Buying the Second & Subsequent Properties Becomes Easier
Did you know that you can use the equity in your current home as a deposit on a second property? The lending specialists at Mortgage House make this process easy by helping you refinance your home loan, allowing you to access your equity to purchase another property.
Refinancing to Access Equity
As soon as you start repaying your home loan, you start gaining equity in your home. Equity is the difference between your property’s value and the outstanding amount on your home loan. For instance, if your property is worth $500,000 and you have $200,000 remaining on your home loan. Your equity is $300,000. Refinancing allows you to access this equity.
Refinancing with Mortgage House
At Mortgage House, we have a simple three step process for easy refinancing. We perform a home loan health check to determine how much equity you have in your property. Our lending specialists make this easy by performing one over the phone or in person, and it can be completed in as little as 20 minutes. Second, once we determine the amount of equity in your home, we can set you up for pre-approval for your next home loan and will help you find the right loan product for you. Third, we will help you make the right choices about your future home loan, finding one with a competitive interest rate and beneficial features.
Accessing your home’s equity shouldn’t be complicated. Our home loan specialists make the refinancing process simple and straightforward so you can reach your goals.