Share:
Print:
Register for the RateCity Newsletter! Register
RateCity takes your privacy seriously. Please check out our Privacy Policy for more information. We won't sell your personal details to anyone else, and you can un-subscribe at any time.

This is an information service. By browsing on the website and/or using our search tools, you are asking RateCity to provide you with information about Home Loans from multiple financial institutions. We will try to show you a range of products in response to your request for information. The search results do not include all providers, for further details refer to our FSCG. We are not a credit provider, and in giving you product information we are not making any suggestion or recommendation to you about a particular credit product. If you decide to apply for a Home Loan, you will deal directly with a financial institution, and not with RateCity.

Home Equity Loans

Equity is the difference between the value of your property and the amount you owe on your mortgage. By building equity your aim will be for your home to increase in value compared to the amount you paid for it.

Home equity loans come into play when you choose to re-finance or borrow an amount against the value of your home, providing you with a line of credit on your home loan. Just like any other loan, the amount you can borrow will largely depend on your financial situation. Any assets, existing debts and salary will be considered.

For more information on what equity is read our story on Building Equity

Advertisement

About Mortgages Articles

RateCity provides mortgage news and features, including a range of weekly stories and economic updates. By checking our mortgage news and features daily, you can ensure that you receive up to date, expert commentary on current financial and economic issues. Before you search, compare or apply for the best mortgage for you, help yourself understand the market by reading mortgage news and features at RateCity.

Ninemsn_home_loans_sept11