Construction Loan

on the Sunshine Coast

Home loan health check img 1

Get A FREE Home Loan Health Check Today

Unlock Savings, Optimise Your Home Loan!

Many Aussies get stuck paying too much for their home loan with a “set and forget” approach to their mortgage. If you haven’t reviewed your home loan in a while, you could be paying too much interest compared to other homeowners.

Reviewing the state of your home loan could mean saving thousands in extra interest every year. As it is generally the biggest monthly expense people have, we suggest you have a FREE home loan health check done with a professional mortgage broker once a year.

Home loan health check img 1
Home loan health check img 2

Have you had a home loan health check?

A mortgage health check, also known as home loan review or home loan health check is a process where your home loan is reviewed by a professional mortgage broker to check if it still best suits your current personal and financial situation. It’s a quick and simple check-in with your mortgage broker and we do all the heavy lifting for you to ensure you have the best home loan for you. There are no rules on having to stay with the same lender your entire mortgage, or, how many times you can review your home loan.

As circumstances change like new loan products constantly being introduced to the market, interest rates fluctuating for all types of home loans, or your lifestyle and priorities shifting, the original deal may no longer be ideal for your needs.

A home loan check can help you evaluate things and make better, informed decisions.

Home Loan Health Check Australia: what does it look like?

While the specific process may vary depending on the mortgage broker or financial institution conducting the review, here are some common elements typically included in home loan reviews:

Evaluation of loan terms:

The review examines the terms and conditions of your current home loan, including interest rate, repayment frequency, loan term, and any specific features or benefits associated with the loan.

Comparison of interest rates:

The existing interest rate on your home loan is compared with current market rates to determine whether there are better options available. This analysis helps identify potential savings any beneficial home loan refinance offers if you were to refinance.

Assessment of repayment options:

The review looks at your current repayment structure and evaluates whether there are alternative repayment options that may better align with your financial goals and preferences. This could include options such as making extra repayments, setting up an offset account, or switching to a different repayment frequency.

Examination of loan features:

If your current loan includes features like redraw facilities or offset accounts, the review analyses how effectively you are using these features and whether there are other loan products in the market with more beneficial features.

Consideration of loan flexibility

The review assesses the flexibility of your existing loan, such as the ability to make changes to the loan structure, access additional funds, or switch between fixed and variable interest rates. It helps determine if there are loan products available that offer greater flexibility to meet your changing needs.

Analysis of overall costs:

The review considers the overall costs associated with your current loan, including any fees, charges, or penalties for early repayment. It weighs these costs against potential savings that could be achieved through refinancing.

Personalised recommendations:

Based on the findings of the review, our mortgage brokers will provide you with options to refinance, switch lenders, renegotiate terms with the current lender, or retain the existing loan if it is deemed suitable.

Why you need a home loan health check TODAY

As regular home loan health checks allow you to turn every stone of your home loan, it gives you a lot of opportunities to:

Home loan health check icon

Save on interest rates and the total cost of your mortgage

You can use tens, even hundreds of thousands of dollars worth of savings to get on top of your other finances and improve your overall financial health.
Home loan health check icon

Renovate or invest

The insights you get from a home loan health check can help you assess whether or not you can take on another project like a home renovation or a new property investment.
Home loan health check icon

Consolidate your debt

Juggling with multiple debts and bills? A home loan health check can help you combine personal loans and credit card accounts into your home loan so you can decrease or remove additional account fees and management costs — allowing you to simplify your borrowing situation.

Home loan health check icon

Refinance

If you’re at the end of a fixed rate period for your mortgage, on a low doc, or any other type of specialist home loan, you may want to take some time to look into other home loan offers from another lender. Markets move, and there could be a loan solution with better features than the one you currently have. Refinancing your home loan might be in the cards for you — and a home loan health check will help you be certain of that.

Home loan health check icon

Maximise your home loan features

You can use tens, even hundreds of thousands of dollars worth of savings to get on top of your other finances and improve your overall financial health.

Home loan health check icon

Be flexible

Lenders can offer attractive mortgage features like offset-redraw facilities, lump sum repayments, top ups, and online management tools as standard or optional upgrades. A home loan health check with your mortgage broker allows you to access this kind of information and consider these options.
Home loan health check icon

Check your property value and unlock equity in your home

Reviewing your home loan arrangements lets you know if your property’s value has increased and if you are in a position to access equity in your home.

How does a home loan health check work?

