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FREE Home Loan Health Check Australia
Get a FREE Home Loan Health Check and save THOUSANDS!
When was the last time you reviewed your mortgage interest rate? Do you know how much equity you have in your home? How healthy is your home loan? Your house could be due for a home loan health check.
Gold Coast home loans are getting more expensive to service with cash rate hikes we have seen in 2023. To make sure you are still getting a competitive rate, better get your home loan health checked ASAP.
What is a home loan health check?
A home loan health check is an assessment of your existing mortgage to determine whether you could be saving money on your repayments. It’s a comprehensive review of your mortgage, which considers various factors such as interest rates, loan terms, and fees.
A home loan health check can help you understand your current loan structure and identify areas where you could be getting a better deal.
During a home loan health check, a mortgage broker Gold Coast will analyse your mortgage agreement and look for potential ways to reduce your monthly repayments. They may also identify any fees or charges that you’re paying that could be avoided or minimised.
The purpose of a home loan health check is to ensure that you’re getting the best possible deal on your mortgage and to provide you with options for reducing your expenses.
What is a home loan health check?
Save THOUSANDS
Reveal areas where you can potentially save money on your mortgage, such as through refinancing, negotiating lower interest rates or reducing fees.
Improved loan terms
Identify ways to improve your loan terms, such as by extending your loan term or fixing your interest rate.
Better budgeting
Understand your current loan structure and how much you’re paying each month to create a more accurate budget.
Mitigate mortgage stress
Improve your overall financial wellbeing when you identify ways to reduce your monthly repayments via a home loan health check
Enhanced financial literacy
Gain a better understanding of your mortgage and how it works with the help of a finance broker Gold Coast
No more overpaying on your mortgage
Identify any instances where you may have overpaid or are currently overpaying on your mortgage, and stop this from further happening to you
How our FREE home loan health check works
When a refinance mortgage broker such as myself performs a home loan health check for you, expect us to check loan:
- Interest rates and compare them with current market rates to see if you can save money when you refinance home loan
- Features to check if they are being used effectively, or if you have all the necessary features you need
- Contract to identify any fees or charges (e.g., annual fees, early termination fees) and advise you on how to minimise or avoid them.
- Term to see if it is appropriate and whether or not there are benefits to be gained from extending or shortening it
- Repayment amount and assess if it can be reduced by comparing it to home refinance loan rates
- Equity in your home and evaluate if there’s enough of it for you to access additional funds for renovations or other expenses.
Sign up for a home loan refinance with Professional Lending Solutions
FAQs on Home Loan Health Check
A home loan health check can help you identify potential cost savings, improve loan terms, better understand your loan structure and payments, reduce financial stress, increase financial literacy, and gain access to expert advice.
You typically need to compare loan options from different lenders, select a loan that suits your needs, apply for the loan, provide the required documentation, and settle the loan. A refinance mortgage broker will absolutely make this process quicker and easier for you.
A cashback deal is an incentive offered by some lenders to attract new customers or encourage existing customers to refinance. It involves receiving a lump sum payment upon settlement of the loan.
Refinancing can help you to save money on interest, reduce monthly repayments, access equity in your home, consolidate debt, and switch to a more flexible loan structure.
The amount of cashback you can receive varies depending on the lender and the type of loan, but it typically ranges from a few hundred to a few thousand dollars. You can use this amount to offset the initial costs of refinancing (i.e., if you have to pay processing and/or break fees, etc)
Yes, cashback deals often come with conditions such as minimum loan amounts, a requirement to remain with the lender for a minimum period, or restrictions on the loan product.
A very likely course of action to take after a home loan health check is for a homeowner to consider refinancing their home loan. The refinancing process can take anywhere from a few weeks to a few months, depending on the lender, the complexity of the loan, and the documentation required.
We recommend getting a home loan health check at least once a year or whenever your financial circumstances change.
Yes, you can refinance with your existing lender, but you should still compare their offers with those of other lenders to ensure you’re getting the best deal.
