Take advantage of a competitive market and add more value to your home
Whether you switch to a new lender or stay with your current one, refinancing your home loan for renovations is a common way to achieve your goals sooner. It can add to your lifestyle but also to your property’s future value.
Home equity is the difference between the value of your home and the amount you still owe on your mortgage. Commonly referred to as a home loan increase or home loan top up, the benefit of borrowing from your equity is that you can access the money at a better rate than traditional loans.
No matter how big or small your renovation project, it pays to have a mortgage broker who can help you leverage the best refinance offers for your needs, including discounted rates and cash back bonuses.