A home loan health check takes about 15-20 minutes. If this is your first home loan review, you will need to provide your property address as well as proper documentation of your repayment details including schedule and address to verify your balance. If you are already known to the mortgage experts at Sunshine Coast Financial Solutions, we’ll check everything for you.

Prior to enquiring for a home loan health check with a trusted broker, ask yourself first if you are looking to:

How does a home loan health check work?

"*" indicates required fields

Do I need to get a home loan review to refinance my home loan?

In order to refinance your home loan, it is highly recommended to undergo a home loan review or health check. While it may not be a strict requirement, getting a comprehensive review of your current home loan is essential for several reasons.

Firstly, a home loan review helps you assess the current state of your loan, including interest rates, loan terms, and repayment options. By thoroughly analysing your existing loan, you can identify any potential areas for improvement or cost-saving opportunities. This process allows you to compare your current loan with other available options in the market, ensuring that you make an informed decision when refinancing.

Secondly, a home loan review provides you with a clearer understanding of your financial situation. It helps evaluate factors such as your creditworthiness, income stability, and debt levels, which are crucial considerations for lenders when refinancing. By addressing any potential issues or gaps in your financial profile early on, you can take proactive steps to improve your chances of securing a favorable refinancing deal.

At Sunshine Coast Financial Solutions, we highly recommend homeowners to get a home loan health check before refinancing your home loan. It enables you to make a well-informed decision, identify potential savings or benefits, and ensures that you are in a strong position to negotiate favourable terms with lenders.

Home loan health check img 3

REFINANCING YOUR HOME LOAN: Pros and Cons

What are the pros and cons of refinancing your home loan? It’s a decision that can potentially bring both benefits and considerations.

PROS

Potential for lower interest rates, leading to reduced monthly repayments and long-term savings.

Opportunity to access additional funds for renovations, investments, or other purposes.

Ability to consolidate debts, simplifying your financial obligations.

Flexibility to switch to a more suitable loan structure or repayment terms.

Option to secure improved loan features, such as offset accounts or flexible repayment options.

Refinance cashback offers are a financial incentive offered to refinancing homeowners. You could use this to cover expenses associated with the refinancing process, or for other things like renovations, debt consolidation, and savings.

CONS

Upfront costs involved, such as application fees, valuation fees, and legal fees.

Potential impact on credit score due to credit checks and application process.

Potential penalties or fees for early repayment of the existing loan if it is restricted on your loan.

The possibility of a longer loan term, resulting in higher overall interest payments.

Potential changes in lender policies or eligibility criteria that may affect the refinancing process.

The need to provide updated documentation and financial information for the refinancing application.

Can’t decide? Talk to a mortgage broker who specialises in refinancing

When it comes to refinancing your home loan, there’s no substitute for expert guidance. While online research and calculators can provide some insights, consulting with an expert mortgage broker is essential to fully understand the benefits of refinancing your home loan or how it can potentially put you at a disadvantage. A refinancing mortgage broker has the knowledge, experience, and access to a wide range of loan options to help you navigate the complexities of refinancing.

Don’t leave your financial future to chance—speak to our trusted mortgage broker specialists today to uncover how refinancing your home loan can work in your favour.

Get a FREE home loan health check from us!

A do-it-yourself approach to assessing your home loan liabilities can yield more confusion and frustration. While it can be a great way to refinance your mortgage and evaluate your finances, it is only insightful when done properly and professionally.
If you are unsure how to proceed, ask an expert! The mortgage specialists at Sunshine Coast Financial Solutions will help you with whatever questions you may have relating to your mortgage.

Based on the information you provide, we will give you timely, appropriate advice on how to best approach your home loan situation and the next steps you can take to move forward.

And we do this all — FOR FREE!

FAQs: Home Loan Health Check

The truth is anytime is a good time to get a home loan health check. You may feel more inclined to have one if your lender has raised your interest rate or if you feel swamped with your mortgage repayments, have a major lifestyle change, want to renovate or invest, or are looking at other home loan solutions.

There are many reasons why borrowers opt out of home loan health checks. Some may feel overwhelmed with the ins and outs of their mortgage and consider themselves ill-equipped to understand the complexities of home loan features and their functions.

Some may be unaware of how their mortgage works and the hidden wealth in their homes that can be accessed. Others simply do not understand the benefits of a mortgage review.

Whatever concerns you may have around your home loan health status, it is best to seek advice from a professional.

Yes. Most home loans allow various repayment options and generally speaking the quicker you pay it off and the more frequently you make repayments the faster your loan will be paid off. Paying off your loan faster can save you many thousands in interest.

