Mortgage brokers - Mates Rates

You can access your equity if you need to

You've worked hard to build equity, now what?

Is using the equity you have built in your home right for you? If you are like most people, property, whether it is your home or investment property, is one of the most valuable assets you own.

If you have built up equity in property and are looking to do other things, such as buying shares, purchasing more property or just going on holidays could be easier and more cost effective using real estate equity. Interest rates on your mortgage are lower than almost every other form of credit. This can make it attractive to borrow against your mortgage rather than taking out a personal, margin or other type of loan.

Is an equity access mortgage right for you

With the right equity access mortgage for your needs you can:

invest at lower rates and without the need for margin loans
Keep your overall monthly repayments lower than personal credit
Make your money easier to manage by keeping to one payment
Reduce the amount of interest that you pay compared to other forms of credit
Give you ongoing access to funds as you need them

The sky's the limit

Different lenders have very different rates and credit policies affecting what you can do and how much you can borrow. Most lenders will not restrict what you use the money for, provided you have sufficient equity in the property you are using for security. Switching to equity access mortgages may not require a switch in lender, however it is often a good opportunity for you to check the market generally and see what is on offer.

Avoid mortgage insurance

Although it is always a good idea to avoid lenders mortgage insurance, it is a particularly good idea if you are thinking about an equity access loan. If you are subject to mortgage insurance, find out how much and do your sums carefully. Take a moment to read our special article on lenders mortgage insurance.

How Mates Rates helps

Mates Rates will structure a solution based on your own personal needs. Our experience allows us to help you understand your mortgage options and answer important questions like:

How much can you borrow?
Which lenders have the most effective credit policy for your situation?
Can you avoid mortgage insurance?
What lender offers the better cost effectiveness for you situation?

Once it's done

Mates Rates continues to grow with you, know matter how much your needs change. Whether you need to switch lenders, or split between lenders, our ongoing support and familiar voice will always be there to help.

Click here for a confidential chat with a professional mortgage broker.

Access Your Equity