Refinancing
You’re already a property owner and chances are, you’re now working hard to pay off that home loan to get yourself closer to financial freedom.
When portions of your mortgage come up for renewal you want to make sure you’re still getting the best deal possible.
Why call Hewett Mortgages before talking to the bank?
There are two key ways we can help you with refinancing or restructuring your mortgage or home loan:
1. At Hewett Mortgages, we know how important refinancing a loan can be. You don’t want to just roll over (literally and figuratively) and let the bank make all the decisions. Our role is to help you make the most of your negotiating power.
We’ll look at the equity you hold and how to leverage it for a better deal. And because we have an existing relationship with over 20 lenders, we know what other banks are offering – and can make sure you’re getting the best deal possible from your current lender.
2. We see you as a whole person, not just a borrower, and review other lifestyle factors that might affect your current loan structure. It may be time to change your payment amounts or frequency based on a change in your earnings or expenses. Have you changed jobs? Have your childcare expenses changed significantly? Have your goals for retirement changed? Do you have other debts that you’d like to consolidate?
Some real talk about banks
What the Bank wants vs What YOU want
Let’s be honest, the bank doesn’t want you to pay off your home loan quickly. They make money from the interest you pay.
Our aim, on the contrary, is to help you pay off your loan as easily as possible (unlike the bank, that wants you to be in debt to them for a long time).
Together we can look at the quickest way to pay off your home loan as well as any other debt you have, and put you in a better financial position. You may find that a slight restructure to a different loan product or provider may open up other financial opportunities – to renovate, buy a new vehicle, purchase a rental property, or even retire early.
Will we recommend changing lenders?
We realise that a common concern about getting refinancing or restructuring advice is that we’ll suggest you change lenders – and with that will come a pile of paperwork and fees that you really don’t want or need.
We’ll never encourage you to do something you’re not 100% comfortable with.
If you’re completely happy with the service you’re getting from your existing lender, we’ll look at ways to optimise the loan for your current circumstances. We’ll review the structure and secure the best interest rate possible.
If you’re curious about what other lenders have on offer, we’ll do the research and shopping around for you, and work to improve on the deal you currently have. There may be fees involved in switching lenders, but there are usually cash incentives offered to change – so we’ll crunch the numbers for you figure out how we can get you a positive result.
How much research should you do?
None, if you don’t want to. If it’s not your passion, skillset or job, then leave it all to us. We keep up-to-date with what lenders are offering and, because finance is in our blood, we actually enjoy watching the markets and keeping an eye on what might affect interest rates.
We have an existing relationship with over 20 banks and lenders – we can do the shopping around and negotiating for you, so you don’t have to
If your current home loan or mortgage is coming up for renewal soon, get in touch and we can talk through some options with you.
Let’s Talk
Our service is FREE to all clients and there are no silly questions.
Get in touch and let’s get started.
Mob: +64(0)274 388 158
Email: tapere@hewettmortgages.co.nz