Here’s how equity can work in simple numbers 👇 Let’s say your home is worth $800,000. If you owe $640,000 (80% loan), that means you have $160,000 equity (20%). Equity is simply the difference between what your property is worth and what you owe the bank. Now here’s where strategy comes in. Some investors choose to refinance and access a portion of that equity — often keeping their total lending at or below 80% — to help fund a deposit or costs for another investment property. They’re not selli
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🏡 Homeowners up $82,000 in equity over the past year 🏡⁣ ⁣ Here’s what you could do with your home’s increase in equity:⁣ ⁣ 🔨 Renovate: boost your home’s value and live in more comfort. ⁣ ⁣ 🏘️ Investment property: equity can often be used as a deposit. ⁣ ⁣ 🔄 Refinance: your improved LVR could land you a better rate.⁣ ⁣ DM us if you want to make your home equity work harder. 👇⁣ ⁣ To find out more, DM or contact the Mortgage World Australia team on: ☎️ – 1300 66 12 11 💻 – info@mortgageworlda
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