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


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

Liam Sugiono
April 15, 2024
Amy and her team were efficient and knowledgeable as our broker. They were easily contactable and ensured all our needs were met.
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Mike Vincent
April 10, 2024
Andrew is the best broker I have worked with and one of the few people who understands the investment journey from both a personal and professional standpoint. Andrew is an asset to anyone from a first home buyer to a seasoned investor.
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Yu Su
April 9, 2024
Amy was very help and quick respond when I have questions. Really recommended.
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John Cahill
March 7, 2024
Scott Wilkinson was my broker last year when I sought finance for a new property investment and refinance for my property port folio. He was an absolute delight to work with. He was always professional, on time and always available to talk at a moment's notice to discuss my credit options and give well considered advice; usually this was very much after-hours due to my work commitments during the day. He was always happy to talk. I had not used a mortgage broker in a long time opting to do the re-financing myself. This was primarily due to disappointing experiences I'd had with mortgage brokers in the past. However with the increasing complex nature of dealing with credit providers, I could see that I needed a good advocate to act on my behalf for this particular refinance. In all honesty I did not hold much hope that in the current credit environment I would be able to secure the finance I required for the new property investment I was wishing to secure. Scott found a way however and was able to secure the finance along with the refinance of my portfolio. I have since referred friends to Scott and I know they have been very happy with his work. He is ideal for property investors who have busy day-jobs and need someone who understands property investment strategy and is able to tailor credit advice and options to their needs. Scott provides this advice and information in a way that is clear and concise. He kept me up to date continually during the application process. He made what could have been a very stressful and frustrating process easy and straightforward. I could not recommend Scott and the team at UNO Home Loans more highly. They are all a delight.
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Sally Mackenzie
February 19, 2024
We chose Uno Home Loans from their impressive web site knowing we were going to find it hard, on many fronts, to qualify for a home loan. We were incredibly fortunate to be assigned Mike Parsons as right from the get-go, despite the complexities, he hit the ground running for us. He was incredibly knowledgeable, with years of experience but what was immediately apparent and impressive was that he was totally invested in getting us over the line, doing absolutely everything possible, including working around the clock. Despite it being a relatively small loan in the order of things, Mike never missed a beat, getting docs ready, following up and answering every request from the proposed funder immediately. He kept us informed on progress the minute anything happened, and again if anything needed to be done, he was right on it. In short, we highly recommend Uno, and Mike, knowing what a remarkable job he did, over many weeks, to get us our loan. He got us a great deal, with far better rates than we expected, so we couldn't be happier. In fact, without doubt, you'd be hard pressed to find a more personable, sharp, hard working, dedicated professional who clearly prides himself on getting his customers standout results.
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February 13, 2024
Scott and his team were just A-mazing. We felt supported through the whole process with the greatest quality and care. Every question answered right in time, or even before we asked. The process was smooth and we got the best outcomes we could have wished for.
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Angela Biddle
February 6, 2024
Our mortgage recently came up for renewal, and with interest rates skyrocketing we were looking for ways to minimise the impact. Michael and his team were proactive and attentive. Michael spent time with us to understand our circumstances. He found mortgage options that worked with our current financial situation and longer investment plans. He presented clear options, providing guidance where needed. He and his team were helpful and responsive - streamlining the process and keeping us updated through the negotiations. In the end, Uno did the heavy lifting and secured a significantly better rate than our current bank offered, all with friendly, personal service. We would highly recommend UNO Home Loans.
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Fotis Bikas
January 15, 2024
I cannot help but congratulate Scott Wilkinson of UNO Home Loans for being an absolute credit to both his company and the entire loans industry. Scott is a truly rare gem of a broker in that he will not only go the extra mile to achieve for each customer the very best deal, but his knowledge of all and sundry within the industry is unsurpassed (you will see what I mean if you speak to him). Additionally, Scott has a clear passion for imparting his wealth of information with each customer, whereas the conversation with most other brokers would simply be over if they could not get you the best deal. For me, Scott Wilkinson of UNO Home Loans stands head and shoulders above the competition and I feel privileged to benefit both from his expertise and professionalism whenever it is time for a refinance or new loan.
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Tomoharu Matsui
January 11, 2024
Michael Parsons helped me a lot when it's difficult to establish my capabilities in loan.
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Gillian Kearon
January 9, 2024
I highly recommend Mike Parsons as a mortgage broker. I couldn't fault the service provided by UNO. Thanks Mike!
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Taner T
December 20, 2023
Thank you Eren Tan for the amazing service and support. Our Loan was a little tricky and complex for other lenders but Eren managed to get it over the line in record time. His professionalism and dedication to our needs was exceptional. If you need a Loan no matter how complex your situation, make sure you contact Eren at UNO Home Loans.
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Karaipu Brown
December 20, 2023
Buying & selling a house at the same time is very stressful but Scott Wilkinson from UNO home loans made sure we knew what was happening & took most of the stress away. He always kept us up to date and if we had a concern or wanted clarification on something we were able to call him, if he didn’t know the answer straight away he will find out and contact us back.. now we are enjoying our new house and turning it into a home :)
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