Refinancing is the process of taking out a new mortgage to replace an existing loan.
We will review your existing mortgage structure and make recommendations that are right for your needs and goals, so we can get the right mortgage structure for you.
Fair Advice NZ are not investment advisers.
Fair Advice NZ Advisers do not provide advice around the suitability of your proposed new purchase, or whether investing in property is right for you!
There are many reasons why people choose to refinance. Lenders rarely reward customers for being loyal, so it’s a good idea to regularly check to see if there is a better-suited loan for you. Some benefits can include:
1. Get down with low rates
Interest rates regularly change. Is yours still competitive? If you have a variable rate, or your fixed-rate is due to expire, you may be able to negotiate a lower rate with your lender, or find one that will.
2. More bells, better whistles
Not all home loans are packaged equal. They offer different features and functionalities. Switching to a loan that allows more regular or extra repayments, an offset account or redraw facility can help you pay less over the life of the loan. Or, if you aren’t using features with your existing loan, switching to a more basic loan could save you in fees.
3. Debt consolidation
If you have multiple debts, such as a personal loan, car loan or credit card, you may be able to roll them into your home loan. This consolidates your debt to one repayment and could save you in interest. We will consider the whole picture including fees and repayments to determine if debt consolidation is right for you.
4. Free up money for your projects
Whether you’re planning a renovation, need to upgrade your car or have another project in mind, if you have grown equity in your home, you may be able to refinance to access more money to fund it.
Fair Advice NZ believes investing in property can lead to wealth creation and will guide you through a process of articulating your goals. We understand the market and the personal commitments required to grow a property portfolio.
Fair Advice NZ
3 Springside Drive
Flatbush, Auckland 2019
E-mail address:
[email protected]
Opening Hours:
Monday- Friday 9:00am – 7:00pm
Saturday 10:00am – 4:00pm