Why pay $1,500 more for your mortgage than your neighbour?

UNO home loans

The idea of refinancing your home loan can seem like a major hassle, but the truth of the matter is, sitting on your hands is costing you real money when it comes to your mortgage.

Imagine this: you and your friend *Jim lives next door to each other in homes located on the exact same street, and during a friendly afternoon BBQ you discover something shocking: his loan is cheaper than yours. Substantially cheaper. In fact, even though you both have a similar property and the same home loan amount, he pays $150 per month less than you do. What’s the difference between you and Jim? A little bit of shopping around, a small pile of paperwork, and Jim’s dogged belief that he should never have to pay more for his loan than he needs to. Is your current loan good value? Check your loanScore nowYou see, Jim keeps an eye on his interest rates, and six months ago he went through a home loan refinance so he could get a competitive mortgage deal. He now pays less interest than you, and has lower home loan repayments. The idea of refinancing your home loan can seem like a major hassle, but the truth of the matter is, sitting on your hands is costing you real money when it comes to your mortgage. In the last 18 months, if you haven’t either picked up the phone and asked your lender for an interest rate discount or refinanced your loan, you could be missing out on huge savings.

How much could you save by refinancing your home loan? If you decide to refinance your home loan, you could enjoy big and immediate savings on your home loan repayments. We’ve used our home loan calculator to crunch the numbers – let’s look at a few examples: Refinance calculator table In each of these examples, we assume a 30-year loan term and a mortgage that you’ve had for three years (so there are 27 years to go). Your new loan term stays the same at 27 years when you refinance (although you might have the choice to take out a fresh 30-year-term if you’d prefer). We’ve also assumed a principal and interest repayment. It’s clear that the potential to save money through refinancing is available to anyone with a home loan, so what is stopping you from making the switch? A cheaper home loan might be no further than a quick phone call or click of the mouse away. To see how much you could save by refinancing your home loan, check out loanScore, our mortgage busting refinancing calculator so we can get you started on a better home loan deal today. Book in a quick call with our customer care team.* Jim is an entirely fictional character. Don’t blame poor Jim if you’re paying too much for your home loan – instead, enquire about refinancing today.Photo credit: Blog Next DoorBook a call in with UNO

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What our customers are saying

Symone Macleod

April 28, 2026

Paul and his team were amazing. We were new to Australia from NZ and he was so helpful and we got into our own house with ease. Thanks Paul - would highly recommend

Luke Sandy

April 22, 2026

Couldn’t recommend Mike Parsons highly enough. He’s a great communicator who guided us through every stage of the application and made the whole process feel easy.

Sarah M

April 21, 2026

I cannot recommend Jessica Southerwood enough. She made the experience of purchasing my first home not only smooth and stress free, but genuinely exciting and special. From start to finish, her professionalism, reassurance, and attention to detail made what could have been an overwhelming process feel so enjoyable. She has been an incredible support every step of the way, always available to answer questions, explain the process clearly, and provide guidance with such warmth and care. Her positivity and encouragement truly made a difference, and she was a genuine ray of sunshine throughout the entire journey.

Mitch Crosher

April 20, 2026

Mike at UNO did an outstanding job sorting out my home loan. He went above and beyond for me and would recommend for an easy experience! This is the second time I have used UNO and wouldn’t go anywhere else!

Robbie Smith

April 20, 2026

We were involved with Jess and UNO homes loans on a recent property sale. Jess communicated well and was excellent to work with. If you are looking for a broker I would highly recommend her. She is super proactive

Samand Sabohian

April 13, 2026

Nick was an absolute pleasure to work with from start to finish. From our very first interaction, he demonstrated a high level of professionalism, responsiveness, and genuine care. He took the time to clearly explain each step of the process, ensuring I always felt informed and comfortable with every decision being made What really stood out was his depth of knowledge and attention to detail. No question was ever too small, and he was always available to provide guidance and reassurance whenever needed. His ability to navigate any challenges that arose with ease and confidence made the entire experience feel seamless and stress-free Nick truly goes above and beyond for his clients, and it shows in the quality of his work and the level of service he provides. I felt fully supported throughout the entire journey and couldn’t have asked for a better experience. I would highly recommend his services to anyone looking for someone reliable, knowledgeable, and genuinely invested in achieving the best outcome for their clients

