How to refinance your home loan sorted in 3 easy steps

Experience a stress-free home loan refinance with our handy 3-step process. Visit our website to plan your next refi the uno way. Fast, easy and stress-free.

How to refinance your home loan

Refinancing is a relatively simple process that allows you to do a number of things.

You might refinance to get a better rate, lower your monthly repayments, access the cash (equity) in your home, consolidate debt, adjust the loan term, or switch from a variable rate to a fixed rate (or vice versa).

In this guide, we break down the three steps to follow so you can go from dreamer to do-er – and potentially start saving thousands.

How to refinance a home in 3 key steps:

  • Get the documents you’ll need to verify your income, expenses and liabilities ready
  • Make a list of your assets, and their current value
  • Find the right deal, and apply

Step 1: Get the documents you’ll need to verify your income, expenses and liabilities ready

When you contact uno about refinancing your loan, we’ll ask you a few questions about your financial situation, such as your income and how much you spend each month. We’ll ask about any personal loans you have, credit card debt or store cards. (Yes, that includes that Samsung 65″ Series 7 Premium Ultra HD LED / LCD Smart TV you just purchased on Afterpay.) Any commitments such as this are considered liabilities by lenders.

What you’ll need:

  • Evidence in the form of payslips
  • Your last group certificate
  • Three credit card statements

Step 2: Make a list of your assets, and their current value

Next we’ll enquire about the value of the property you’re refinancing, your car, the superannuation balance of you and your partner (if you have one) and look at any savings you might have. We’ll ask about any investment shares and managed funds you possess, the value of any other real estate assets (if you’re lucky enough to have them, these days!) and whether you have home contents insurance.

What you’ll need:

  • Super statement
  • Savings account statements
  • Proof of shares and funds

Step 3: Find the right deal, and apply

UNO can then search through thousands of home loan rates offered by our 20+ lenders and help you choose the best mortgage for you. Once you’ve selected one, you’re ready for pre-approval. From the time of lodging your mortgage application, getting pre-approval for a loan can take up to 10 business days. However, at uno we have some lenders that can give us an answer within 48 hours. As an online mortgage broker, we strive to get you pre-approval as quickly as possible so you can start the refinancing process stat.

What you’ll need:

  • Photo ID such as a driver’s licence or passport
  • An arm to pinch when you marvel at how absurdly easy that was

You can also read more about how fast you can get a home loan pre-approval.

UNO's household financial waste Report shows Australians are wasting an estimated $4.2 billion annually on non competitive interest rates and ineffective savings tactics. The report also looks at what savings Australian households could make if they made some changes. Per household, consumers in New South Wales stand to gain $1,300 back in lower interest payments in the first year should they switch to a better home loan, while Victorians could gain back $1,200, according to the report.

Download the Household Financial Waste Report

When Is The Right Time to Refinance?

Savvy families and investors look at loan refinance as a powerful tool they can use to manage their finance or take advantage of a good opportunity.

Some common scenarios are:

  • A lower interest rate comes along that could save them thousands over the life of their loan.
  • They want to convert equity into cash so they can invest in something else, like a business or a rental
  • Their existing loan does not have a feature they want such as a redraw or an offset account
  • They want to lower monthly payments to manage their cashflow
  • An investment property has become their primary residence or vice versa
  • The loan holder wants to fix their rate because they believe rates may rise

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100% Rockstar. We found Paul and Uno Home Loans from recommendations from people who had used his services. We know understand why he comes so highly recommended. We definitely put Paul and his team under pressure due to an oversight our end which meant that he had to don his superman cape and work miracles for us. We didn't appreciate the very very short window we created for ourselves (think less than two weeks for settlement). Paul was able to wave his magic wand, come up with multiple solutions to our situation and make it all happen seamlessly. It goes without saying then, without reservation that we recommend Paul and his team as our trusted mortgage advisor! Thanks again Paul. *****The limoncello is on route we promise :)
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Our entire process with Uno went very well. We had a unique set of requirements for our loan and our super friendly broker Mike Parsons managed to secure us the perfect outcome. Mike also worked above and beyond our expectations to make sure the whole process of completing the documentation of switching banks went smoothly.
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The service recieved from Paul was fantastic. He made the whole process stress free & easy. We started the process from NZ & Paul had everything ready for approval as soon as we landed in Aus. I would highly recommend Paul if you require a mortgage. You won't be dissapointed.
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Peta Hemmings
May 13, 2025
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Paul has been amazing throughout our entire home loan process, we have recommended him to many of our family and friends. He has been extremely helpful and professional right from the beginning.
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Ryan Whittle
May 12, 2025
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Highly recommended, Paul and his team made the process very streamlined delivering the best possible results.
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Tiana Perez
May 10, 2025
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Paul and Dalby were incredible to deal with, from the first interaction with Paul a few months prior, to getting approval to purchase, through to the last minute helping us with the final settlement details. Their communication was second to none and they truly went the extra mile. Paul managed to get us more borrowing power than dealing with the bank directly. I couldn't recommend Paul and his team enough. Paul and Dalby, thank you so much for putting hours and hours of work into our application. We really appreciate it!
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Nicholas Violaris
April 14, 2025
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Can not recommend UNO Home Loans enough, Scott Wilkinson and his team have helped us get a home loan in no time and they have been a breeze to deal with, great job guys, looking forward to working together more in the future
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Lahnie Cooper
March 26, 2025
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Jake Wood was a pleasure to work with and made this process extremely easy for me! I highly recommend Jake and the team at Uno.
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Daniel Demosthenous
March 18, 2025
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The team at UNO were absolutely fantastic at helping me set up and organise my new property purchase, Andrew answered all my questions promptly and went over and beyond to reassure me at any stage with his abundance of knowledge of the matter, also a big thank you to Dalby and Jena for helping with the process as well.
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February 20, 2025
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Scott Wilkinson and the team at Uno Mortgages were exceptional to work with. They were proactive, took the initiative at every stage, and kept us well-informed throughout the process. Their patience and relaxed approach made everything feel seamless, and we truly felt supported in achieving the best outcome for our needs. We highly recommend Scott and the Uno team for their professionalism and dedication!
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Jaio Seto
February 19, 2025
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Paul is great to deal with, he made the whole process super easy!
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