The three wise benefits of refinancing

Don’t spend another year shedding tears, and dollars, because you didn’t refinance your mortgage. Let UNO do some huffing and puffing as we trim down your mortgage, pop it down your chimney and under your tree in time for Christmas morning.
Last Christmas, I forgot to refinance. So the very next day, I still had to pay This year, to save me from tears I’ll refinance with someone special…“ It’s a bit cringey, isn’t it? But while I’m clearly no George Michael in the song writing department, I do know a thing or three about refinancing mortgages. Don’t spend another year shedding tears, and dollars, because you didn’t refinance your mortgage. Let UNO do some huffing and puffing as we trim down your mortgage, pop it down your chimney and under your tree in time for Christmas morning.

Trimming the fat from your mortgage

As Australia’s only Active Home Loan Manager, the UNO team spend our time watching:

  • interest rate movements
  • shifting property prices
  • your personal circumstances, such as pay increases

Why?

To make sure you’re always getting a good deal on your mortgage. We want you to pay less interest, over less time and put that money towards: your home, your family, your lifestyle. The banks don’t need your money. You do.

The three wise benefits of refinancing

I love Christmas but the kids are getting older and want different things. More expensive things. I’d love a holiday soon too. Very soon if I’m 100% honest. I also don’t want to dip into my savings. What to do? You got it. Refinance my mortgage. Let’s look at three wise ways I can use my refinanced mortgage funds.

1. Take a holiday. Or do some home reno’s

Okay yes, I would really love a holiday. But, while sunning myself in Fiji seems like bliss right now, I’d also love to redo the bathrooms and fix up the pergola. Not like The Block either. I want to pay someone to come and do it for me. Wait. I could have someone do the renovations while I’m sunning myself in Fiji! Now that’s a very nice Christmas present to myself. UNO customer Chris did just that. Read how he refinanced to pay for renovation.

2. Get a low-ho-hower rate

The best, and most fun, thing about refinancing at the moment is getting a lower interest rate. Lower rates mean more money in my pocket. That’s a few more fancy meals in Fiji or the really fancy tapware for my new bathrooms. The good thing about UNO is they work with 30 lenders – including the Big 4 – so have access to a huge range of competitive rates from which to broker loans. One of UNO’s customers saved $32,376 in a single year after refinancing with UNO, switching from an interest rate of 6.24% with Resimac, to a 3.65% interest rate with CUA. They consolidated a bunch of loans and credit cards in the process.

3. Pay off my mortgage faster

Curious about how many $$$ you can save by paying off your mortgage faster? Check out our nifty mortgage calculator and think of the possibilities of being mortgage free. With a tweak here and a twiddle there, you could be saving thousands of dollars over the lifetime of your loan. UNO customers Lee and Danny reduced their loan life from 20 years to 14 by refinancing with UNO. By switching lenders they were able to get a better interest rate, consolidate debt and save $42,000 in the first five years. They shared their story here. As Australia’s only Active Home Loan Manager, UNO can:

  1. Help you get the right home loan (and most competitive rate) for your situation
  2. Analyse your loan and let you know whether it’s still the best rate available to you (even if you didn’t get it through us) using our unique loanScore technology, then continue to monitor your home loan/s daily to keep you on a good deal for the life of your loan.
  3. Help you renegotiate with your current bank or lender, if your current loan is no good and interest rate could be lowered
  4. Help you switch banks, if your current bank or lender won’t come to the party Find your savingsBook in a quick call with our customer care team.Photo by Caley Dimmock on Unsplash Book a call in with UNO
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What our customers are saying

