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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Mark
January 10, 2025
5 stars for our service reviews from clients
We were recently approved for finance with Scott Wilkinson at UNO Home Loams. Scott was friendly and professional the whole way through the process and obtained the finance for us when many others had said they wouldn’t be able to. Thanks to Scott we were able to get everything done and settled in quite a short amount of time considering the complexity of the deal. We knew where we stood the whole way and no details were hidden or forgotten . Thanks Scott you are highly recommended by myself and my Wife.
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Lise Ioane
December 30, 2024
5 stars for our service reviews from clients
Paul Davey and the team were amazing! As Kiwi's who have moved to Australia I wanted to use someone back home or who had experience with helping FHB in Australia. Paul answered all of our questions in a timely manner and helped us to secure the home loan and move into our new home. We had a few meetings with Paul and he did all the the work so us, we just filled in the required paperwork and he and the team did the rest. We dealt with Dalby for the last part of the process and he was also amazing! Highly recommend Paul and the team! Thanks Paul, Dalby and the team and UNO Home Loans.
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Neil Venkataramiah
December 20, 2024
5 stars for our service reviews from clients
Mike Parsons: Working with Mike was amazing. My wife and I were a couple from Sydney that had a 7 year stint overseas. On moving back, our loan had gone from Interest Only to Principal and Interest. The challenge: to get 2 recently re-patriated Aussies on an Interest Only loan. With only 1 year of Oz financials. And with income from an overseas company. We had equity in our property, but the ability to service was the issue. A very tough brief. Step in Mike. He contacted all his lenders, knowing that this was a unique situation. He never let up and followed through with calls and whatsapps at every stage of the process. We simply could not have got our Interest Only loan if it wasn’t for Mike. I highly recommend Mike for any loan or re-finance that you’re looking at. His attention to detail and ability to find creative solutions is second to none. And most importantly - he's a good guy that will guide you through the whole process in what can be a stressful time. Steph and Neil
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Philip Smith
December 20, 2024
5 stars for our service reviews from clients
Mike Parsons provided my wife and I outstanding service for our home loan. I have never dealt with someone who is so helpful and goes the extra mile and provides such excellent service the way Mike did. Highly recommend Mike as your broker for all investment/home loans you won’t be disappointed.
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Gemma Smith
December 19, 2024
5 stars for our service reviews from clients
Mike Parsons was truly amazing when he organized our home loan. He offered service that far exceeded my expectations. He was on top of everything and was very organised. He has a true “do it now” attitude and ensured everything ran smoothly. He went above and beyond to make sure everything was in place. He was always contactable (even when he was on holidays!). Keeping us up to date at every step and his communication was great! Would VERY HIGHLY RECOMMEND Mike!
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Stéphane Aumont
December 19, 2024
5 stars for our service reviews from clients
Highly recommend Mike - great service, very responsive and helped us through the whole process from product selection, approval all the way to settlement. Mike is supported by a great team at UNO
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David Thorn
December 17, 2024
5 stars for our service reviews from clients
I had a fantastic experience with UNO Home Loans. I want to personally recognise the work of Mike Parsons from UNO. Mike went above and beyond in helping me navigate and select a lender his attention to detail, knowledge of the Market, Excellent Communication skills matched by a patient and friendly personality made the whole process simple and painless. Thanks Mike and thanks UNO
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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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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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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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