Mortgage refinancing has the potential to save you thousands of dollars. NZ Mortgages offers expert refix and finance solutions that are tailored to your needs and changing life circumstances.
Check out our handy online resources to get a handle on where you're currently at!
Our top tips to learn before you refix/refinance.
In most cases, a home appraisal is required to determine the current market value of the property. However, some refinance programs may offer streamlined processes without the need for a new appraisal.
The process typically involves assessing your financial situation, choosing a suitable loan option, completing a loan application, providing documentation, undergoing a credit check, appraisal, and closing.
Benefits include potentially lower monthly payments, reduced interest costs over the life of the loan, consolidation of debt, access to cash, and the ability to change loan terms to better suit your financial goals.
You may consider refinancing when interest rates are lower, your credit score has improved, you want to change loan terms, or you need to access equity for home improvements or debt consolidation.
Mortgage refinancing involves replacing an existing mortgage with a new one, typically to secure better terms, lower interest rates, or access equity in the property.
.png)
