First Rate Mortgages



Topping up your home loan, or getting cash out, is often necessary when making home improvements, helping with large family expenses, healthcare, buying a new car, debt consolidation, or travel costs. If you are looking at a mortgage top up or to refinance your mortgage in NZ, talk to an expert mortgage broker at First Rate Mortgages Ltd.   

A top up means you are adding to your current mortgage, so you need to understand the current structure of your existing loan and any fees that may apply. Our team is here to offer financial advice to help evaluate the existing loan, loan term and interest rate and, look at what other Banks can offer. This would include a review of any legal fees or break fees associated with topping up or refinancing your mortgage, assessing the equity in your home and helping to advise the best loan solution for you.   

There are many components to consider when topping up or refinancing your mortgage in NZ. There are times a Bank will not assist as they feel you have insufficient equity, income is too low, excessive credit card spending or poor repayment history. In these cases, a second mortgage or a full refinance to a second tier or non bank lender may be a good idea and the best option to consider. 

If you think you need to refinance your mortgage, consolidate debt or top up your home loan to access the equity talk to the team at First Rate Mortgages today.