Most NZ homeowners haven't reviewed their mortgage in over two years. Rates have moved — and the average saving from a well-timed refinance is between $200 and $600 a month.
Any one of these is enough reason to get a free review. More than one? Don't wait.
Rolling off a fixed term is the single best time to negotiate. Banks count on inertia — they rarely offer their best rate without you asking.
The mortgage market changes constantly. If you set and forgot, you're almost certainly not on the best available rate today.
Better income can mean better lending terms. Lenders reassess your risk profile — and you may now qualify for lower rates or cash back deals.
Higher equity (lower LVR) typically unlocks a better interest rate tier. If your home has grown in value, your rate should reflect that.
Two incomes can significantly improve your borrowing profile. Combining may open up rate tiers or enable you to pay down faster.
Credit card rates in NZ run 20–28%. Rolling high-interest debt into your mortgage at 6–7% can free up significant monthly cash flow.
Enter your current mortgage details to see how even a small rate reduction can add up.
Indicative estimates only. Actual savings depend on break fees, lending conditions, and lender-specific rates. Book a free review for an accurate figure.
We look at your current rate, remaining term, and equity position — no cost, no obligation.
We compare your deal against the full NZ market — all major banks and non-bank lenders.
We tell you clearly whether switching makes sense, what break fees apply, and the net saving.
If you go ahead, we manage the application, lender communication, and settlement. You do nothing.
Our advice is free because we're paid a commission by the lender when you settle — so we're incentivised to find the right deal, not just any deal.
We compare all major NZ banks plus non-bank lenders and specialist products — not just whoever pays the highest commission.
We look at your full picture — income, equity, debt, goals — and recommend the right loan structure, not just the lowest headline rate.
The same adviser who does your refinance can also advise on insurance, investments, and your next property. One relationship, not four.
The average NZ homeowner stays on their existing mortgage for 4+ years without reviewing it. Over that period, a 0.5% rate difference on a $550,000 loan costs roughly $22,000 in unnecessary interest.
Refinancing means replacing your existing mortgage with a new one — either at your current bank on better terms, or with a different lender entirely. In NZ, most people refinance to access a lower interest rate, restructure their loan (e.g. split fixed/floating), or consolidate other debts. The process is handled by a mortgage adviser and typically takes 2–5 business days once you've decided to proceed.
Our advice is free — we're paid by the lender. However, if you're mid-term on a fixed-rate mortgage, your existing bank may charge a break fee to exit early. This can range from $0 to several thousand dollars depending on how far through your term you are and how much rates have moved. We always calculate the break fee before recommending you switch — and factor it into your true net saving.
The key calculation is: (monthly saving × remaining months) minus any break fees. If you come out ahead — and you usually do — it's worth it. A general rule of thumb is that if you can save 0.5% or more on your rate with more than 2 years remaining on your mortgage, refinancing will almost always pay off. Use our calculator above for a quick estimate, and book a free review for an exact figure.
Mortgage rates change frequently and the "best" rate depends on your LVR (loan-to-value ratio), income, and loan size. In 2026, standard 1-year fixed rates typically range from 5.9% to 7.5% depending on the lender and your profile. Non-bank lenders and specialist products can offer competitive rates for the right borrowers. A free review with MapMy will show you exactly where you sit in the market today.
Yes, but you may face a break fee from your current lender for exiting the fixed term early. Whether it's worth paying depends on how large the break fee is versus the savings from the better rate. If your fixed term is expiring within 3 months, you can often lock in a new rate now without any break costs. We check all of this for you before making any recommendation.
At every fixed-rate rollover — typically every 1 to 3 years. Each time your rate comes up for renewal is an opportunity to renegotiate or switch lenders. Beyond that, you should also review if your income changes significantly, your property value rises, or you take on (or pay off) substantial debt. We recommend at least an annual 10-minute check-in to make sure your mortgage still fits your situation.
A refinance involves a credit check by the new lender, which appears as an enquiry on your credit file. A single enquiry has a minor and temporary effect on your score. If you have a solid repayment history and low debt-to-income ratio, any short-term dip is negligible. Multiple enquiries in a short period can be more impactful — which is why working through one adviser to compare lenders is better than applying to each separately.
Yes. If your property has increased in value or you've paid down enough principal, you may be able to refinance and access that equity as cash — for renovations, a deposit on an investment property, or other purposes. This is called equity release or cash-out refinancing. The amount you can access depends on your LVR (lenders typically require you to maintain at least 20% equity).
Takes 10 minutes. We'll compare your current deal against the full NZ market and tell you exactly where you stand — no cost, no obligation.