Have things changed? Refinance for a better home loan
Fed up with your Bank? Mortgage not doing what you want it to do? Looking for a change? Total Mortgages NZ offer advice across the board whether you wish to consolidate debt, borrow money to renovate or invest in the Auckland property market, secure a more competitive home loan interest rate or change your existing loan structure from fixed to variable.
How do you know if refinancing is the right option for you?
So, you wish to refinance your existing home loan structure. Sounds great in theory, but before you sign on the bottom line, take a good hard look at your current financial situation and ask yourself:
How long do I plan to live in this house? How much money will I save by refinancing?
When it comes to refinancing, the facts speak for themselves. If refinancing reduces your mortgage payments, the term of your loan, or helps you build equity faster, then great. If it doesn’t, then it’s time for a rethink.
To help you decide whether or not refinancing is the right move for you, talk to a Total Mortgages Advisor who can help you do the sums, taking into account all the costs of mortgage refinancing.