H Fayyaz

April 10, 2026

We couldn’t be happier with the support Nick provided in helping us finalise both our car finance and business loan. He made the entire process seamless and took a lot of the pressure off us. Nick was thorough, proactive, and always one step ahead, ensuring everything was handled efficiently and without delays. He broke things down in a way that was easy to understand and made sure we were comfortable every step of the way. What really stood out was his dedication and commitment to getting things across the line smoothly. It’s rare to find someone who genuinely cares about the outcome as much as he does. Exceptional service from start to finish, highly recommended!!

Hassan Fayyaz

April 10, 2026

We had an outstanding experience working with Nick to settle both our car loans and business loan. From start to finish, he was professional, knowledgeable, and incredibly efficient. Nick took the time to understand our situation, explained everything clearly, and ensured the entire process was smooth and stress-free. His attention to detail and commitment to getting the best outcome for us really stood out. What we appreciated most was his responsiveness and genuine willingness to go above and beyond to make things happen. It’s not often you come across someone so reliable and easy to deal with. Highly recommend Nick to anyone looking for finance solutions, truly a 5-star service!

Joel Painter

April 8, 2026

Paul was an amazing broker to deal with. He went above and beyond to get the result we were all aiming for. Cant recommend enough.

Rebecca David

April 2, 2026

I can’t recommend my mortgage broker Jessica Southerwood and the UNO team highly enough. From start to finish, they made what felt like an overwhelming process so much easier for me. They took the time to truly understand my situation and worked tirelessly to refinance my Investment home loan and consolidate debts into a structure that actually works for me and my family. Not only did they secure us a great rate, but they also gave us clarity, confidence, and a clear path forward with our finances. Their communication was outstanding throughout and always available to answer questions and explain things in a way that made sense. Thanks to their expertise and dedication, I am now in a much stronger financial position and can focus on what matters most for our family. If you’re looking for someone who genuinely cares and delivers results, I wouldn’t hesitate to recommend Jess and the UNO team. Thanks again.

Laura

March 31, 2026

After owning my property for a few years undertaking substantial house renovations I found myself in a situation where I had run out of cash to finish due to rising building costs at the time. I wanted to refinance to free up equity from my home to ultimately finish my house renovations and give me an extra cash buffer. I honestly thought it would be out of reach for me and the sole home owner and was going to be pretty much impossible. However, Mike Parsons from Uno Home Loans found a way to make it happen. He was incredibly thorough and really took the time to explore every option instead of just going with the obvious ones, which made a huge difference to me in the end. Not only that, he also kept me in the loop the whole way through— always checking in, explaining things clearly, what the next steps would and generally made the whole process feel way less stressful than I expected. Thanks to Mike, I was able to free up equity when I didn’t think it was on the cards at all. This has since allowed me to complete some more home improvements which is not only a great feeling but has added more value to my home and my living situation in general. On top of that it has also provided me the extra comfort of having additional cash to support rising monthly living costs. If you want someone who genuinely cares and will go the extra mile to get you a result, then Mike Parsons is your man! I cannot recommend him enough!

Bryan Custodio

March 30, 2026

Complex self-employed deal done incredibly fast. I’m a commercial finance broker myself and have dealt with a lot of brokers. Scott is easily the best I’ve come across. My situation involved multiple businesses and low documentation, which is usually where things get messy, slow, and dragged out. Scott handled it seamlessly. He knew exactly how to structure everything from the start and was clear on what would be needed at each stage, which meant no unnecessary back and forth with the lender. The whole process was smooth, efficient, and far quicker than I expected given the complexity. If you’re self-employed and want someone who actually understands how to get these deals approved without the usual headaches, I’d strongly recommend reaching out to him.

Why pay $1,500 more for your mortgage than your neighbour?

UNO home loans

Try Plans by UNO

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Tips and Tricks to Maximise Your Home Loan (Without Refinancing or Stress)

Unlocking the Defence Home Ownership Assistance Scheme: What ADF Members Need to Know

SMSF Loans: How to Use Your Super to Invest in Property

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