
Key considerations when refixing your home loan this winter
A lot of New Zealand homeowners will be coming to the end of their fixed terms this winter. One of the reasons for this was mortgage holders choosing shorter terms last year. By choosing a shorter term, they may have hoped rates would go down, and they’d be able to re-fix sooner than the average term length of 12-24 months. But seeing your term come to an end can still be a stressful time, especially if the rate you’re being offered is higher than you expected. The high cost of living is continuing to put pressure on many households.
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