Refinancing

Could You Be Paying
Less Every Month?

With rates falling and cashback offers available, now is a great time to review your mortgage. Jagdip compares 20+ lenders and could save you hundreds a month — for free.

Free service — 20+ lenders compared
Cashback deals up to $5,000 available
Many clients save $200–$500 per month

Quick facts 2026

$5k
Maximum cashback from some lenders
~5.2%
1-year fixed rates — well below floating
20+
Lenders compared for every refinance
$0
Cost to you for Jagdip's advice

Every refinance situation handled

Whether you want a lower rate, cashback, debt consolidation or a restructure — Jagdip finds the right solution across 20+ lenders.

Lower your rate

If your current rate is above 5.5%, there's a good chance Jagdip can find something better. A 0.5% cut on a $500k mortgage saves ~$200/month.

Cashback refinance

Several major NZ banks offer cashback up to $5,000 for switching. Jagdip identifies which cashback deals are live for your loan size.

Restructure your loan

Change your loan term, split fixed and floating, or move to interest-only. Jagdip restructures your mortgage to improve cashflow.

Debt consolidation

Combine personal loans, car loans or credit card debt into your mortgage at a lower rate. Jagdip models the numbers so you see exactly what you'd save.

Access your equity

Has your home grown in value? Jagdip helps you release equity for a renovation, investment deposit or other goals.

Fix vs float strategy

Coming off a fixed term? Jagdip reviews the rate outlook and advises whether to fix, float or split — and for how long.

Current cashback offers — NZ 2026

Several major banks offer cashback to attract refinancers. Jagdip knows which deals are live and which lenders suit your loan size.

NZ bank cashback refinance offers — indicative 2026

Lender type
Cashback range
Clawback period
Major NZ banks
$2,000–$5,000
Typically 27 months
Mid-tier banks
$1,000–$3,000
Typically 24 months
Minimum loan for cashback
Usually $200k+
Some require $300k+

⚠️ Watch out for break fees before you switch

If you're currently on a fixed rate, your bank may charge a break fee to exit early. Jagdip calculates your break fee before recommending any switch — so you always know if refinancing genuinely saves you money.

Refinancing FAQs

How do I know if I should refinance?

If your current rate is above 5.5%, you're coming off a fixed term, or you haven't reviewed your mortgage in 2+ years — it's worth a chat. Jagdip will tell you within minutes if refinancing makes financial sense.

What are break fees and how much could they be?

If you're on a fixed rate and switch early, your bank charges a break fee. It can range from a few hundred to several thousand dollars. Jagdip gets your exact figure before recommending any switch.

How long does refinancing take?

Most refinances take 2–4 weeks from application to settlement. Jagdip manages the whole process — you just sign the documents.

Can I get cashback when refinancing?

Yes — several major NZ banks offer cashback of $2,000–$5,000. Jagdip knows which deals are live and factors cashback into the overall comparison.

Does refinancing cost anything?

Jagdip's advice is free. Your solicitor charges for the title transfer — usually $500–$800. Cashback from the new lender typically covers this. See Jagdip's Disclosure Statement.

Related services

Could you be saving more?

Book a free chat with Jagdip. She'll review your current mortgage, find the best available rate, and tell you exactly how much you could save.

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