Home Equity Loans

Already own property? Learn more about home equity loans

What is a home equity loan?

You may wish to upgrade your current home, or even put down a deposit on that investment property you have been thinking about. No matter what the purpose of the funds, if your home is worth more than the outstanding balance owed, a home equity loan is something you can consider. 

The use of home equity loans is often used for those looking to expand their property portfolio.

Key Benefits

Defining the issue at hand

Safety for lenders

Our home loan experts will ensure all is smooth sailing through this exciting but potentially stressful time.

Buying a property, especially if it is your first purchase, is meant to be an exciting time. However, without support, the excitement can quickly turn to stress with the amount of different Australian mortgage options available today. These are based on the type of borrower; you may be a first home buyer, owner occupier, property investor, looking to refinance, want interest-only repayments or products that have an offset account.

Whatever your requirements may be, we have a solution for you. Our experts will show you that selecting a product based on the lowest interest rate is not always the best option; there may be other fees that apply that could end up costing you more in the long run. Our home loan experts will check these finer details for you, so that there are no nasty surprises later.

Potential risks

As with all loans, home equity loans present some potential dangers.

A major pitfall of those who opt for home equity loans is if the funds are abused and not used for home improvements or investments. This would be a waste of equity, and we can show you how to truly capitalise on this product by being mindful and smart with your money, and put it towards growing more equity.

Not only will we be with you every step of the way, we care about the outcome as we pride ourselves on achieving the best possible result for our clients.

Supporting you to make the best financial decisions is of the utmost importance. For home equity loans, we will consider if it is the right option for you and will find you the most appropriate product to meet your goals.

There are two options available for consumers to choose from

Lump Sum

As indicated by their name, lump-sum home equity loans provide you with a considerable sum of money upfront and allow you to repay the loan within a fixed period through monthly repayments. Interest rates can be fixed or variable, which is where we will assist in making the correct decision by assessing the financial environment.

Line of Credit

Compared to a lump sum loan where you apply for a set figure, a home equity line of credit (HELOC) approves you with a maximum amount of available credit, and you simply borrow as you need. You can borrow gradually from the line of credit as required, and reimburse through minor payments. To abolish the loan, you must make fully amortising payments.

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Other mortgage options

No Deposit Home Loan

Have you been struggling to save your mortgage deposit and feel like you are getting nowhere?

If you want to get into the property market sooner rather than later, we may be able to help you with a low or no deposit home loan. Did you know that your new home or investment property may be well within your reach, even without a deposit? Chat with our home loan experts and find out what Australian mortgage option suits you.

Refinance Home Loan

Are you considering refinancing your home loan?

If you want to get into the property market sooner rather than later, we may be able to help you with a low or no deposit home loan. Did you know that your new home or investment property may be well within your reach, even without a deposit? Chat with our home loan experts and find out what Australian mortgage option suits you.