Mortgage Tips Ranked From Best to Worst
Not all mortgage tips are created equal. Some can save you tens of thousands over the life of your loan, while others sound good but can quietly cost you more in the long run.
Here’s a clear breakdown of common mortgage tips — ranked from best to worst — so you know what to prioritise.
✅ BEST MORTGAGE TIPS
Refinance your loan once your LVR drops
As your home value increases and your loan balance decreases, your loan-to-value ratio (LVR) drops. This can unlock:
Lower interest rates
Removal of lenders mortgage insurance (LMI)
Better loan features
Many people don’t realise their home has gone up in value, meaning they could be paying more than they need to.
Shop around with a mortgage broker
Banks don’t advertise their best deals publicly. A broker can:
Compare multiple lenders at once
Access pricing discounts
Structure your loan to suit your goals
It’s one of the easiest ways to ensure you’re not overpaying.
Pay extra when you can
Even small extra repayments can:
Reduce your loan term
Save a significant amount of interest
Build equity faster
This is one of the most powerful (and underrated) strategies.
👍 GOOD MORTGAGE TIPS
Set up automatic repayments
Simple but effective. Automatic payments help you:
Avoid late fees
Protect your credit score
Remove mental load
Set it once, forget about it, and stay consistent.
Keep an eye on your credit score
A healthier credit score can mean:
Better interest rates
Higher borrowing power
More lender options
You don’t need to obsess — just check in regularly and keep things clean.
🤷♀️ MIDDLE-OF-THE-ROAD TIPS (situational)
Split your loan (fixed + variable)
Splitting your loan can offer flexibility and some protection from rate rises, but it’s not always necessary.
It really depends on:
Your cash flow
How much certainty you want
Your future plans
Great for some borrowers, unnecessary for others.
⚠️ WORST MORTGAGE TIPS
Switching lenders too often
While refinancing can be smart, doing it too frequently can:
Impact your credit score
Add unnecessary fees
Create loan fatigue
The best mortgage strategies are about timing, structure, and review.
If you’re unsure where you sit, that’s exactly what a review is for. Contact us today for a free strategy call to see what needs reviewing to save you time and money.
