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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 purchases

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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