5 Smart Mortgage Resolutions for 2025 to Save Big
Set Your Financial Goals for the New Year
New Year’s resolutions aren’t just about fitness and personal growth—they’re also a perfect time to reset your financial goals. Research from Commonwealth Bank shows that three out of four Australians will make at least one financial resolution in 2024, often focused on budgeting and reducing expenses.
But if you truly want to make an impact, setting mortgage-related resolutions can help you save thousands and become mortgage-free sooner.
1. Give Your Home Loan a Health Check
Your mortgage needs regular check-ups, just like your health.
- Has your financial situation changed? Maybe you’re planning a family, a renovation, or an upgrade in 2024.
- Are you still on the best loan? Lenders update their rates and loan features frequently, meaning your current loan might not be the best fit anymore.
At CBM Mortgages, we offer a free home loan health check to ensure you’re still getting the best deal.
2. Stop Overpaying—Ditch Lender Loyalty
Interest rates spiked in 2023, yet only 1 in 10 homeowners refinanced their loan, according to Canstar.
Meanwhile, Reserve Bank of Australia (RBA) statistics show that banks often offer better rates to new customers—meaning sticking with your current lender might be costing you.
📌 We’ll compare your mortgage to other loans to determine whether staying put or switching lenders will save you more.
3. Eliminate Features You Don’t Need
Home loan features can be useful—but they can also increase your costs.
- If you actively use your offset account, it’s worth keeping.
- If you don’t use extra features, you might be paying unnecessary fees for a loan that isn’t fully benefiting you.
Not sure what features your loan has? Contact us today for a quick assessment.
4. Prepare for the End of a Fixed Rate
The fixed-rate cliff isn’t over yet!
The RBA estimates that 450,000 homeowners will transition off ultra-low fixed rates in 2024—potentially facing higher repayments.
If this applies to you, don’t wait until the last minute:
- Decide whether to refinance, refix, or revert to a variable rate
- Compare your options early to avoid financial stress
Our team at CBM Mortgages can help you strategize the best move for your situation.
5. Use Your Home Equity to Build Wealth
Your mortgage isn’t just a debt—it can also be an opportunity.
- In January 2023, the median home value in Australian capital cities was $770,374, according to CoreLogic.
- By January 2024, the median value jumped to $832,193.
📈 That’s extra equity you could leverage for home improvements or investment properties.
Want to see how much equity you’ve gained? Call us today—we’ll help you unlock your property’s potential.
Get Expert Help to Maximize Your Savings
Mortgage resolutions can set you up for financial success in 2025.
At CBM Mortgages, we can help you:
✅ Compare mortgage options
✅ Assess home equity for future investments
✅ Plan for fixed-rate transitions
✅ Secure refinancing with better terms
Read our blog on on how many loan types there are, click here
Or go to our dedicated First Home Buyers page here
You can also download our First Home Buyers guide here
📞 Contact us today for a free mortgage consultation—we’ll help you make smart financial moves this year!
Disclaimer
This article provides general information only and does not constitute financial advice. Always consult a qualified financial advisor or mortgage broker to assess your personal situation before making any financial decisions.
Written by Craig McDonald 14/06/2025
