Velocity Frequent Flyer has partnered with uno Home Loans, a mortgage broker and “Australia’s first Active Home Loan manager”.
The partnership has kicked off with an offer of 1,000 Velocity Points for signing up for their loanScore tool. This is a tool that they say will monitor your home loan health and alert you to potential savings.
What is the offer?
uno is offering Velocity Frequent Flyers 1,000 bonus points for completing a home loan health check. To do the health check, you have to have an existing home loan.
If you have that, then you simply fill in a quick questionnaire on your home loan. The questions were fairly basic, and pretty much the sort of thing you would expect. What interest rate are you paying, how much is left to pay off, and where is the property located. That sort of thing.
Once you have done that, they will calculate your loanscore. This is a number that runs from 0 – 100, and the higher the score the better.
The offer of 1,000 Velocity Points is available from now through to 30 June, 2020.
Who is uno?
uno is one of a number of online mortgage broker in the market. However, they take the idea a step further, and claim to be “Australia’s first Active Home Loan Manager”.
Sounds good, but what does it mean? It seems that once you are on their books, they will run comparisons of the home loan market to see if you are still on the best deal.
For example, in my case, I was rated a 78 – in the amber zone. I guess it could have been worse. They say there are better options, although they weren’t able to tell me what they were.
You could argue that these points aren’t free as you have to sign up for their service. If you are comfortable doing that, then you could score yourself an easy 1,000 Velocity Points.
For more information, and to sign up to loanscore, head over to uno’s wesbite.