Mortgage Restructuring

Make sure paying off your mortgage isn’t an uphill task

Save interest on your existing home loan through our Mortgage Restructuring service. 

Mortgage Restructuring is all about arranging your home loan in the correct combination of fixed and floating interest rates, selecting the right term for fixed portion of the loan and setting the appropriate loan repayment amounts with the objective to save money in interest repayments and pay off the mortgage quicker than the standard 30 years term given by the bank. Often deciding what combination is best for you can be quite confusing as there are multiple ways to structure a mortgage. That’s where our expertise comes in handy as your trusted mortgage broker. We have helped over six thousand Kiwi families structure their mortgage to repay it quicker and get debt free. In the last sixteen years, we have structured over $3.5 billion worth of mortgages. It makes us the top individual mortgage broker in world as home owners keep coming back to us not just for a good deal but to save heaps of interest on their home loans.

How to pay off your home loan quicker

There are three main methods to repay your loan quicker than the term that bank will offer you:  

1. Pay off higher loan repayment instalments regularly

The simplest way of paying off your loan quickly is to make regular loan repayments which are higher than standard 30 year loan repayments you make, so each loan repayment reduces your borrowed loan amount quicker.   

2. Pay a set amount of loan upon loan maturity

Setting higher loan repayment instalments than normal may not suit you if you have other expenses or outgoing commitments which may require attention in future and therefore calls for you to save money. In this scenario, you can pay normal loan instalments for the fixed period of the loan but pay a set amount of loan back from your savings when the fixed loan comes to expiry thus reducing your borrowed loan amount quicker  

3. Save interest repayments using offset account and direct it towards principal repayment

These days all banks offer you to setup part of your loan in an account where interest is only charged on outstanding balance of that account and if there is any money or savings available in that account no interest is charged on the available money. This is called an offset account and you can either direct your savings in this loan account or link this loan account to a number of separate savings accounts.  By doing this, you only pay interest on a smaller portion of the loan and the savings in interest repayment can be used to pay off the loan and reduce it quickly.

Restructuring Your Mortgage With Our Expertise

No one takes out a mortgage or home loan from the bank to have it sit there forever. We all want to get rid of it as soon as possible. That’s where our fifteen years of expertise and experience comes in handy. Our restructuring plan will help you finish your mortgage in less than your original term and best of all you’ll keep the mortgage repayments on a thirty year term so you can continue living the lifestyle you are used to without any extra commitments.

Proper mortgage restructuring requires a combination of five main factors:

  • Assessment of your income, expenses and potential savings
  • Consideration of current and projected interest rates
  • Evaluation of your near future financial commitments and position
  • Securing of lowest possible interest rates right from the start
  • Correct splitting of the loan between fixed and floating
By doing a thorough review of above five factors and on your financial and family situation, we can assess and advise you on the right structure for your loan so you can live the lifestyle you want without compromising and still enjoy the peace of mind that your loan will  be paid off quicker than the term given by the bank.