Your home equity - the difference between your property's value and what you owe - is one of your most powerful financial tools. Whether you want to renovate, invest, or fund a significant life goal, accessing your equity through a well-structured loan can help you move forward without selling your property.
As a general guide, most lenders allow you to borrow up to 80% of your property's current value (minus what you still owe). For example:
| Property Value | Current Loan | Available Equity (up to 80% LVR) |
|---|---|---|
| $800,000 | $450,000 | Up to $190,000 |
| $1,000,000 | $600,000 | Up to $200,000 |
| $650,000 | $400,000 | Up to $120,000 |
These are illustrative examples only. Actual amounts depend on lender assessment, property valuation, and individual circumstances.
Michael Gross is a Credit Representative (546597) of LMG Broker Services Pty Ltd (ACN 632 405 504, Australian Credit Licence 517192).
Get a complimentary, no-obligation assessment and I'll get back to you within one business day - over a (virtual) coffee, of course.