5 Ways to Get a Better Refinance Rate in NZ (2025 Guide)

Thinking of refinancing your mortgage? Refinancing can save you thousands! But only if you do it RIGHT.

Here are 5 ways to get the best refinance deal in New Zealand:

1. Know When to Refinance

Timing is everything. The best times to refinance are when:

Interest rates have dropped
Your fixed term is ending
Your property value has increased (a better Loan-to-Value Ratio often means better rates)

2. Compare Multiple Lenders

Don't stick with just one bank. A mortgage advisor (like us!) compares rates and deals from multiple lenders; often saving you thousands in interest.

3. Watch Out for Break Fees

If you're on a fixed-term mortgage and switch early, your current bank may charge break fees. I will help you calculate whether refinancing is still worth it after fees.

4. Negotiate Cashback Offers

Many NZ banks offer cashback when you refinance, but conditions apply. We help you:

Maximise cashback deals
Understand the clawback rules (so you don't get stung later)

5. Get a Free Mortgage Review

Before you refinance, let's review your current loan and your goals. I will check if it's the right time and structure the best deal for you.

Ready to review your mortgage?

Get a free refinance check-up and see how much you could save.