Most Kiwi homeowners set and forget their home loan. But the right structure and rate can save you thousands a year. Here are the main reasons it pays to take a fresh look.
The backdrop matters: the OCR has fallen from a 5.50% peak, fell to 2.25% and is now rising again and around $132 billion of fixed mortgages reprice across 2026. If you fixed at the top, your next review could be a big one.
If any of these sound like you, it's worth a conversation:
Don't auto-renew at the bank's carded rate - that's where households quietly overpay.
After a sharp easing cycle, the rate you locked in two years ago may be well above today's pricing.
Lenders compete hard for good borrowers. Sometimes the move pays for itself - sometimes it doesn't. We'll tell you which.
A pay rise, a new job, or paying down debt can all strengthen your position with lenders.
Small changes to repayments and structure can shave years - and a lot of interest - off the loan.
Consolidating expensive debt against the mortgage can ease cashflow when it's done carefully.
If you have money sitting in a transactional or savings account, it could potentially be restructured into a revolving credit or offset facility reducing the interest you pay on your mortgage.
Free, no-obligation mortgage review
Rates move, banks change their rules, and the structure that suited you a few years ago may now be costing you. A short review tells you exactly where you stand - and what you could do better.
Request your review
Leave your details and an adviser will be in touch - usually within one business day - to arrange a time that suits you.
No cost, no obligation. Your details stay with Kris Pedersen Mortgages and you can opt out anytime.