Yes. Refinancing your home loan can generally mean finding a lower rate and lower fees potentially saving you thousands. The best way to start is to find out what your current rate and fees are and let us show you a better plan.

It is generally recommended to review your home loan every 1 to 2 years or whenever there are significant changes in the market or your personal financial situation. This ensures that you stay informed about new loan products, interest rate movements, and any potential benefits that could arise from refinancing.
Absolutely! A home loan review is valuable even if you are not currently considering refinancing. It provides a comprehensive evaluation of your existing loan, ensuring that it is still meeting your needs and offering the best possible terms. If refinancing is not necessary, the review can offer suggestions for optimising your loan, such as negotiating a better rate with your current lender or exploring additional features.

Generally, a home loan review itself does not directly impact your credit score. However, if you decide to proceed with refinancing and submit a formal loan application, the lender may conduct a credit check, which can temporarily affect your credit score. It’s important to note that multiple credit checks within a short period, such as when comparing offers from different lenders by yourself, may have a cumulative impact on your score.

Why Choose Us?

Getting the best home loan solution for your personal circumstances entails finding the right mortgage broker to work with.

Our team provides Sunshine Coast locals with a wide range of financial solutions in business and life. Our experience and first-hand knowledge of the financial industry puts you in good hands.

Our key staff, Chris Wilson and Shanina Smyth, are known as some of the most highly-recommended and reliable lending specialists on the Sunshine Coast. They both have many years of experience in the financial services industry ensuring you get the best outcome for your needs.

Best of all — we can do your home loan health checks FREE OF CHARGE.

Other helpful resources

The rental crisis in Australia is a growing concern, impacting tenants and landlords alike. In fact, as of February 2023, the national vacancy rate is still on its lowest point in record at 0.8% — the lowerst since April 2006.

As an investor, it is quite a prerequisite to do your homework before investing in real estate in Australia. There are many things to consider when buying an investment property like the local market conditions and your own financial situation.

In this tough market where interest rates are just constantly rising, the variable vs fixed rate debacle is plaguing not just first home buyers but also refinancing homeowners and property investors.

