Is Your Home Loan Costing You Thousands? It’s Time for a Health Check.

Think about your car. You get it serviced regularly to make sure it’s running efficiently and to catch small problems before they become big, expensive ones.

Now, think about your home loan. It's likely your single biggest financial commitment, yet most people adopt a "set and forget" mentality. They sign the papers and don't look at their loan again for years. This common mistake could be quietly costing you thousands of dollars every year in unnecessary interest.

This is where a Home Loan Health Check comes in. It's a simple, no-cost review of your current mortgage to ensure it's still the right fit for you and that you're not paying more than you should be.

What Exactly is a Home Loan Health Check?

A Home Loan Health Check is a complimentary service we offer to assess your current mortgage against the wider market. It's a quick, straightforward process designed to give you clarity and confidence in your financial position.

We look at three key things: your interest rate, your loan features, and your financial goals.

Why Bother? The 'Set and Forget' Trap

The financial landscape is constantly changing. The great deal you got three years ago might be uncompetitive today. Here’s why a regular check-up is crucial:

• The Loyalty Tax is Real: Banks often save their sharpest rates for new customers, leaving existing, loyal customers on a higher rate. We check if you're being penalised for your loyalty.

  
  

• Your Life Changes: You might have had a pay rise, started a family, become self-employed, or are thinking about renovating. Your loan structure from five years ago may no longer suit your life today.

  
  

• The Market Changes: Lenders are always changing their policies, releasing new products, and offering special deals or cashback offers to win new business. Are you missing out?

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What Happens During a Home Loan Health Check?

The process is designed to be easy and stress-free for you.

Step 1: Our 15-Minute Chat.

We start with a quick, informal conversation. We'll briefly cover:

• Your current loan details (lender, balance, interest rate).

• Your financial goals (e.g. pay off the loan faster, reduce repayments, access equity for an investment).

• Any changes in your circumstances.

  
  

Step 2: My Homework

This is where we, at ufirst Finance do the heavy lifting. We take the information from our chat and use our expertise to:

• Compare your current interest rate against hundreds of loan products from a panel of over 30 lenders.

• Assess whether your loan features (like an offset account or redraw facility) are being used effectively.

• Identify lenders whose policies are a good match for your specific situation.

  
  

Step 3: Your Options, Explained Simply

We'll come back to you with a clear, easy-to-understand summary. This will show you:

• If your current loan is still competitive, giving you peace of mind.

• Or, if there's a better option available, I'll present a clear cost-benefit analysis. This will show you the new rate, any potential fees to switch, available cashback offers, and your total net savings per month and per year.

  
  

There is absolutely no obligation to proceed. Our goal is to empower you with information.

Key Questions Your Health Check Will Answer:

• Am I paying too much interest? The number one question. We’ll give you a definitive yes or no.

• Is my loan structure still right for me? Do you need an offset account? Should you split your loan between fixed and variable rates?

• Can I access the equity in my home? Find out how much you can borrow for a renovation, an investment property, or to consolidate debt.

• Could I be debt-free sooner? We can show you how a lower rate or better structure could shave years off your mortgage.

• Is refinancing the right option?

When Should You Get a Health Check?

It's a good idea to get a refinance review if:

• Your fixed-rate period is ending in the next 6 months.

• You haven't had your loan reviewed in the last 18 months.

• You're experiencing a major life change (new job, baby, marriage/separation).

• You want to renovate or invest and need to access funds.

• You simply feel like your monthly repayments are too high.

  
  

Your Path to Financial Confidence

Your home loan shouldn't be a source of stress. A quick, free, and no-obligation Home Loan Health Check can provide the peace of mind that you're on the right track or reveal an opportunity to save a significant amount of money.

Ready to find out if your loan is in good shape? Contact us at ufirst Finance.

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