Refinancing can have a temporary negative impact on your credit score, as lenders will conduct a credit check during the application process. However, if you make repayments on time and maintain a good credit history, your credit score will recover.
Using a mortgage broker can be beneficial, as they have access to a wide range of lenders and can provide you with expert advice on the best loan structure to suit your individual circumstances.
5-star reviews from happy clients!
Phil was amazing to work with, very knowledgeable and was a stress free process to refinance my loans. Would highly recommend his services.
Phil was recommended to us and we could not be happier with the result we achieved having him by our side for the sale of our home and the purchase of our new home.Phil was incredibly prompt, honest and professional. He addressed every single query (and there were MULTIPLE) in such a timely manner. Phil helped map out the nitty gritty details from the get-go with honesty and his professional opinion so that when we decided to go ahead and buy in this current market, instead of waiting, we were able to achieve settlement in such a tight timeframe (21 days to be exact). We will DEFINITELY be approaching Phil in the future and are 110% more than HAPPY to recommend him to friends and family. Jenny, thank you for being the behind-the-scenes magician during our entire journey. We are very appreciative of your hard work (especially in the moments right before settlement).
I have been using Dean for all my financial requirements for a few years now, along with others in my family. He has become our family finance guy. He always finds the right deal, gives great advice and makes the journey easy. I recommend to anyone !
I was recommended the service of Phil through my Real estate agent.,if you need assistance with your home lending please go and see Phil, exceptional service and with his corporate Banking background he understood our finance need and was able to recommended the right product for us.Thank you Phil & team
Phil was brilliant. The turnaround for our re-mortgage was very quick, and Phil made the process seamless. Would recommend 10/10.
Phil & his team are amazingThey supported us through buying our first home in Australia, they were always on hand to answer our many questions either via email, phone or in person.Super professional but also down to earth and friendly- would 100% recommend
I cannot express how grateful I am for the exceptional service I received from Phil during my journey to buy my first home. From the very beginning, his dedication to guiding me through the complex process of obtaining a mortgage was truly remarkable.Phil demonstrated a level of honesty and transparency that I never expected from a mortgage broker. He patiently walked me through all the available options, explaining every detail in a way that made sense. His expertise gave me confidence in the decisions I was making.What truly set Phil apart was his commitment to my best interests. He went above and beyond to find a loan that was tailored to my financial situation, ensuring that I wasn't taking on more than I could handle. His advice was always genuine and well-informed, and I never felt pressured into making any decisions.Throughout the entire process, Phil was incredibly responsive. He promptly answered all my questions, no matter how big or small. It was evident that he genuinely cared about my experience and wanted to see me succeed in securing the best mortgage for my new home.I cannot recommend Phil highly enough.
Phil and the team at Professional Lending Solutions worked with us efficiently to help us secure our family home. The team kept us informed and helped us every step of the way. Our experience with Professional Lending Solutions was fantastic and I would highly recommend!
This business does a very professional job and made the whole process of our financial application smooth and easy. Phil also was very responsible and respectful and i felt we could trust him and his process as well. Highly recommend this broker!
As a first home buyer the whole process was a bit daunting. Phil and the team were in real and simplified the lot. They really went to battle with the banks for me (being self employed) and got me the best possible outcome. Can’t recommend them high enough !
Phil and his team went above and beyond with the service they provided.I have been a long term client of PLS as I could not find a house that met my budget.Phil was very understanding as he listened to all my questions I had to ask. He provided me honest feedback which made me feel safe and comfortable that I made the right choice in choosing him.Because it was my first time buying, PLS answered every question I had without frustration or judgement as they had to explain things to me once, twice and something a third.It was a very stressful life decision that should not be taken lightly and with Phil and his team behind you, you will never be made to feel as if you made the wrong choice with choosing them as a Broker.Many thanks once again.
We couldn't recommend Phil and his team enough. They were amazing and so helpful through the whole process. Having only moved to the country 6 months prior it was a stressful situation for us but they made it so easy and stress free. Will definitely use them in the future if need be!!
