Get Your Free Home Loan Health Check

Is your home loan still working as hard for you as it should be? In today's dynamic market, paying too much on your mortgage could be costing you thousands. Our intuitive Home Loan Health Check tool makes it easy to quickly assess your current loan's performance and discover opportunities to save.

Home Loan Health Check Calculator

Quickly see if your home loan is still working for you — find out in just a few steps.

Tell us about your loan

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When Should You Consider Performing a Home Loan Health Check?

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Time based and regular intervals

  • Annually: Even without major changes, annual reviews catch better deals.
  • Every 1-2 Years: Market conditions and lending policies shift significantly Market Changes.
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Market Changes

  • RBA Rate Changes: Cash rate movements impact variable and fixed rates.
  • Competitive Rates: Other lenders advertising lower rates signals opportunity.
  • Increased Competition: Special offers and competitive rates for new customers.
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Loan-Specific Triggers

  • Fixed Rate Expiring: Critical time before reverting to higher variable rate
  • Interest-Only Ending: Prepare for increased principal and interest payments
  • Old Loan (3+ years): Loyalty doesn't pay off - newer rates often better
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Personal Financial Changes

  • Income Changes: Higher income enables better products; lower income needs adjustment
  • Improved Credit Score: Better credit history qualifies for competitive rates
  • Reduced Debts: Paying off other debts improves loan eligibility
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Major Life Events

  • Family Changes: Starting or expanding family affects expenses and income
  • Marriage/Separation: Dramatic financial changes require mortgage review
  • Approaching Retirement: Consider conservative products or debt reduction
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Property Related Reasons

  • Property Value Increase: More equity enables better rates and investment options
  • Home Renovations: Access equity for improvements through refinancing
  • Investment Property: Optimise overall financial structure for portfolio expansion
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Why Optimise Your Current Loan?

A home loan health check isn't just about finding a new lender. You can significantly improve your mortgage's performance by working with your existing lender, avoiding the complexity of refinancing.

Actions you can take NOW

(Without Switching Lender)

A home loan health check isn't just about finding a new lender; it's also about optimising your current loan. Even if you don't want to refinance or switch providers, there are several powerful strategies you can employ with your existing lender to improve your mortgage's health. Here's what you can do:
Actions You Can Take During

Negotiate Your Rate

  • Request a rate review based on market analysis
  • Use competitor offers as leverage
  • Lenders prefer retaining customers

Adjust Payment Frequency

Switch to Fortnightly/Weekly

Effectively make one extra monthly payment per year

Make Extra Repayments

Lump Sum Payments

Bonus, tax refund, inheritance

Increase Regular Payments

Even $50-100 extra monthly saves thousands

Optimise Offset Accounts

  • Maximize offset account balance
  • Keep savings, emergency funds in offset
  • Strategic use of redraw facilities

Review Loan Features

Remove Unused Features : Cancel unnecessary annual fees

Add Needed Features : Consider offset accounts if beneficial

Change Repayment Type

Consider Carefully

Principal & Interest ↔ Interest-Only : Discuss with lender or broker for long-term implications


By actively engaging with your current lender and utilising these strategies, you can significantly improve the financial health of your home loan without the complexity and paperwork associated with a full refinance.

Potential Savings Impact *

By refinancing to a lower rate and keeping your repayments the same, you could:

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Interest Rate Reduction

0.25% - 0.50%

Typical negotiation based

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Time saved

2-5 Years

with extra repayments

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Interest savings

$10k - $50k+

Over loan lifetime


*The information provided is general in nature and based on hypothetical scenarios. Actual savings, time reductions, and outcomes will vary depending on your loan amount, term, interest rate, and repayment behaviour. Always check with your lender, mortgage broker, or use a loan calculator to understand what applies to your personal situation.