Equity Release | Mortgage Broker Somerville, Merricks & Red Hill

Did you know the equity in your property could be the key to achieving your next goal? Whether it's renovating, buying an investment property, or consolidating debt, releasing equity can provide the financial boost you need. As your local Mortgage Broker in Somerville, I can help you understand how to put your equity to good use.

What is equity?

Equity is the difference between what your property is worth and how much you owe on it. In simple terms, it’s the portion of your home that you truly own. For example, if your home is valued at $600,000 and you have a $300,000 mortgage, your equity would be $300,000.

The more your property value increases or the more you pay off your loan, the more equity you build. This equity can then be accessed to help fund goals like home renovations, buying an investment property, or consolidating debt.

I can help you:

• Assess your equity: I’ll help you understand how much equity you’ve built up in your property and determine how much you can access.

• Find the best loan options: With access to over 35 lenders, I’ll find the right loan product to release your equity, whether it’s through a home loan top-up or a new line of credit.

• Explain the process: As your local Somerville Mortgage Broker, I’ll walk you through the steps of releasing equity, from application to approval, so you feel confident and informed every step of the way.

• Guide you on the best use of equity: I’ll help you make smart decisions on how to use your equity to achieve your financial goals in the short, medium and long term.

 

 

Unlocking your next goal with equity

You’ve worked hard to build equity in your home, now it’s time to put it to good use! Whether you’re growing your wealth, upgrading your home, or funding a new adventure, I’ll help you access it effectively and confidently.

Book a chat with Jo

  

FAQ: How much equity can I access?

To figure out how much equity you can tap into, just subtract what you owe from your property’s current value. For example, if your home is worth $700,000 and you still owe $300,000, your equity is $400,000. But keep in mind, most lenders let you borrow up to 80% of your home’s value without paying Lender’s Mortgage Insurance (LMI). As your local Somerville Mortgage Broker, I will talk you through your equity options and how much equity you have available!

The first step to your next goal

I’m based right here on the beautiful Mornington Peninsula and love helping the local community achieve their property goals. Let’s connect however suits you: phone, video, or face-to-face across Somerville, Merricks, Red Hill, Tyabb, Hastings or across the Peninsula.

Call Jo Gross directly on 0400 401 289 or get in touch below.

Call: 0400 401 289  Book a chat with Jo