What's equity, and what will it allow me to do?
Equity is a term used to describe what portion of the home you
own. Basically - if you sold your home now, the equity would
be the price you sold it for, minus the amount you owe on your home
loan or put another way it is the value of your home less the
amount of your home loan secured against it.
What will equity allow me to do?
Equity will give you more control and flexibility over how you manage your home loan.
How you can use equity
- As a deposit on additional properties
- To top up your home loan to fund renovations or other large
The TMS guide to managing your home loan
Rae's tips for saving money on your home loan
How to take advantage of interest rates
What's the best home loan for you?
How can I pay off my loan?
How a revolving credit loan could save you interest
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