Pakenham & Warragul
All enquiries & appointments (03) 9067 6995
After paying off your mortgage for so many years you have been building up the equity in your home. At Insight Lending we can check your ability to tap into these funds by refinancing your existing mortgage.
This can be the easiest way to purchase that new car or even provide the deposit to purchase an investment property.
The equity that is locked up in your home can be used to fund the purchase of a rental property as a tool for wealth creation. This process is called cross collateralization and a property investor should understand this concept.
Depending on how much equity you have in your current home you may be able to cash out some funds from your home to be used elsewhere for things other than investment. You may need some extra funds for renovations or travel. If you want to find out more about how much equity you have available in your home feel free to give us a call for a free no obligation consultation.
If you would like to find out how much equity you have access to in your current home give our broker a call for a free no obligation consultation.