The Active Home Loan Manager

The three wise benefits of refinancing

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


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.


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 savings

Photo by Caley Dimmock on Unsplash

Add a Comment

Cath Fowler

Cath Fowler worked in marketing and business development across a range of financial institutions before becoming a freelance copywriter, to spend more time with her two young daughters. The founder of the Get Money Wise blog, Cath is a homeowner and property investor who enjoys writing about personal finance and property.


You might also be interested in

Lenders roll out emergency bushfire package for affected communities

A number of home loan lenders have announced special measures and emergency packages to assist those affected by the ongoing bushfires.  We have compiled a list of lenders, contact numbers and links to their websites to help you get in touch quickly and get the support you need.  Below is a list of some of

Six terms you need to know to be home loan ready

We asked our team of brokers to break down some of the most common (and misunderstood) terms you’ll hear when applying for a home loan.  1. Liabilities  Liabilities refer to formal ongoing obligations, such as a personal loans and HECS debt, which are separate to day-to-day expenses. Liabilities go on your Veda report (what lenders

With the odds in favour of refinancing, betting on a better home loan has never been easier 

The ‘race that stops the nation’ might be just around the corner but with interest rates at an all-time low and the property market looking up, you’ll have better odds making money by refinancing your home loan.


Get started

Find out if your home loan is any good

Get your loanScore