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Home  Loans for Overseas Borrowers
What is equity?The equity in your home is simply the difference between what your property is worth and the amount you owe. You may wish to borrow against your equity to buy another property, refinance your mortgage, renovate, put in a pool or invest in shares or managed funds. How does home equity work?An equity home loan gives you a line of credit on your mortgage up to an approved amount. The loan can be taken in full or in stages. This type of loan is particularly useful for those people wanting to renovate their home or invest. How much you can borrow depends on your situation - your existing borrowings, income and assets are taken into account. And if the equity is for an investment property, your new and current property values will be assessed. What are the benefits?Taking an equity home loan enables you to commence your renovations or buy an investment property sooner than you would if you had to save a deposit. It is important to keep in mind that in order to minimise the risks and maximise investment returns that all debts are carefully managed. Mortgage Mates can assist you to make an informed decision and take the stress out of becoming overwhelmed with wide choice of loans and lenders. Please feel free to contact one of our friendly, professional Loan Consultants to discuss your loan requirements or make an appointment. If you prefer, simply complete our online application form and a Consultant will contact you. |
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Membership No. 406491
Membership of COSL and the use of the COSL Logo is not and is not to be taken as
an endoresment by COSL of the Member, its products, services, or financial position.
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Important News
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I'm not saying that the customer service in my bank is bad, but when I went in the other day and asked the clerk to check my balance ... she leaned over and pushed me. |
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