Remortgaging your home is a topic that comes up in conversation often.
Usually, we’ll get more calls about this as interest rates get lower, and / or house prices go up.
The real answer to this question is BORING……
you need to talk to a Mortgage Broker / Mortgage Advisor about this, before you do anything – so get in touch with us HERE.
However – the purpose of this short article is to give you some information and websites, so you can learn a bit more about the idea of remortgaging, and generally saving money and time on your mortgage.
Here are some sites – resources:
Sorted NZ Website: https://sorted.org.nz/guides/home-buying/how-to-refinance-your-mortgage/
Consumer NZ article: https://www.consumer.org.nz/articles/mortgages-should-you-fix-or-float
Generally, you’ll need to have a conversation with your broker / advisor around the following topics:
- Household budget
- Current interest rates
- Future interest rates
- Home value
- Current lifestyle and expenses
- Time left on current mortgage
- Exit fees / break fees
- Legal fees
This may well make sense for you, or it might not.
There really is no better idea than to reach out, and talk to your Mortgage Broker / Advisor.
Some more articles / advice about refinancing / restructuring:
Mortgages NZ Website: https://mortgages.co.nz/when-to-refinance-your-mortgage/
Homelegal – legal website: https://homelegal.co.nz/refinancing-your-home-loan/