Mortgage Design

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These Auckland Mortgage Brokers Could Save You Thousands

Happy couple having meeting with mortgage brokers in Auckland
We get it – mortgages can be daunting. The jargon, the calculations, the complexities – it’s enough to make anyone’s head spin. But are you aware that you could be throwing away your hard-earned money by not considering mortgage refinancing and refixing? Let’s break it down in simpler terms. Mortgage refinancing is like hitting the reset button on your loan. It allows you to replace your existing mortgage with a new one that offers better terms and potentially lower interest rates and who doesn’t love the sound of that?

The Cost of Inaction

Imagine this: You’re currently burdened with high monthly mortgage payments which are eating away your hard-earned income. By refinancing, you can secure a new loan with a potentially lower interest rate, effectively reducing your monthly payments. This means more money in your pocket every month, giving you the financial breathing room you deserve. Failing to reassess your mortgage regularly means you might be stuck with higher interest rates or unfavorable loan terms. Over time, these seemingly small differences can add to thousands or even tens of thousands of dollars in unnecessary exp/payments.

Mortgage Refinancing Can Unlock Savings

The benefits of mortgage refinancing are numerous. First and foremost, you can obtain 
potentially lower interest rate, which can significantly reduce your monthly mortgage 
payments. This frees up extra money that you can allocate towards savings, investments, or 
other financial goals. Along with refinancing, other strategies suggested by Mortgage Design can 
help you to reduce the term of the loan. 
Let’s look at an example. Suppose you have a $500,000 mortgage with a 30-year term at an 
interest rate of 7%. By refinancing to a 6% interest rate, you could save approximately $329 per 
month on your mortgage payments. Over the course of the loan, this adds up to over $150,000 in 
savings, while reducing your loan period by 7 years. Not to forget, the cashback incentives 
offered by the bank to a new customer. Imagine what you could do with all that extra 

By refinancing, you can potentially
1. Obtain a lower interest rate
2. Reduce your monthly payments, or even
3. Shorten the loan term

Mortgage Refixing to Seize Opportunities

Now, let’s simplify another option for you: mortgage refixing. This strategy allows you to negotiate better interest rates and terms with your current lender, without the need for a complete refinancing process. It’s like upgrading your existing mortgage to a better deal without all the hassle.
By refixing your mortgage, you can potentially benefit from favorable market conditions and secure a more advantageous interest rate. Moreover, you get to maintain your relationship with your trusted lender and avoid additional fees that come with refinancing. It’s a win-win situation!

Overcoming Obstacles

We understand that there may be concerns or obstacles holding you back. Perhaps you 
worry about the fees involved or the paperwork required, but don’t let these obstacles 
overshadow the potential savings that await you.  
Here are some tips for a successful Mortgage Refinancing    
1. Consult with a mortgage professional specialising in refinancing or refixing. 2. Clearly 
define your financial goals and objectives.  
3. Assess your current financial situation.  
4. Stay informed about market conditions and interest rates.  
5. Compare offers from different lenders.  
6. Consider long-term savings in addition to monthly payments.  
7. Understand the costs involved in refinancing or refixing.  
8. Organise and prepare all necessary documents.  
9. Communicate with your current lender about refixing options.  
10. Be prepared for paperwork and work closely with your mortgage professional. 
At MortgageDesign, we guide you through the process and provide expert insights 
tailored to your situation. We simplify the calculations, explain the costs, and help you 
make an informed decision.  
Remember, successful mortgage refinancing or refixing requires careful consideration, 
research, and expert guidance. Take control of your mortgage today and secure a 
brighter financial future. 

Frequently Asked Questions

To begin property investment, start by defining your investment goals and assessing your financial readiness. Research the property market, analyze potential returns, and consider working with, for instance, a reputable Auckland mortgage broker who can guide financing options and investment strategies.

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