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Refinancing

Time to refix your mortgage and need a hand

Refinancing is the process of transferring your home loan from one bank to another. When you refinance, you’re essentially paying off your existing loan, then taking out a new loan at a different bank. Refinancing is sometimes referred to as refixing or restructuring, but the three are very different things. You will be wanting to do this only if you are making improvements to your financial position. Eg, better rates, better terms, better products. You want to map it back to your goals.

How Guardian Smith can help with your refixing

Guardian Smith, a reputable financial services provider, specialises in guiding individuals through the process of all mortgage services including refixing. The company offers personalized assistance in assessing the financial implications of refixing a mortgage, helping clients explore options for securing better terms and rates. Guardian Smith’s team of experts provides valuable insights into the mortgage market, assists in navigating the paperwork involved, and ensures that the refinancing process aligns with the specific needs and goals of their clients. With a commitment to transparency and client satisfaction, Guardian Smith aims to empower homeowners with the information and support needed to make informed decisions and achieve greater financial stability through mortgage refixing.

Frequently asked questions.

Mortgage refinancing means replacing your existing home loan with a new one and moving to a different bank (refinancing) to achieve better terms, interest rates, or access bank incentives. Banks treat refinancing as a fresh loan, which pays out your old mortgage, so legal, valuation, and potentially break‑fee costs must be considered . This also is an opportune time to restructure your home loan to optimise it and align with your long term goals.

  • Lower interest rates → lower monthly payments .

  • Shorten loan term or switch fixed/floating rate for long‑term savings .

  • Access equity for renovations, investments, or debt consolidation.

  • Cashback or incentives can offset refinancing fees and some.

Refinancing typically involves:

  • Occasionally Property valuation (~$1,000), legal fees, and potential break penalties.

  • Breakeven analysis is crucial, ensuring long‑term interest savings outweigh upfront costs.

  • Process duration: 30 to 45 days, factoring valuation, legal, and lender approval steps .

Working with a mortgage adviser gives you access to NZ’s full lending landscape, including banks and non‑bank lenders, without extra cost (advisers are paid by lenders). They can help you:

  • Compare interest rates, features, incentives across lenders .

  • Calculate break even points factoring in all costs, ensure you are improving your financial outcome.

  • Navigate break‑fees, valuations, and settlements smoothly .

We’re here to help.

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