A home equity loan allows you to borrow against the equity you have in your home to invest in shares or property, repay your debts, renovate or pay for lifestyle expenses.
Using equity to build wealth through property investment
Unlocking the equity in your home could be an option if you were thinking about purchasing an investment property, as it could help with a deposit for that purchase. Investors may be able to negatively gear their property investments depending on their personal circumstances.
What can I use my equity for?
Depending on your financial circumstances (and the advice you receive from your financial and tax adviser), you may be able to use some of your equity for a wide range of purposes, like a new car or renovations. You may also choose to create or build an investment portfolio. There are many possibilities, it's really up to you.
By unlocking the equity in your property, you may be able to take advantage of these opportunities sooner.
Talk to one our brokers about how you may be able to take advantage of your equity.
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