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In fact, with a few smart changes, you can shave years off your loan term and save thousands in interest, all without really noticing the difference day to day.

Buying your first home can feel out of reach, especially when you do not have a huge deposit saved. That is where First Home Loans can make a real difference for some buyers. First Home Loans help first home buyers get into the market with as little as a 5 percent deposit.

Refixing your mortgage is a great time to reassess your financial goals and make sure your loan is still working for you. It is not just about picking a new rate — it is about choosing the right structure for where you are at in life.

You schedule a meeting with your bank: “I want the maximum I can get, please.” The bank adviser says, “Look, your CrossFit, your dog daycare costs, and daily coffees are really cutting into how much we can lend you.” On one hand, you think, I want my own place. I want the best place possible. It’s the New Zealand way. (You’re not even sure why you think this, but it’s what your parents always told you.) On the other hand, you love CrossFit. You love working out with your community and you’ve made some of your best mates there. You love your dog. He’s your screensaver and comes everywhere with you. You love your daily coffee. It’s one ritual you genuinely enjoy every day, and it’s a good social environment for you, too.

Would you feel confident that no repayments would be missed? That the person you lent money to wouldn’t need an overdraft or Afterpay to live within their means? If the answer is no and you want a mortgage soon, it’s time to make some changes.