Our research has uncovered some uncomfortable facts about how little action most borrowers take to maintain a healthy home loan.
Five years is a long time! In that time, a number of factors might have changed (rising or falling interest rates, rising or falling house prices, your job situation etc) that will have impacted how good that loan is today.
By not checking on your loan and doing something to change it if it’s no longer in good shape, you could be costing yourself a lot of money. We estimate Australians waste more than $4bn a year in excess interest paid on their mortgages.
That’s why UNO has pioneered Active Home Loan Management.
active home loan management means UNO is taking an active approach to making sure you have the best loan out there for your circumstances.
By keeping an active eye on your interest rate, comparable to other rates out there in the market, UNO makes sure you know you’re still on the best rate. And if you’re not? UNO makes sure you know that also.
We are invested in fighting home loan waste for you.
There are three stages to UNO’s Active Home Loan Management service:
First, you sign up to loanScoreTM, UNO’s unique technology that can check your loan against thousands of other home loan products in the market. You let us know how much you’d like to save, so we have a better idea of which rate products are going to suit your needs.
Secondly, when a rate (or rates) becomes available that will enable you to hit your savings threshold, we send you an email to let you know.
Finally, with your approval we negotiate a better deal with your lender to make sure you get that better rate – or switch you over to a better deal with an entirely different lender.
Already, loanScore customers have been shown to have a potential median 3-year saving of $10,901.
So, sit back and let UNO fight home loan waste for you. We’ll help Australians fight home loan waste today and for the whole time they have a home loan.