Refinancing

Many people start to think about refinancing when interest rates or their personal circumstances change.

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If you’re refinancing for a better home loan, the most important thing to consider is the long term benefits against the actual costs of refinancing.

Many Kiwis are refinancing their home loan for a number of reasons, including to:

• Consolidate debt
• Borrow money to renovate or invest
• Secure a competitive home loan interest rate
• Move from a fixed home loan rate to a variable home loan rate, or vice versa

Refinancing your mortgage is not an easy decision. A Loan Market mortgage adviser will help you do the sums, taking into account all the costs of mortgage refinancing, to help you determine whether or not refinancing is the right move for you.