Refix Your Mortgage
Refix your mortgage can secure a better deal and optimize your loan structure
Refixing your mortgage is the process of renegotiating the terms of your existing fixed-rate home loan when your current term is ending . It’s your opportunity to secure a new interest rate and adjust the structure of your loan with your current lender without going through a full refinance.
Why Refix or Restructure Your Mortgage?
- Secure a Competitive Interest Rate: Negotiate a lower rate with your current lender to reduce your interest repayments.
- Optimize Your Loan Structure: Rearrange your mortgage into a winning combination of fixed and floating rates and set the right repayment terms to save thousands and pay off your loan years faster.
- Adjust to Life Changes: Update your mortgage to suit changing circumstances, such as an expected change in income, planning renovations, or consolidating debts.
- It’s Simpler than Refinancing: Because you’re staying with your same lender, the process can be faster and may not require a full application or property appraisal.
- Incentives from your own bank: If you are outside the typical claw back period of 3 – 4 years from when you first started your mortgage, you may be able to get a cash incentive from your bank. Getting the best out of your bank will save you needing to go elsewhere!
When to Consider Refixing:
The most common time is when your current fixed-rate period is about to expire. This is a critical window to negotiate and avoid being moved to your lender’s standard or floating rate, which is often less competitive.
Get the best possible mortgage structure for you
Get a Quote
Get a Fast Quote, All you need to do is provide your details below application form.