adjusting interest rates, extending the loan term, or modifying the repayment structure. The primary objective is to secure more favorable terms that better suit the borrower’s current financial situation and long-term goals. However, refixing […]
The Cost of Breaking Up: Understanding Refinance Mortgage Break Fees in NZ
Refinancing a mortgage offers potential benefits such as reduced interest rates, lower monthly payments, or access to home equity. However, refinancing before the end of the current mortgage term may incur refinance break fees. These fees are imposed by lenders to recover potential interest income lost due to early termination […]