Have you owned your property for a while now & been paying your home loan each month? It is quite likely you have unknowingly built up equity in your home which can be utilised for a variety of different purposes.
$1,000,000 - Home Purchased in 2015
$800,000 - Borrowed from Bank
$1,500,000 - Current Market Value
$690,000 - Remaining Loan Owing
In this example, you potentially have access to up to $510,000 worth of equity you can borrow from the bank. Imagine the possibilities with that kind of money?!
Part of our service of reviewing your home loans is to have your property valued using the banks internal systems or even an independent valuer in some cases, all at no cost to you. Doing this can unlock a significant chunk of money which you can use to:
a) Renovate your home
b) Buy an investment property
c) Go on a holiday
d) Buy a new car
e) Invest in shares
f) Much, much more! (Ask us what else you can do!)
Book a time today to discuss your personal situation with us - it's important to note that everyone's situation is different & we need to look into your finances in depth to determine whether borrowing additional money against your home is a suitable strategy for you.