When your mortgage fixed rates are coming up for renewal you want to make sure you lock in the best possible rate at the time to avoid paying unnecessarily high fees. From our experience, quite a few of our clients find renegotiating and fixing mortgage rates both stressful and confusing, particularly in the current property bubble where interest rates are changing frequently. With interest rates on the move upwards, you may also want to consider fixing your floating mortgage to avoid higher rates in the future.
So how can we make it easier for you?
It’s simple, before locking in a rate talk to an independent financial advisor. They can give you the latest market news, expected trends and provide sound advice on which options are best for you. You can then make an informed decision about which interest rate to lock in, and for how long, whilst avoiding all the unnecessary stress that can come with it.
If your mortgage rate is coming up for renewal or you want to discuss fixing a floating mortgage, request a call and we’ll walk you through your options.
Note to ASB customers: If you are with ASB you’ll likely get a notification via your ASB mobile app or email that your mortgage rates are up for renewal. You may be eligible to select your new rate and refix it online via their FastNet Classic service or the mobile app. It’s a great system that makes refixing your home loan simple and easy to do, however it doesn’t necessarily mean you’re getting the best rate in the market as the ability to negotiate rates and get advice has been removed from the equation. So before you commit to a new rate, make sure you seek advice on all your options first.