Addisons can assist you to utilise the equity in your home to fund renovations, build your property portfolio or even enhance your lifestyle.
Equity simply refers to the difference between what your home is worth and how much you owe on it.
For example, if your home is worth $500,000 and you owe $200,000, you have $300,000 in equity. Over time, as you reduce the amount you owe on your home or the value of your home grows, your equity increases. It's that simple.
Using equity to build wealth through property investment
Addisons can show you how unlocking the equity in your home can be an effective way to assist in purchasing a rental property to help build your wealth. Residential investment properties can be a popular investment, having the potential to provide investment security, capital growth and rental income.
If you haven't already invested in property, making a start may be easier and more achievable than you think.The key factor is getting the right advice to help ensure you make the right decision about your loan. Addisons has access to a full range of residential investment loans which are designed specifically for the needs of residential property investors.
What if I'm still paying off my home?
Provided you have substantial equity in your home, you may be able to release funds to start investing sooner. A good point to remember is, it's not just about reducing the amount you owe on your home that increases your equity, if the value of your home has risen since you bought it, your equity is likely to have increased.
By unlocking your equity you may be able to access a whole range of opportunities sooner. If you've been putting off that small home renovation or investment strategy until you've saved enough capital – don’t delay any further. Call us today so we can work how much equity you have available – and begin your investment journey sooner.