Kathryn Cretney
November 14, 2024
5 stars for our service reviews from clients
Paul helped us from day one before we even arrived in Australia so we knew exactly what we needed to prepare. He’s got a tonne of knowledge and was really lovely and supportive to deal with. Helpful and easy going. Would highly recommend - now in our first Aussie home and Paul made the process all very easy!
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Sean O'Neill
November 14, 2024
5 stars for our service reviews from clients
We received excellent service and a tailored solution to our home loan requirements from Uno. Paul kept us informed at all milestone stages and throughout the process he demonstrated a ‘can do’ attitude that ultimately allowed us to get over the line and meet our deadline. We’re most grateful and very impressed. Highly recommend
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Crush Huston
November 8, 2024
5 stars for our service reviews from clients
Paul is an amazing broker. Communicative, responsive and knows his stuff! Highly recommend
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Amanda Pearce
November 7, 2024
5 stars for our service reviews from clients
After just four months in Australia, our New Zealand home sold, prompting us to stop renting and invest locally. We found Paul through a Kiwi Facebook group, and his exceptional service exceeded our expectations. From initial contact, Paul provided clear explanations, friendly communication, and prompt responses to our queries, making our mortgage process remarkably smooth. We highly recommend him.
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Dom Saric
November 3, 2024
5 stars for our service reviews from clients
Mike Parsons went above and beyond to ensure that our refinancing journey was painless and successful. He was communicative, accessible (even working while on holidays!), and his knowledge of the systems at play meant that he picked up on things that other brokers missed. Would 100% recommend Mike, and will definitely be back next time we need a broker.
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Ashleigh Breaden
October 31, 2024
5 stars for our service reviews from clients
Mike Parsons handled our refinance of our home loan with ease and a depth of knowledge that ensured we got the best deal possible for our situation. We didn't have an easy one to solve for with my husband being self employed and we were consolidating finances as well for a car loan. But Mike handled it all for us and once we had provided him with all the documents we literally didn't have to do a thing after that, it was so easy and so quick we are super happy with the experience! Top notch! Highly recommend!!
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Kyle Richards
October 10, 2024
5 stars for our service reviews from clients
Absolute legend, helped me through the first home buyers scheme, explained everything in a way that made sense, was very knowledgeable and a joy to work with.
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Chloe S
October 8, 2024
5 stars for our service reviews from clients
Mike Parsons made it possible for us and the in laws to get 2 pretty complicated home loans. He helped us through everything and we'd be happy to use Mike and the team again for anything we needed. Thanks again!
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Sam Rezai
October 2, 2024
5 stars for our service reviews from clients
I have gone through 6 different mortgage brokers prior to meeting Andrew Wyers. He is the most patient mortgage broker I’ve encountered and also the most knowledgable about the bank’s lending process and products available. It took me 1 year to find a house I was happy with and Andrew was always there to assist with any issues or questions I had; he always return my phone call, even on the weekends or when his away on holidays. The loan process was smooth and I had no complications. The process with Andrew was again nice and easy, he took the time to find and put together the right package that was suited to my situation. I have recommended Andrew to my family & friends and everyone have been grateful and completely satisfied with his service.
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S Wilko
September 23, 2024
5 stars for our service reviews from clients
I had not dealt with Scott or UNO before finding them on the internet. Even as an Australian citizen living and working overseas, I knew obtaining a loan would be difficult. However, Scott went above and beyond what I expected from a mortgage broker. I genuinely don’t think you could find another company that works as hard as they did to get my home loan approved. I cannot recommend them highly enough. Everyone I dealt with at UNO were extremely professional and helpful. If you are looking for a broker, you would be mad not to give them a go. Thanks to Scott Wilkinson, Dalby Bajwa, Jena Lasquite and Andrew Pacini. Shaun.
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Shan Liao
September 3, 2024
5 stars for our service reviews from clients
I had an outstanding experience with Tian Liu. He was incredibly professional and attentive, going above and beyond to meet my needs. His expertise and dedication made the entire process smooth and stress-free. Tian's deep knowledge of the market and commitment to finding the best solutions for his clients truly sets him apart. He was always available to answer my questions and provided invaluable guidance throughout. I highly recommend Tian Liu to anyone in need of a reliable and skilled broker!"
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Nathanael Chin
September 3, 2024
5 stars for our service reviews from clients
Tian Liu provided exceptional service throughout the entire process. His professionalism and keen attention to detail were evident from the start. Tian consistently kept us informed and offered insightful advice that made us feel confident in our decisions. He truly cares about his clients and works tirelessly to ensure the best possible outcome. We couldn't be happier with his assistance and highly recommend Tian to anyone looking for a trustworthy and knowledgeable broker.
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