Your home is so much more than just a roof over your head…
Property values have grown strongly in recent years, and chances are your home is worth a lot more now than it was when you bought it. Add in the value of renovations and improvements, and it’s a fair bet you have a decent honey pot of home equity to your name.
It’s possible to tap into that equity without having to sell your place.
A home loan top up or refinancing to a new loan are simple ways you can harness home equity, and it’s money that can be used for a variety of purposes. It could be used to fund further renovation projects, invest in a rental property, or pay for a quality education for your children. Just make sure you can comfortably handle the ongoing loan repayments.
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