This is where we gather information about your financial position, your income, employment history, and any debts or assets you may have and find out where you are at financially and where you want to be.
Refix your mortgage, minus the hassle
There’s no beating around the bush here: buying property can be stressful. So when you finally sign on the bottom line and officially become a homeowner, it’s natural to breathe a deep sigh of relief and mentally put the buying and home loan processes to the side so you can enjoy the moment.
Before you know it, though, it’s time to think about your finances again. That’s because mortgages are only tied in for a few years at a time – one, three or five years, typically – then at the end of that fixed period you need to refix your home loan. Sometimes this means an interest rate drop … and sometimes it might mean an increase. For homeowners who don’t feel very comfortable negotiating with their bank, this process can be daunting.
At Threefold, we have countless years’ experience dealing directly with the banks, not to mention loads of experience dealing with complicated home loan situations. For us, refixing home loans is a walk in the park! No situation is too hard or complicated; if anything, we like a challenge! Because we work with all the major banks in New Zealand, we know what provider is offering which rate at any given time, which gives you certainty that you’re getting the best possible deal.
Refixing your home loan doesn’t mean switching banks, although if it makes financial sense to switch, we’re with you every step of the way. We work with all the major banks and understand what each one looks for in a successful home loan application. We don’t approach multiple providers and see what sticks; we look at your financial situation and match you with the bank that, from our extensive experience, is an ideal match for you. We compare mortgage rates between banks to find the best rate for you. We help you figure out if you should fix or float your mortgage. And if you’re wondering if you should break your current mortgage, we can discuss that too.
If Threefold helped you get your initial home loan, refixing it is simple: the same mortgage adviser you worked with the first time around with get in touch with you, then manage the whole process. Our mortgage advisers get a kick out of continuing that relationship with you – we’ve watched our clients get married, have kids, buy investment properties, even retire – so helping you continue your property journey not only makes your lives easier, it also brings us joy.
Didn’t use Threefold to secure your home loan in the first place? Not a problem: it’s never too late to start your relationship with us. Simply contact us before it’s time to refix your home loan and we’ll manage the whole process for you.
We work with New Zealand's leading lenders to find the right mortgage for you
At their most competitive rates, without you needing to shop around.
Mortgage Process for Property Investors
We reach out to various lenders on your behalf to obtain approval up to a certain sum of money, based on certain conditions. We will determine what you can borrow based on all the information you provided to us at the initial consultation meeting.
Now the fun begins, you can spend your weekends looking for your first home in the knowledge that you have pre-approval and can confidently make an offer.
Once your offer is accepted, we will discuss:
- Loan Structure
What type of loan you want and how you want to pay it back. We can help talk through your options for loan type, fixed and/or floating interest rate and design your home loan with you.
Help you with ensuring you have all appropriate insurances in place to cover you and your new home.
All mortgage documentation will be sent to your Solicitor for signing ready for your settlement date (purchase date).
Celebrate and move in! Woohoo you’ve bought your first home!