astronaut

Spring clean your finances and ditch that debt

With our states in and out of lockdown, and many of us spending more time at home, Aussies have been rushing to 'spring clean' their home loan. Why? Because Aussies are realising that staying just a little more active on their home loan can mean some seriously big savings.
Meredith Williams
Meredith Williams

Move over Marie Kondo - there's a new organisational trend sweeping the nation - and it's not at all what you would expect.

With our states in and out of lockdown, and many of us spending more time at home, Aussies have been rushing to 'spring clean' their home loan.

Why? Because Aussies are realising that staying just a little more active on their home loan can mean some seriously big savings.

In May alone this year, over 30,000 people have refinanced a record $15 billion worth of mortgages*.

We’ve also had people flocking to us to chase down a better home loan deal, and we have already been able to identify over $456m worth of potential savings for our customers.

So, does paying more than you have to on your home loan spark joy? Well in the immortal words of Marie Kondon, then ‘bin it’. How? With loanScore.

loanScore is an online refinancing calculator that checks the health of your home loan. It’s totally free and you won’t get hassled with cold calls - just alerts when you could be saving money on your home loan. It basically helps you ditch the unnecessary debt.

So before you wheel out the Dyson, put on the rubber gloves and get ready to dust off the old mortgage agreement, take 2 minutes today to check if it's even worth taking action.

Check your loanScore now

You can also use your loanScore results as a negotiation tool with your bank, or if you’re not sure how or don’t have the time to do this, then let us do this for you. Our team of expert brokers would be happy to renegotiate on your behalf - for FREE.

So if you do one thing today to kick start your finance spring cleaning, make it this. With just minimal effort, you could reap some serious rewards.

It can also be a great way to free up some extra cash (see cash out refinance), or even consolidate debt to bring down your monthly payments.

With Christmas right around the corner - there’s no time to waste.

So if you’re ready to get saving, start your online refinance application here.

* Australian Bureau of Statistics - Housing Report, May 2020.

Meredith Williams
Meredith Williams

* Two year fixed rate, owner occupier, P&I package loan with a maximum LVR of 70% and a loan amount >=$150k. 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.