Phil and the team from Professional Lending Solutions were very easy to work with and as with the name states were very professional!For clarity I’ve known Phil for many years and I’ve seen how he was able to help others get into their first homes and even second homes. It was now our time for the team to help us.We had many questions and were able to get all the answers we needed to make the right decisions.If your looking for a professional team that takes the time to explain all the processes, keeps you informed and gets things done then take the time to give them a call to see how they can help make your dreams a reality!
We went to see Phil to refinance our home loan and consolidate our loans. Phil was full of information and very professional. We couldn't believe how quick Phil had got everything done for us. So thankyou very much Phil we would definitely be referring family and friends.
Phil, Jenny and the team at Professional Lending Solutions were more than what we could of hoped for. Very informative and were there through every step of the process. We couldn't done it all without them. I cannot recommend them highly enough. Every single one of the team is friendly and totally professional and helped put us at ease through every step.Thank you!
We were reccomended Phil and his team from word of mouth (people I work with). As first time buyers we had many questions and alot of learning to do. Phil and his team were always a email or phone call away and were happy to answer all the questions we had. The process was easy from our very first face-to-face meeting and we felt confident in putting our trust in this team. Thank-you so much for starting us on a property journey. We would highly recommend their business! Pete and Marie
Phil & his team were absolutely amazing through the whole process of buying our home. They were happy to answer any and all of our questions no matter how silly they were and guided us through the whole process. They made buying our home stress free and let us enjoy all the excitement without having to be concerned about all the small details.If you are looking to buy a house or even just considering it you should definitely give Phil and his team a call. They will get you right on the path to your home.
Phil got our first home loan 8yrs ago when we thought we couldn't and since then we've refinanced several times to ensure best rates as well as a business car loan. Always a personal approach, highly recommended.
The best brokers in the business.Phil and the team at PLS went above and beyond to help us refinance our mortgage and find the best solution for our circumstances.Phil is professional and fantastic to deal with.Highly recommended!
Very happy we went with Phil and his team, being our first home we didn’t know what to do or understand a lot about buying a property we just knew we wanted one and Phil and his team walked us through every step and made it easy! Would 200% recommend
Mel, Phil and the team at Professional Lending Solutions were simply amazing. Nothing was too much of a hassle. They made the whole experience extremely easy, stress free and had it approved within 3 days. We couldn't be happier with the service and would highly recommend their business! Will be using again!
Phil was incredibly helpful, patient and honest throughout the entire process of re-financing. I appreciated his thorough and detailed answers to my questions, as well as his amiable nature. He was open and spoke with great candour, ensuring the entire process was simple, stress free and, straightforward. All in all a top bloke and skilled broker who I would certainly recommend. Thanks again!
You should use Phil and the team at Professional Lending Solutions! We have used them a couple of times and they make it so much easier to manage the mortgage process - and know you’re getting the best personalised deal. Phil is so lovely and very responsive. Will be using them again.
We recently went through the often stressful process of selling our home and purchasing another. Phil and his team came up with the best tailored finance solution for our situation and were always on hand to provide guidance around the process from start to finish.I couldn’t recommend Professional Lending Solutions any higher, they were simply superb to deal with!!!!
Many thanks to Phil and the wonderful Professional Lending Solutions team! Having Phil in our corner for our financial needs has played a key role in securing the appropriate home loans for us. Highly recommend!
Phil Verheijen has been fantastic in providing advice on all matters of the lending system for purchasing my first property. I can highly recommend Phil as he is genuine and professional. Also his friendly team were extremely helpful.
Professional Lending Solutions were absolutely amazing. After several bad experiences with other brokers in the past. These guys were straight to the point, very professional, excellent customer service and got our loan approved so quickly. They provided support and advice before and after the purchase of our home.Highly recommended.
Dealing with Phil and the team at Professional Lending Solutions was amazing.Absolutely incredible communication and professional support and advice throughout.Phil was happy to answer all our questions and explained the process to us with great detail.If you ever need a good broker please do yourself a favour and see Phil. You will not be disappointed. Thanks again Phil and the team at Professional Lending Solutions. Keep up the great work.
