Home equity loan

Turn Equity Into Opportunity

Use your home equity to grow your wealth, fund renovations, or achieve your financial goals.

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KEY FEATURES

Leverage Your Property’s Value

1. Flexible Loan Purpose

Use your home equity for various financial goals, including property investment, debt consolidation, or major purchases.
2. Competitive Interest Rates

Access equity at the same rates as standard home loans, ensuring cost-effective borrowing options.
3. Loan-to-Value Options

Borrow up to 80% LVR, with some lenders offering up to 90% LVR with Lenders Mortgage Insurance (LMI).
4. Debt Consolidation Benefits

Combine high-interest debts into one lower monthly repayment, reducing financial strain and simplifying repayments.

Unlock Your Home’s Value

Use our easy loan calculator to estimate how much equity you can access and what your repayments might look like. Get a clearer picture of your borrowing potential before you apply.

HOME EQUITY LOANS TIPS

Smart Borrowing with Home Equity

Accessing your home equity can be a powerful financial tool, but careful planning is key to avoiding common pitfalls. Here’s what you need to know before borrowing.

Managing a Line of Credit

Be mindful of flexible access—higher interest rates and easy withdrawals can lead to poor spending habits. Consider a term loan with an offset account if you need more control.

Avoiding Debt Traps

If you repeatedly consolidate debts without changing spending habits, you risk eroding your home equity and delaying financial security in retirement.

WHEN TO GO FOR A HOME EQUITY LOAN

You can borrow against the equity in your property for the following reasons.

Buying property

Business investment

Stock & shares

Debt consolidation

Car or boat

Home renovation

Holiday or wedding

Medical expenses

Key life events

Why Choose US

Professional Guidance for Home Equity Loans

Unlocking your home’s equity requires careful planning and the right lender. At Everrich Finance, we compare over 30 lenders to ensure you get the market-aligned interest rates, flexible terms, and tailored solutions that fit your financial goals.

Competitive Rates

We ensure your equity loan has the same low rates and benefits as a standard home loan, helping you save more.

Professional Guidance

Our mortgage specialists provide clear, professional advice to help you navigate lender restrictions, LVR limits, and cash-out policies.

Tailored Solutions

Every client’s financial situation is unique. We assess your needs and recommend the well-matched loan options to match your goals.

Customer Friendly Approach

From application to settlement, we handle the paperwork and negotiations, to take the burden off your shoulders.

We compare loans from a wide range of lenders

CORE ESSENTIALS

All you need to know about Home Equity Loans

What is a Home equity loan?

Housing prices have risen rapidly across most of Australia, giving homeowners a source of credit that they can access. Accessing equity in your home to expand your investment portfolio is one of the most affordable ways to secure funding to earn passive income.

What can I use my equity for?

You can borrow against the equity in your property for:

Buying another property.
Buying a business or investing in your business.
Investing in stocks, shares or managed funds.
Consolidating your debts, such as credit cards or personal loans, into your home loan.
Buying a new car or boat.
Renovating your home.
Helping to pay for a holiday, wedding or medical expenses.
To keep funds available due to life events like taking maternity leave.

If the purpose of your loan is not listed please call us (03) 9034 5223 or enquire online to see if you qualify.

How do I know if an equity loan is suitable for me?

It is important to be very financially disciplined when accessing additional equity in your loan. Adding more debt to your loan can increase the term of your loan and the overall interest payable back to the bank.

As a general rule of thumb, we will only recommend to release equity up to 80% Loan to value ratio of your property value, minus any existing loan you currently owe on the property. There are some lenders that will allow you to release up to 90% loan to value ratio but you will need to pay a Lenders mortgage insurance fee.

Tips for borrowing against the equity in your property

Line of credit loans: Line of credit usually has higher interest rates and allows you to freely access funds via ATM, debit card internet banking etc. This can quite easily escalate and create poor spending patterns. If you feel that the flexibility will create future financial problems, then we can consider a term loan with an offset account instead.
Debt consolidation: If you need to consolidate debt more than once in your life then the problem may be your spending habits. If you continue to take out more credit cards, personal loans and do not change your spending patterns then you will end up with the same problem.
If you do not adjust your spending and you continue to consolidate debt you will end up eroding the equity in your property. By the time you reach retirement age, you will be unable to retire because you will still have a mortgage.
Negative equity: Traditionally properties in Australia have trended upwards over time. But we often receive calls from people who have just purchased their property and want to release equity. If you only purchased your home in the last year or two then it is unlikely that you have any equity to release. In some instances, property values have gone down.

Home equity loans FAQ

Home Loans For Investment Properties: Your Questions Answered

1. Are Home equity loans the same rate as a normal home loan?

Yes, you can get the same rate as a standard home loan. We compare over 30 lenders to make sure that the additional equity that you ask to access has the same features, rates and benefits as a standard home loan.
We can help you compare the different professional packages, basic loans and line of credit loans available to ensure you get the lowest possible rate and fees.
2. Is a Line of credit suitable for me?

Banks are cautious to ensure that they have responsibly lent the client the money. So having an acceptable purpose and showing evidence of what you intend to do with the money is important. This is because some borrowers do not use the funds for the purpose that they tell the bank.
Most lenders have release of equity restrictions and accessing equity is restricted to $10,000-$50,000. Not every lender has cash-out restrictions. So, when discussing your loan requirements we will find out what you need and provide recommendations based on these requirements.
4. Is an equity loan suitable for me?

We only recommend that people take out a home equity loan if they are disciplined in the use of their money. Unfortunately, some people who apply for home equity loans end up spending the money on lifestyle expenses and have no plan of how to pay the money back.
As a general rule, it is very cheap to release equity up to 80% LVR (80% of your property value). There are some lenders that will allow you to release up to 90% LVR, however you will need to pay a once off Lenders mortgage insurance premium.
5. Low doc equity loan

Releasing your equity with a low-doc loan is particularly difficult as lenders do not have evidence of your income or what you are doing with the loan funds.
6. Low doc options

Most lenders wont require you to submit tax returns or financials if you sign a declaration confirming your income. The lender can then assess your loan using the declared income.
7. Consolidating debt with release of equity

One of the most common reasons that people release equity in their property is to consolidate unsecured loans into one low monthly repayment. Credit card rates range from 13%-25% and personal loan range from 9%-15%. By consolidating these unsecured debts into your home loan you can significantly reduce the interest and ongoing repayments.

We can help you find the most suitable lender please call us on (03) 9034 5223 or enquire online to see if you qualify. One of our consultants at Everrich Finance can assist you in getting your loan approved.

Testimonials

Love from Clients

James provides open and honest advice. He values long term relationship and will tell you what you need to hear even if that may be against his own interest in…

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I would give 6/5 stars if possible! Murray came highly recommended to me by a close friend and I have since recommended Murray to our friends and family. His hard…

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First Home Owner

Purchasing my first property would not have been possible without the help of Murray at Everrich Finance. He was extremely thorough in every step of the application process and always…

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