What is a home loan health check?
A home loan health check is an annual review of your mortgage by a broker who has access to 30+ lenders. We compare your current loan (rate, features, fees) against alternative options to identify whether you could save money, access better features, or restructure your loan to suit your situation better.
Unlike comparing rates online yourself, a health check gives you:
- Access to lenders' best rates (not advertised rates)
- Personalized assessment based on your income type (self-employed, salary, investments, etc.)
- Fee analysis — many borrowers miss hidden fees or expensive features
- Exit cost factoring — we calculate whether refinancing savings exceed break costs
How much can you save?
Savings vary, but they're often more significant than people expect. A typical scenario:
Total potential saving: $296/month ($3,550/year). Savings depend on your current rate, loan amount, loan structure, and market conditions at the time of review.
Real example: One client had been with the same lender for 8 years. A health check revealed their current rate was 0.6% above market, and they were paying an annual $280 account fee (no longer necessary). Refinancing saved them $312/month with zero refinance fees.
What happens during a health check?
The process is straightforward and low-pressure:
- Initial call (15–20 minutes): You provide basic loan details (loan amount, current rate, lender, loan term remaining). We don't need full documents yet.
- Assessment (24–48 hours): We compare your situation against 30+ lenders and model scenarios (lower rate, different structure, etc.).
- Recommendation call (20–30 minutes): We present 2–3 options with estimated savings and next steps. You decide whether to proceed.
- No obligation: If you choose not to refinance, there's no cost and no pressure. You keep your current loan.
Why refinance after a health check? Most borrowers refinance when: (1) they find a rate 0.3% or lower, (2) they can reduce fees, (3) they want better flexibility (e.g., split fixed/variable), or (4) their circumstances have changed and a new loan structure fits better.
Who should get a health check?
Anyone with a home loan should consider an annual health check. It's especially valuable if:
- You've been with the same lender for 3+ years
- You're on a variable rate (rates move frequently)
- Your circumstances have changed (self-employed now, refinanced earlier, income increased)
- You're paying a high annual fee
- You're unsure whether your loan structure still fits your needs
Your mortgage should work *for* you, not against you.
Many borrowers stay with their current lender out of inertia, even when better options exist. An annual health check takes 30 minutes and could save you thousands. The only cost is your time — the review is free.
Book Your Health Check →Home loan health check questions
A home loan health check is an annual review of your mortgage. We compare your current loan against 30+ lenders to identify better rates, lower fees, or more flexible terms. The goal is to save you money or improve your loan structure.
Savings depend on your current rate, loan amount, and market conditions. Typical savings range from $50–$300+ per month when refinancing. Some borrowers also reduce fees, access better features, or restructure their loan to suit their situation better.
Yes. The initial health check and recommendation are completely free. If you choose to refinance, there are no broker fees — we're paid by the lender, not by you.
We review your current mortgage (loan amount, rate, features, fees), assess your financial situation, then compare against 30+ lenders to find better options. We present recommendations and explain your options — you decide whether to proceed.
The initial assessment takes 24–48 hours. If you decide to refinance, full approval typically takes 2–4 weeks depending on the lender and property valuation.
No. Have your home loan statement handy during the conversation, but we can work with basic details. We'll request full documents only if you decide to move forward with a refinance.
An initial review doesn't trigger any credit checks. If you choose to refinance, the new lender will conduct a hard credit inquiry, which is a normal part of the process. One inquiry typically has minimal impact.