Refixing or Restructuring

Q: When should I consider refixing or restructuring my mortgage?

Consider refixing when your current fixed-rate period is ending, or if you want to lock in a new rate due to changing market conditions. Restructuring is beneficial if you need to adjust your repayments, manage cash flow better, or if your financial situation has changed. A financial advisor can help you decide the best timing for these adjustments.

Q: What are the potential benefits of refixing or restructuring my mortgage?

Benefits include securing a lower interest rate, reducing monthly payments, paying off your loan faster, or gaining flexibility with repayment options. These changes can lead to significant savings and improved financial management. A financial advisor can provide a tailored analysis to highlight the advantages specific to your situation.

The team at RSFA will look pragmatically at what is best for you, and not the bank. It may be that we recommend remaining with your own bank – advice is key.

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We welcome new and existing clients to contact our friendly team. We typically do not charge for re-fixing advice and will disclose any charges that may exist early in our engagement for your consent. Please note banks do send online offers to clients and we will request a copy of the offer to commence the advice process.

In summary, we can assist with:

Obtain basic information from you
Work with you to establish your needs and areas of advice required
Seek the best pricing from your existing bank as well as advise on other market pricing – we will be fully communicative within this process
Make a plan consultatively where we ultimately would want to achieve a value-add result from our perspective, which may include a better rate being negotiated with your bank or a refinance to another bank to acquire a financial outcome in your favour. Whichever the case, we will look to add value alongside this with sound and pragmatism in the financial advice we provide
We will look to manage your re-fixes moving forward provided you agree, and for that, we will work hard and diligently to gain your ongoing business

Note, most banks allow you to fix up to 60 days prior to your fixed rate renewal. We therefore highly recommend being in touch around 2 ½ to 3 months prior to the renewal of your fixed term for these reasons:

In an increasing interest rate environment, it may save you money to fix as soon as you are able so as to beat a rate rise
By discussing whether it is best to re-fix or look at refinancing to another provider as early as 3 months from the expiry of your fixed loan term we can spend time working with you and setting up an approval to refinance, should that be in your best interests
Banks can take a varied amount of time per loan application. It is not advisable to leave these discussions to the last minute; it may mean you feel forced into taking your existing bank’s offer without the considered opportunity of a better deal. Being organised means more time to negotiate with the incumbent bank and making an informed decision about the next finance move

Finance cost speaking, this is a pivotal moment and dealing with your current bank only provides an option with your current bank! And the deal kicker is on any given week we are aware of and monitor the best rates and packages are in the market as we deal with all the banks; how could your existing bank possibly profess the same?

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Get started with RSFA

With over 20 years of industry experience, Rod and his team provide expert guidance and top-notch service to help you achieve your financial goals. Reach out to our team today.

+64 9 950 8800

rod@rsfa.co.nz

Understand your finances with our financial analysis tools

RSFA Financial Advisers leverage Planolitix to provide clients with comprehensive financial planning and advanced data analysis, ensuring tailored solutions for optimal financial outcomes.

By utilising this sophisticated tool, RSFA Financial Advisers enhance decision-making processes and maximise investment strategies for their clients.

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Useful Calculators for Refixing or Restructuring

Our website offers a variety of easy-to-use financial calculators designed to help you make informed decisions.

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Repayment Calculator

Estimate monthly loan repayments based on the loan amount, interest rate, & term.

Loan Comparison Calculator

Compare different loan options to determine the best choice for your needs.

Budget Planner Calculator

Create a detailed budget to manage your income and expenses efficiently.

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Frequently Asked Questions

What does refixing or restructuring a mortgage involve?

Refixing involves renewing your mortgage at a new fixed interest rate, while restructuring may involve changing the loan term, repayment schedule, or splitting the loan into fixed and variable portions. Both options aim to better align your mortgage with your financial goals.

When should I consider refixing or restructuring my mortgage?

What are the potential benefits of refixing or restructuring my mortgage?

Contact our award-winning team and experience the difference

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     EXCELLENT  
     Based on 105 reviews 
    
 
 
   
 
 
        
   justin Engels 
 14 May 2024
 
 
 Trustindex verifies that the original source of the review is Google. Excellent service from a company that always had our best interests at heart. Without them we woukd not have been able to have our first home.
  
 
       
   Ma Pamela Therese Gaddi 
 26 April 2024
 
 
 Trustindex verifies that the original source of the review is Google. I would to thank Anne Zablan-Balila for helping us secure our first home! You are very hands on, knowledgeable and always willing to help and you have so much patience in answering all of our concerns! You guided us and you were present every step of the way! I highly recommend Anne Zablan-Balila of Rob Schubert Financial Advice to be your mortage adviser and I am sure you can secure your first home too. I will definitely seek your expertise if given another chance to secure a property in New Zealand! I am one of many satisfied and happy client! Thank you so much Anne!
  
 
       
   Amy Po-Ching 
 26 April 2024
 
 
 Trustindex verifies that the original source of the review is Google. I have worked with Rod as my adviser for many years now and he always takes the time to understand my needs to ensure he can deliver on what is required. I have found him to be thorough, diligent, honest, hard working and always striving to do the best he can by me. He is personable, professional, and I highly recommend him.
  
 
       
   giancarlo maturan 
 21 April 2024
 
 
 Trustindex verifies that the original source of the review is Google. I would like to give thanks to Anne Balila from RSFA for helping us get our first home.  I admit it wasn't easy but Anne was always there to assist us and made the journey smooth and less complicated. I will definitely recommend her and RSFA to my friends who are also thinking of getting their new homes.
  
 
       
   Corrinne Pillay 
 16 April 2024
 
 
 Trustindex verifies that the original source of the review is Google. We’ve been clients of RFSA for a few years now. Our experience with Rod and the team has been awesome and the service we receive from Rod has been second to none.
His persistence and diligence to get the best rate for his customers has been a standout for us.
Rod has immense patience with Clients and treats out portfolio as if it was his own, with attention to detail and going to task to ensure we always get what’s best for us. The collaborative way in which this team works ensures that our best interest are always at the forefront.
  
 
       
   Dave Stokes 
 16 April 2024
 
 
 Trustindex verifies that the original source of the review is Google. Rod and his team were able to work the magic for us that the others weren't. His professionalism and willingness to go the extra mile has been greatly appreciated. I highly recommend Rod to anyone looking for expert mortgage advice.
  
 
       
   Georgia Ross 
 15 April 2024
 
 
 Trustindex verifies that the original source of the review is Google. Great service! Efficient and reliable. Can’t thank you guys enough!
  
 
       
   Michael Davies 
 10 April 2024
 
 
 Trustindex verifies that the original source of the review is Google. Rod and the team at SFA have been fantastic to deal with throughout our process. They achieved a higher result than we had been led to believe would be possible and made the whole process easy even when there were hurdles placed in the path. We highly commend Rod for his professionalism, patience, and diligence and have no hesitation in recommending Rod, and the team at SFA, to assist with your financial goals.
  
 
       
   Matt Crawford 
 20 February 2024
 
 
 Trustindex verifies that the original source of the review is Google. Would highly recommend Rod and his team, they are great to work with. Was first introduced to Rod a decade ago and have continued to benefit from his knowledge and experience over the years. He works hard to get results and pushes to get everything lined up even when the banks are dragging their heels.
  
 
       
   John Funnell 
 5 December 2023
 
 
 Trustindex verifies that the original source of the review is Google. Rod and his team where brilliant to deal with and where all over every detail of the process.
Cheers, John & Paul!

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