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Is now a good time to refinance my home loan?

Mortgage Broker Napier

Is now a good time to refinance my home loan?

As the New Zealand economy reboots post-COVID lockdown, banks have slashed interest rates to help buyers. Currently, interest rates are the lowest they have been for over ten years.

So is it a good time to refinance your home loan? Absolutely, but only if you do it the right way.

The low rates available provide the perfect opportunity to lock in a fixed-rate long-term. Rather than going directly to your bank, refinancing with the help of a mortgage broker could help pay off your loan faster. A broker can do what the bank won’t, tailoring your loan structure to your unique situation.

Here are some recent rates we’ve secured for clients:

  • Two-years at 2.69%
  • Three-years at 2.99%
  • Five-years at 3.19%

Be mindful that refinancing can incur costs. We can work with your current bank or an alternative lender to negotiate a competitive new rate for you, and best of all, you won’t have to lift a finger.

For more information, get in touch with us on 0800 346 765 or contact us here.

Getting your home loan sorted can be confusing. If you need guidance, always talk to an home loan specialist.

To speak to one of our advisers, get in touch on 0800 346 765, or email finsol@finsol.co.nz.