All eyes will be on the Reserve Bank this Wednesday as it announces its latest Official Cash Rate (OCR) decision.
Whether rates move or stay the same, one thing remains certain: the home loan market continues to evolve. Banks are regularly adjusting fixed-term rates, introducing new offers, and changing their lending strategies. For homeowners, that means there are often opportunities to reduce repayments, improve loan flexibility or simply ensure your mortgage is still working for you.
Your mortgage should evolve with the market
Many New Zealanders fix their mortgage, then leave it untouched until the next refix date. However, your financial situation, lending options and bank offers may have changed significantly since you last reviewed your home loan.
Even if your current rate is competitive, your loan structure may not be. Splitting loans across different fixed terms, adjusting repayment amounts or refinancing with another lender can potentially save thousands of dollars over the life of your mortgage.
The key is understanding what options are available.
Why use a mortgage adviser?
While it's natural to speak with your current bank, it's worth remembering that your bank can only offer its own products.
Our trusted partners at The Umbrella Company specialise in helping New Zealanders review their home loans and compare lending options across a wide range of lenders. As experienced mortgage and home loan advisers, they have access to more lending options than most borrowers can access themselves and, in many cases, can secure more competitive rates or lending structures than customers receive by approaching a bank directly.
Best of all, there's no obligation to proceed. A simple mortgage health check could confirm you're already on a great deal—or uncover opportunities to save.
Winter Special: Free Fibre Broadband, a $500 Prezzy Card AND Cashback
As the cost of living continues to put pressure on Kiwi households, Money Compare has teamed up with The Umbrella Company and Simply Broadband to deliver an outstanding offer for homeowners.
Throughout July and until August 14th, customers who complete a qualifying new home loan or refinance through The Umbrella Company will receive:
- Up to 18 months' FREE fibre broadband with Simply Broadband* and
- A $500 Prezzy Card* upon settlement and
- Up to 1% cashback on qualifying loans*
It's our way of helping reduce everyday household costs while rewarding customers for taking the time to review one of their biggest financial commitments.
It costs nothing to ask
With interest rates continuing to change and lenders competing for new business, there's rarely a bad time to review your mortgage.
A free, no-obligation consultation with The Umbrella Company could help you:
- Reduce your repayments
- Improve your loan structure
- Access better lending options
- Take advantage of our exclusive July promotion
If you've been thinking about reviewing your mortgage—or simply want to know whether you're still getting a competitive deal—now is the perfect time to book your free mortgage health check.
Because when it comes to your mortgage, small changes today can make a big difference tomorrow.
*Terms and conditions apply. Offer available on qualifying new lending and refinanced home loans completed during the promotional period. Full terms here
