Compare home equity

Find home loans from a wide range of Australian lenders that best suit your needs, whether you're investing, refinancing or looking to buy your first home. Compare interest rates, mortgage repayments, fees and more. - Data last updated on 21 Sep 2018

Compare home equity

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A home equity loan, also known as a line of credit, could be a great option for Australian borrowers who want to take advantage of the equity they have in their current home. At RateCity you can carry out a search online to compare home equity home loans side-by-side, highlighting some of the best deals.

Home equity loans can be used for a range of reasons including, but not limited to, home renovation, to purchase another property or even to fit out your home with new furniture. The amount of equity you can borrow will be worked out by your lender who will calculate the current value of your home minus your existing mortgage balance.

Australian home owners could benefit from this type of home loan as it allows you to pay off the interest only but also offers the flexibility to make extra repayments, if you want to start paying towards the principal also. Generally you have access to redraw funds whenever you need it and for whatever purpose.

If want to make your home equity work for you start searching and comparing Australian home equity loans below.

FAQs

... gone up in value it can sometimes be a lot more. ... reading "What is equity? How can I use equity in my home loan?"
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^Words such as "top", "best", "cheapest" or "lowest" are not a recommendation or rating of products. This page compares a range of products from selected providers and not all products or providers are included in the comparison. There is no such thing as a 'one- size-fits-all' financial product. The best loan, credit card, superannuation account or bank account for you might not be the best choice for someone else. Before selecting any financial product you should read the fine print carefully, including the product disclosure statement, fact sheet or terms and conditions document and obtain professional financial advice on whether a product is right for you and your finances.

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