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How much useable equity do you have in your home?

Thursday, 13th January, 2022 // Tips & Advice

Equity is the difference between your properties value and how much you owe the bank. If you meet the banks lending criteria you can take out a loan using your equity as security.

You can buy anything you like with it.

You can also use it as a deposit on an investment property.

The bank holds some of your equity back to protect their interests as they have lent you some money to buy this property. Use this calculator to discover how much useable equity you have. Email the results to michael.sloan@bhgre.com.au and we will tell you what value property you can buy with your equity. https://thesuccessfulinvestor.com.au/tools/calculators/equity-calculator/

Disclaimer: The opinions posted within this blog are those of the writer and do not necessarily reflect the views of Better Homes and Gardens® Real Estate, others employed by Better Homes and Gardens® Real Estate or the organisations with which the network is affiliated. The author takes full responsibility for his opinions and does not hold Better Homes and Gardens® Real Estate or any third party responsible for anything in the posted content. The author freely admits that his views may not be the same as those of his colleagues, or third parties associated with the Better Homes and Gardens® Real Estate network.