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What clients Are saying

Troy has been amazing to deal with

at every step of the process. Troy found me great rates and loan options that best suited my needs and life. Troy's knowledge and communication was excellent. Troy was always there to answer any questions I had. An easy and smooth process. A rare find to have a mortgage Broker that actually cares and wants to do the absolute best by his clients. I highly recommend Troy, you wont regret it.

Stacey Robinson

Dealing with Troy was so good, he was able to help me and it was all done without any fuss or delay. Thank you so much

Leanne Rankin

We had a great experience dealing with Troy from TAP Mortgage Solutions! Not only was he able to save us a lot of money by refinancing and finding us a better interest rate, he pushed us to look into credit history and ask the right questions to have an incorrect default rectified. That in itself is a huge win for us. The process was easy and he always communicated well every step of the way. We are now looking into other ways he can help us with investments. Thanks again Troy!

Metia Robertson

Frequently Asked Questions

Should I refinance now or wait?

More than 70% of mortgage terms are due to be re-fixed this year, but many homeowners are choosing to break early, switching their low fixed rate for a higher one. This may seem counterintuitive – why would you spend more before you have to? The short answer is interest rates are predicted to keep rising, so re-fixing right now might be the key to keeping your home loan repayments in the black.

Will rates continue to rise?

Chris Tennent-Brown, senior economist at ASB, said he expected floating rates to peak at between the mid-8% range and mid-9%,

with one- to five-year fixed rates to peak in the high 6% to mid-7% range. In broad terms, every percentage point increase in interest rates adds $1000 per year per $100,000 borrowed. A $500,000 loan on 6% a year costs $30,000 in interest but at 7% it costs $35,000, plus any principal repayment.

What if my situation has changed?

The best place to start here is with a financial advisor who can review your situation and provide advice about what changes to your personal circumstances may mean for your lender and ability to afford repayments.

What’s involved with breaking and re-fixing?

Breaking your fixed rate home loan means ending your mortgage term before it expires to refix a new interest rate. Usually, you’d break to secure a lower interest rate, change your term or pay off a lump sum of your home loan. There can be some administration costs involved with breaking and refixing but usually, the long-term savings outweigh those costs.