How we'll look after you
When you’ve lived in your home for some time or have worked hard on renovations, chances are it will have significantly increased in value. Whether you own your home outright or still have a mortgage with us, we’ll help you to take advantage of your increased equity.
You can spend the money however you like; consolidate high interest debt (such as credit cards), fund a trip, a major purchase or an investment. As well as being cheaper than personal borrowing, an equity loan is separate from your home loan with a shorter term and less principal. That means you pay off your purchases quicker and spend a lot less on interest.
Some of the options:
Home Equity Loan
- Up to a twenty year term
- Lower repayments than personal loans and credit cards
- Separate to your home loan, so you can pay it off sooner
Mortgage Breaker
- Standard variable interest rate
- Offset facility [what's this?]
- Redraw facility [what's this?]
- Option to fix rate at any time
- Top-ups available
Home Equity Overdraft
- Revolving line of credit
- Easy access to funds via EFTPOS and ATMs
- Use funds whenever and wherever
[Other home loans that might look like you.]
A Product Disclosure Statement (PDS) is available for this product and you should read the PDS before making any decisions about the product. As this advice has been prepared without considering your objectives, financial situation or needs, you should, before acting on this advice, consider its appropriateness to your circumstances.
