Could I save money if I refinance my current home loan?

Yes, but how much you save on your mortgage payments through refinancing depends on a number of factors.
uno home loans

Yes, but how much you save on your mortgage payments through refinancing depends on a number of factors. uno will help you find the right home loan to match your financial goals, but it’s not as simple as choosing the loan with the lowest monthly interest rate. If you refinance and pay a lower rate, it’s vital that you match the length of your original home loan – you don’t want to be paying less but over a much longer period. If you switched from a loan with 22 years remaining, for instance, it’s vital to make the new home loan over 22 years – not 25 years. Sure, you might pay a lower monthly payment straight away but you’ll end up paying more interest over the entire length of your original and refinanced loans.

Calculate how much you could save by using uno’s refinance calculator here.

uno home loans
* Three year fixed rate, owner occupier, P&I loan with a maximum LVR of 95% and a loan amount >$150,000. Lender rates and products may change. We cannot suggest you remain in or switch to any loan until we complete our assessment. Fees and charges apply. ^ WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. The comparison rate is calculated on the basis of a loan of $150,000 over a term of 25 years. ± All loan applications are subject to uno assessment and lender approval. uno does not guarantee that it will be able to find a customer a better loan than the one they currently have or to save them money.