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

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 tableIn 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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Dylan Aubrey
May 31, 2025
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Jesse did a great job with helping me secure my loan, will be using him again in the future
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Tom Deal
May 30, 2025
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This is the second time I’ve worked with Mike Parsons, and I wouldn’t go anywhere else for mortgage advice. He’s extremely knowledgeable, responsive, and always happy to help. Mike takes a consultative approach, presenting clear options and making the whole process stress-free. Friendly, professional, and genuinely invested in getting the best outcome. Highly recommend and will definitely use him again!
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May 27, 2025
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Paul was amazing to work with. He went out of his way to help us with every last question. He sorted everything out for us, was a wealth of knowledge in terms of who else to use to support us in the buying process. He made moving from New Zealand so easy. He explained everything to us in an easy to understand way. He really worked for us!!! Plus he's such a lovely funny guy, super approachable. Super responsive, has a great team. Totally took care of us in the whole process. I can't wait to use Paul again and would recommend him to every kiwi moving over and all our aussie friends :)
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Matt Carter
May 21, 2025
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Paul from Uno has been amazing. Made it so easy! Highly recommend and made the finance process much more enjoyable experience for us.
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Timothy Semsarian
May 17, 2025
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UNO went above and beyond to help my wife and I with our home loan and settlement. Couldn’t recommend them enough - Jake Wood was an absolute legend! Kept us informed during the whole process and was very thorough with his work, even with a very tight timeframe. Thank you again for all your help, and looking forward to continue using your services!
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Patti Jo Mogensen
May 16, 2025
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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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Lani Wards
May 13, 2025
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Paul Davey worked very hard to get us the mortgage we required for our investment property. He is knowledgeable and approachable. Thanks Paul!
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Michael Badham
May 13, 2025
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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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Vanessa Koster
May 13, 2025
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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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