Unlock the power of your home

Achieve your financial goals using a powerful resource - home equity.

If you’ve owned your home for a number of years, you could have more home equity than you realise.

Home equity is the difference between the value of your home and the balance on your loan.

This is because equity is created in two main ways – by paying down the principal amount on your home loan and increasing the value of your property.

Any improvements you make to your property – from a new coat of paint on the walls, to full-blown renovations - could potentially increase the value of your home and grow the amount of equity you have.

In addition to increasing the value of your property, another way to grow the equity in your home is by making regular additional (or occasional lump sum) loan repayments. Additional repayments will help you to increase your home equity, cut down the interest payable on your loan and your overall loan term.

What can you do with equity?

You can do a lot with your equity – from renovating your place, to buying an investment property or even paying down other debt you have.

Pleasingly, it is not difficult to access your home equity, you can simply arrange a loan top up through your current lender or refinance into a different loan.

Bear in mind, when you borrow against home equity you need to ensure you can comfortably manage the higher loan repayments.

Contact us to discover how you can tap into equity in a way that fits your budget.

Talk to a Mortgage Choice expert

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