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Many Kiwis are refinancing their home loan for a number of reasons, including to: Refinancing your mortgage is not an easy decision.

A Loan Market mortgage adviser will help you do the sums, taking into account all the costs of mortgage refinancing, to help you determine whether or not refinancing is the right move for you.

​Many homeowners find it difficult and frustrating saving for things like holidays or renovations whilst paying off a mortgage, but it doesn’t have to be.

Home equity loans are designed to give you access to the equity in your existing home loan via a line of credit loan.

Historically, the rule of thumb was that it was worth the money to refinance if you could reduce your interest rate by at least 2%.

Today, many lenders say 1% savings is enough of an incentive to refinance.

​Struggling to make repayments on high interest debts such as credit cards and personal loans?

There are many benefits associated with refinancing your home loan and one of those we’ve already mentioned is consolidating your debt.

Everyone knows that credit card debt is “bad” debt due to the high interest rates on most consumer credit cards, while mortgage debt is often described as “good” debt.

But sometimes the distinction between “good” and “bad” debt isn’t so clear-cut.

For example, if your house is worth 0,000 but you only owe 0,000 on your mortgage, you could potentially remove some of the equity in order to pay off debt with a higher interest rate attached to it than what you pay on your mortgage.

There are many arguments that people make in favor of refinancing a home mortgage to take out cash to pay off their debt.