Is your current mortgage still competitive? With rates changing fast, many homeowners are paying more than they need to. Bheja’s free Home Loan Health Check uses CDR product reference data to help you compare your loan, explore refinance opportunities, and see how much you could save — all in minutes.
By refinancing to a lower rate and keeping your repayments the same, you could:
Typical negotiation based
with extra repayments
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.
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
Switch to Fortnightly/Weekly
Effectively make one extra monthly payment per year
Lump Sum Payments
Bonus, tax refund, inheritance
Increase Regular Payments
Even $50-100 extra monthly saves thousands
Request a rate review based on market analysis
Use competitor offers as leverage
Lenders prefer retaining customers
Maximise offset account balance
Keep savings, emergency funds in offset
Strategic use of redraw facilities
Remove Unused Features : Cancel unnecessary annual fees
Add Needed Features : Consider offset accounts if beneficial
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.
to save money on your home loans
