Want thousands back when you switch or buy? We break down the rare 1.5% cashback offers rolling out across major New Zealand banks and show how to capture the benefit even if your settlement won’t land until the new year. The key is understanding the power of “documented” before the lender’s December cutoff and using that window to lock in your deal.Across the conversation, we map the evolution of cashback in New Zealand lending—from modest legal-fee rebates to percentage-based incentives that now change the refinancing equation. We get practical about eligibility, including the 20% equity or deposit criteria, and walk through the different lender deadlines. You’ll hear how documentation works, why loan documents typically stay valid for 60 to 90 days, and how that timing gives you breathing room to organise your move, manage contractors, or wait out the slow holiday market.We also run the numbers on real scenarios. One client uses the cashback to neutralise hefty break fees while dropping from around 7% to near 4%, freeing up cash flow fast. Another couple leverages the lump sum to carry their old home without tenants for a few months, buying time to prepare the property and avoid the Christmas lull. Even after solicitor fees, many borrowers keep a meaningful surplus, turning a stressful switch into a smart, cash-positive decision.If you’re considering a refinance or a bank switch, this guide helps you compare total value: headline rates, cashback, clawback terms, and timing. We share tactics for submitting complete files, coordinating with your lawyer, and navigating temporary pauses on pre-approvals as lenders prioritise refinances. The window is short, but the upside is real—secure the paperwork, protect your dates, and let the banks fund your summer reset.Enjoyed the chat and want more smart money breakdowns? Follow, share with a friend who’s debating a refinance, and leave a quick review so others can find the show.Send us a text Support the showBuy your first home in NZ Weekly Webinars You thought it's not possible or the dream is too far away? Come to my webinar and I will show you, you are much closer to your dream, than you think you are! Join Here - https://bit.ly/4m9SL72

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