What our Clients Say

review us on
Thanks heaps to Adam & Shanina for all your help & knowledge with refinancing our home loan. They went above & beyond to find us the best rate that suited our needs. Excellent communication & both Adam & Shanina made the whole process super easy. Would highly recommend SCF Solutions!
Adam and the team were extremely helpful and efficient and always super responsive. Highly recommend
Our fourth time having the pleasure of dealing with Chris and his amazing team. It just gets easier every purchase! The communication was fantastic, we were updated throughout the process and felt confident that we were getting the best interest rate possible. Thank you again SCF Solutions, I can see why you’re winning so many awards. I will be referring you into our friends and family.
Highly recommend Chris and his team, as the are very responsive and gets the job done. Thank you guys for all your support through the past few years. Looking forward to work with you again in the future....Marie
We had such a great experience with this business. Chris Daryl and Shanina were all so thorough and helpful with our recent house purchase. From pre approval through to completion we really felt reassured that they had everything under control and it all went so smoothly.Highly recommend.
Very proffesional and courteous staff , always a pleasure to deal with.Chris goes above and beyond to make sure you get the outcome your looking for and has delivered for us every time
Adam was highly attentive, professional and extremely calm in a process that causes stress from every other angle! Thank you to Adam and the team for assisting us in our first home!
Fast responsive and great to work with thanks Adam👍
These guys are fantastic, down to earth and always do their best to get it over the line for us! Highly recommend
We just worked with Adam at SCFS, and we couldn't be happier. Our mortgage situation was a bit tricky, but Adam and the SCFS team were there every step of the way. Adam was super quick to respond and always up for a call to clear things up.As first-time buyers, we really appreciated Adam holding our hands through the whole process. The team was proactive in finding the best solutions for us and handled any issues before they became problems.We highly recommend Adam and SCFS for anyone needing mortgage help. They made the whole thing smooth and stress-free. 10/10 recommend!
We have been working with Chris and his team for some time now and he and Adam have recently secured a home loan for my partner and I on our recent purchase. Chris and Adam have made the process super easy and took the time to methodically consider all possible options for us. Have also appreciated SCFS’ pragmatic approach. Thanks Chris and Adam for another great outcome!
I’ve recently had the pleasure of working with the team at Sunshine Coast Financial Solutions to secure a new mortgage. Throughout the entire process, communication was clear, professional & friendly. I was kept up to date and was well informed every step of the way. I wholeheartedly recommend Sunshine Coast Financial Solutions to anyone in need of expert mortgage advice & assistance.
This is the 3rd time we have used SCFS, this time for an investment property and refinance overall.Chris advised us to what our best options were taking into account taxable nature of investment and how best we structure between that and our owner occupied.The team at SCFS found us a much better rate overall and have infact reduced our monthly payments.Chris and team (Adam, Darryl, Shanina) keep you updated every step of the way and make the process seamless and easy even when we have had more complicated lending requirements.We have had the pleasure of referring several of our friends to SCFS who have been equally impressed. We are based in NSW, and absolutely no issues being in a different state.If you are after a personal service, and one that continues to proactively manage the best deal for you ongoing this team will look after you.
Very helpful team with excellent communication throughout the whole process. Would definitely use again and highly recommended!
The team was friendly and very easy to deal with. They made the process of getting a loan easy by walking us through every step.
The experience we had with Sunshine Coast Financial Services was incredible. They were professional, knowledgeable and reassuring from the start of our house purchasing journey right to the finish.Apart from all the team, we were lucky enough to have Daryl Hermann assisting us.He was so positive, helpful, encouraging and always happy to answer any questions that I had and there was plenty….Thanks to SCFS we are now the proud owners of a home we could only have dreamt of.Without a shadow of doubt I would highly recommend anyone looking to purchase a home to give these guys a call.I know I certainly will when I choose to purchase another property.
Easy to deal with, happy with the results
Very supportive, available, thorough and professional- highly recommend.
My partner and I were super keen to get into the property market and reached out to Chris and his team as a result from reading these outstanding reviews and they did not disappoint. The team have been nothing but transparent throughout every process of building our first home and answered all our questions in record time. Thank you for your continuous support! Anyone needing assistance needs to look no further then SCFS! If I could put 10 stars I would.
Just wanted to thank Chris Wilson and Tracey Butler for looking after me again with my home loan. My fixed rate is expiring soon. Weeks ago Chris contacted me to discuss my options, the process and a plan of attack.Tracey diligently stepped in right on cue and executed the plan with a superb outcome. A better than expected interest rate, not just for now but for the future of my home loan. I couldn't be happier.This team makes you feel like they step into their customers shoes as if it was their own home loan. They strive to do everything they can for their customers and in such a friendly and professional manner. Thank you again Chris and Tracey.
Efficient, helpful and honest advise. Highly recommend
What a treat it was to work with Chris and his team, they are extremely professional and we're able to find me a much better deal on my home loan. I'm now saving thousands each year! I couldn't recommend him highly enough 👍
Sunshine Coast Financial Solutions worked magic for this first home buyer. The home-buying process is very daunting for newcomers, when searching for your dream home it's hard to know the usual steps and who to trust. Chris and Adam from SC Financial Solutions provided professionalism and attention to detail each step of the way, helping to relieve stress and bring peace of mind knowing we were in safe hands throughout this life changing decision. I'll recommend SC Financial Solutions to everyone searching for an award-winning knowledgeable, reliable and responsive brokerage team.
This new homeowner is thrilled to leave a review for Chris and his colleague Adam at Sunshine Coast Financial Solutions. These mortgage wizards worked their magic on a loan for me, comparing all leading banks of Australia, with a great result. Their efficiency and advice meant I could make a fast and easy settlement. Chris and his team have made our first home buying experience so much easier.If you need a mortgage, I couldn’t recommend enough🌞🏡 Sunshine Coast Financial Solutions 🌞🏡
