A Home Loan Health Check is a review of your current mortgage to determine whether it’s still the right fit for your circumstances. Your selected Mortgage Medic will assess factors such as your interest rate, loan features, repayment structure and overall suitability to see if there may be opportunities to save money or improve your loan. It’s the same idea behind our approach to preventative mortgage care.
It’s simple. Select a Mortgage Medic from your preferred region, complete our short online questionnaire about your home loan and your chosen broker will review your information. They’ll then contact you with their professional assessment and discuss any recommendations.
No. The health check is designed to give you an informed opinion. If your current loan is already a great fit, your Mortgage Medic will tell you. If there are opportunities to improve your situation, they’ll explain your options and the decision is always yours. Under Australian law, brokers are required to act in your best interests when recommending a loan.
There is no cost to complete the initial Home Loan Health Check through Mortgage Medics. Your selected Mortgage Medic will explain any costs that may apply if you choose to proceed with refinancing or another lending solution. You can read more about how our service is funded in our Role Clarification Statement.
As a general guide, it’s worth reviewing your home loan every two years, or sooner if your circumstances change. Changes such as starting a family, renovating, investing, consolidating debt, or interest rate movements could mean your current loan is no longer the best option.
No. Completing the questionnaire and receiving a Home Loan Health Check does not affect your credit score. If you later decide to apply for a new loan, your Mortgage Medic will explain when a credit enquiry may be required.
Yes. We take privacy seriously. The information you provide is only used to help your selected Mortgage Medic assess your home loan and contact you regarding your enquiry. Please refer to our Privacy Policy for more information.
That’s actually great news. Not every health check results in a refinance. If your Mortgage Medic believes your loan remains competitive and suitable for your needs, they’ll let you know. Our goal is to provide honest, professional advice, not simply recommend a new loan. It’s part of our commitment to quality across the Mortgage Medics network
Absolutely. Mortgage Medics allows you to browse participating Mortgage Medics and choose the broker you feel most comfortable working with. You can select a broker based on your location, experience, or profile before submitting your Home Loan Health Check.
Not necessarily. Many Mortgage Medics assist clients remotely using phone, email and video appointments. While some homeowners prefer working with a local broker, you’re free to choose any participating Mortgage Medic from our website.
Our online questionnaire asks for basic information about your current home loan, such as your lender, approximate loan balance, interest rate (if known), repayment type and your goals. The more accurate the information you provide, the better your Mortgage Medic can assess your loan. If additional information is needed, they’ll discuss this with you directly. See the full list of questions we will ask.
Yes. A Home Loan Health Check isn’t just about finding a lower interest rate. If you’re planning renovations, purchasing an investment property, accessing equity or restructuring your finances, your Mortgage Medic can review your current loan and discuss lending options that may better support your future plans.
Yes. Whether you’re buying your first home or have owned property for many years, participating Mortgage Medics can provide guidance that’s tailored to your circumstances. First home buyers can receive advice on borrowing capacity, loan options, government assistance schemes and the home buying process.
Yes. Every Mortgage Medic featured on our website is an independent mortgage broker who holds the appropriate credit licence required to provide mortgage broking services in Australia. Each broker operates independently and is responsible for the advice they provide.
Completing the online questionnaire usually takes around five minutes. Once submitted, your selected Mortgage Medic will review your information and contact you, usually within 24 hours to discuss their assessment and any recommendations. Find out more about the questions that you will be asked.
Yes. Self-employed borrowers often have different lending requirements and many lenders assess applications differently. Your Mortgage Medic can discuss your business structure, income documentation and borrowing goals with you, browse our brokers to find one who works with self-employed clients regularly.
Many homeowners stay with the same lender for years without reviewing whether their loan is still competitive. Interest rates, loan products and your personal circumstances can all change over time. A regular Home Loan Health Check can help confirm you’re still on the right loan, or identify opportunities to save money, reduce repayments, access equity or better align your loan with your financial goals. Find your Mortgage Medic to get started.
