Many homeowners may be able to significantly reduce the total interest paid on their mortgage by making small, consistent changes to their repayment strategy and loan structure.
Simple adjustments such as maintaining higher repayments when rates drop, or adding small extra payments when possible, can have a meaningful impact over the life of a loan. Reviewing loan structure regularly and considering how different fixed terms work together can also improve flexibility and long-term cost efficiency.
Key Mortgages director Jeremy Andrews says many borrowers are surprised at how much difference small changes can make over time.
"Even small, consistent increases in repayments can have a significant impact on reducing the total interest paid and shortening the overall loan term," he says.
He adds that borrowers who take a proactive approach to their mortgage structure are often in a stronger long-term position.
"Clients who regularly review their lending structure and keep repayments steady or slightly higher tend to see the biggest long-term savings,'" Andrews says.
Full article here: https://www.1news.co.nz/2026/04/28/how-to-cut-your-mortgage-interest-bill-in-half/
Key Mortgages advise 1news how homeowners could significantly reduce long-term mortgage interest by making simple repayment adjustments and reviewing loan structure regularly.
Key Mortgages comments with Tony Alexander and TMM Online the prospect of whether rising interest rates and global tensions are prompting a more cautious approach from buyers. Is mortgage demand softening as households take time to reassess affordability and market conditions?
NZ Banks are offering cash incentives to retain existing home loan clients. Jeremy of Key Mortgages summarizes with NZ Herald, whether to switch or stay depends on factors like break fees, equity, and overall costs. We can help and negotiate with your current bank to find which is the smarter move.
Key Mortgages recently joined Ryan Bridge on Newstalk ZB, to discuss the recent jump in mortgage rates and what it means for Kiwi borrowers.
Key Mortgages shares details with Good Returns how expanded low-deposit lending options may help eligible first home buyers enter the market sooner and with better pricing
As featured in Stuff, buying property with friends or family can improve affordability, but clear agreements and proper structure are essential.
.svg)
.svg)
