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Andrew Vaughan

Mortgage Brokers Seaforth | Home Loans Seaforth

Buying property in Seaforth? Our team can help you secure the right home loan!

Secluded bays, private pontoons, great views and fantastic restaurants, what’s not to love about Seaforth. The suburb has incredibly wide blocks, leafy parks and playgrounds so it really is the perfect place to raise a family. The demographics in the area are made up of 50% families, and an even mix of retirees and empty nesters. 

The median property prices in Seaforth over the last year ranged from $3,540,000 for houses to $1,925,000 for units. So, if you're ready to purchase a property in this region, it's worth getting in touch with our Mortgage Choice broker in Seaforth - Andrew Vaughan.

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Start your home loan journey today

Already own a property and want to start investing? 

Chances are if you already own a property in Seaforth, then you will most likely have some equity built up. The good news is that you can borrow against this equity, giving you the opportunity to purchase another property or renovate your existing home. 

Accessing the equity in your home is a great strategy when it comes to purchasing another property or renovating your home. One of the most common ways to access your home equity is to refinance, however, it's always best to speak with our team first to figure out if this is the right solution for your situation. 

How can equity help you?

  • An equity loan lets you borrow against the equity in your home
  • Your home equity can be used instead of a cash deposit to buy an investment property
  • Investment property loans are often structured around using home equity
  • How much equity you can use will vary between lenders, so it's important to chat with our team.

Find out how to calculate how much equity you have access to!

In order to calculate how much equity you have access to, it’s important to follow our equation below. Simply put though, you can calculate your equity by taking your property's current market value and subtracting the remaining loan balance.

Property's market value - Remaining loan balance = Your home equity

For example, if your home is worth $1,200,000 and there is $800,000 remaining on your home loan, you have home equity which is worth $400,000.

With this said it’s important to bear in mind that all of that equity may not be available, as most lenders will only allow you to borrow 80% of the property’s value, without being charged for LMI - Lenders Mortgage Insurance. 

Remember, even if you have paid LMI before, you would still need to pay it again if you try to access the equity that exceeds 80% LVR.

To arrange an appointment please call Andrew Vaughan on 0409 536 097.

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