Did you know that 90% of our clients who come to us, come to us with a mortgage structure that is completely wrong for them? They're always paying too much interest and the structure of their mortgage is not based on their financial goals, or any particular strategy. It’s not their fault either, it’s probably what someone at the bank told them to do, or maybe it was a well-meaning friend or family member. But the bottom line is that you need a strategy for your mortgage, and this advice is the same when it comes to refixing it.
Rising interest rates continue to be a hot topic as more and more New Zealanders are having to refix after the much lower interest rates on offer during the pandemic. With more money going out to pay off your mortgage, we can you do? We ask this question and more to our Co-Founder of Futurebound and Financial Coach, Jeff, to put your mind at ease about rising interest rates and mortgage repayments.
Learn the difference between refixing a mortgage, restructuring a mortgage and refinancing a mortgage. We’ll also teach you why these terms are so important and how they can apply to your mortgage to help you save more money on interest and help you pay off your mortgage a lot faster.
In this article, you’ll learn how you can achieve the lowest interest rate with your bank and how you can save on your mortgage in the current market, with two…