If you remember this add from the 90’s, you might have been left wondering what is equity, and how can it improve your relationship.
Home Equity is difference between what you owe on your mortgage and what your property is worth. You can access up to 80% of your properties value without paying Lenders Mortgage Insurance.
Since the Bank hold your house as security, they are willing to offer Interest rates as low as 3.64%*
So equity what its good for? There are a few reasons why you should consider accessing your equity.
Consolidating your car loans or credit cards, since these are likely to be at much higher Interest rates.
Purchasing an Investment property or other investment purposes.
Helping out your kids to purchase a property
At the same time we can lean on your current lender and improve your loan’s interest rate or arrange all the details of porting your loan to another, better lender.
*rates current as of table and are subject to change.