“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.
As Australia’s only Active Home Loan Manager, the UNO team spend our time watching:
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.
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.
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.
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.
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: