Mortgage repayments usually represent most people’s single largest monthly expense so it makes good sense for borrowers to have a “check-up” done on their mortgage – just like going to a doctor.

Mortgagedoctors.com.au “home loan health check” is free of charge and involves a comprehensive analysis of your current home loan and comparison to a range of alternate mortgage products.

This takes into account interest rates, fees, loan structures, terms and conditions of the loan as well as additional features including internet banking, discounted credit cards and insurance products.

Depending on your situation, refinancing can be a very effective financial move that can save you money year in, year out.