Excellent service, fast and efficient. I have been using the SCFS team for years and recommend them to anyone for finance solutions. You lean back and relax while they do the hard work and find you the best deal. Very happy 😊
Today is approval day something I did not think I would be doing in this day and age with how life has been but thanks to the team at SCFS it's all been made possible and easy couldn't recommend a greater team, will definitely be using them for my next few houses
I've been using Sunshine Coast Finance for a number of years over which time they have taken care of the finance for 3 properties, I can't recommend them enough.
On behalf of my wife and I, We highly recommend Chris and his team for your financial needs. They made our process feel smooth and enjoyable, and we will definitely be returning in the future for their services.
My husband and I have worked with Daryl for a while now and the experience has been nothing but beyond exceptional. The work he puts in to help us is incredible. We would be lost without his expertise and guidance. We couldn’t recommend Sunshine Coast Financial Solutions more highly.
It was the first time for me to buy a house. I really had no idea how complicated it is. The Sunshine Coast Financial Solutions team support was amazing; they took care of everything and negotiated a very convenient interest rate. The communication was also fantastic. Great result with a minimum effort. Highly recommended
Absolutely amazing service. From start to finish the communication was 100%. We were kept up to date throughout the entire process and always felt supported. Daryl was so easy to talk to, responded to every question we had and I cannot thank him enough, we really appreciate all that he did for us. I will not hesitate using their service again in the future and have passed on their details to friends! Thankyou again for everything!
Excellent professional and friendly service, excellent communication, kept us informed throughout process. Highly recommend
The team at scfs are awesome. Thank you so much for making my home refinance a breeze. I've been asked by few people now, how I got this so quickly. I said "my broker is the gun". Thank you so much Chris, Shanina, Adam, Daryl and Tracey, for all your hard work, and dealing with me. Definitely 5 stars👍
I highly recommend Chris and his team @ SCF Solutions to anyone going through a divorce or any other life transition that involves financial decisions.Chris’s expertise, practical approach, and easy-going nature provided the clarity I needed to make informed decisions about my financial future. Chris’s open and honest manner empowered me with a strong understanding of my financial position and lending capability which eased the burden associated with the division of the matrimonial home. He treated me like a priority and provided valuable guidance and support every step of the way as I navigated through an emotionally challenging time.Communication during critical times in the process such as loan approval and settlement was outstanding, even when this fell over the Christmas/New Year period. Someone from his team was always available to answer any questions or concerns and provide reassurance when needed.Second time I have engaged Chris over the past 8 years, and I can proudly say I will remain a lifelong customer!If you want the best possible mortgage to suit your specific financial situation then you can’t go past Chris and his team.
Chris and his staff members are always very helpful and informative.
Another brilliant experience with the SCFS team. Excellent from start to finish - thanks so much Chris and the team 👍
Excellent, thank you
My partner and I had Jo and Shanina from SCF help us with our home loan, everything was quick and effortless which is what we wanted. Highly recommend them!We also just had a 1 year review from Tracey and she ensured we were still getting the best rate 🙂
Chris and his team have helped me again to buy a property which was a stress free and quick process. I have complete trust in Chris and would highly recommend his business.
Chris and the team have been very helpful throughout the process keeping me informed every step of the way.SCF saved me lots of money from my current loan and will keep an eye on it from now on.Well done team
Adam and the team made our process super easy and they were very helpful. Would definitely recommend them ☺️
Chris and his team made financing our new home purchase a smooth process that left nothing to chance. With his support we were able to confidently bid on and secure our dream home and he made sure we had the very best deal we could achieve in record time.Chris coached us through each step and was always available to answer our questions and provide guidance when we needed it.Overall his team is professional, friendly, helpful and always approachable.We couldn't have achieved the result we did without his help and we would definitely use his services again.We can thoroughly recommend Sunshine Coats Financial Services and Chris Wilson to anyone looking to arrange their finance. You won't be disappointed!
Chris & the team have been fantastic from start to finish. Patient, professional & supportive throughout the whole property purchasing journey. They have gone above and beyond to help me into a property, I am very happy with my experience from start to finish. I can’t speak highly enough of their transparent and professional approach.
Once again, Chris and the team at SCF have provided us with excellent service. They are professional, efficient and always available to answer questions and concerns. We would highly recommend them.
I recently purchased my home using the SCF Solutions for my financial needs, and I must say that I had a fantastic experience. The person who handled all my transactions on my behalf, Daryl Hermann, was extremely meticulous and efficient. His attention to detail and promptness in completing all the necessary tasks left me truly grateful. I highly recommend SCF Solutions for anyone in need of financial services. Thank you, Daryl, and the entire team at SCF Solutions for your outstanding support!
Chris and his team were absolutely fantastic.Clear and transparent from the start, SCF made the experience of buying our home seamless.Highly recommend SCF for your lending solutions.
js_loader
Home loan health check - img 4

Speak With Us

At Sunshine Coast Financial Solutions, we examine your current and future intentions, whether personal, company or investment, as part of getting you the best financing possible. We take into account your preferred level of risk, as well as your future earnings and professional goals.

All of these considerations are critical in securing a loan that not only allows you to acquire this home, but also allows you to meet your financial obligations in the future without incurring additional fees, expenditures, or restrictions.

You can also chat with a mortgage broker for help with your home buying, investing, or refinancing needs.