Why Specialist Lenders?
Properties have grown significantly in value. You may be able to access your equity for renovations, investment, or life events, subject to lender criteria. Some mainstream lenders may find certain income structures harder to assess, and specialist lenders may take a different view. Rates and timing vary by lender.
What You'll Need
- Last 2 years tax returns
- Recent payslips or income documentation
- Employment/contract letters
- 6 months bank statements
How Much Can You Borrow?
Borrowing power varies by lender and depends on your complete income assessment.
How Much Equity Can You Access?
As an illustration only, using an 80% LVR (the maximum varies by lender) on your property value minus your outstanding mortgage:
- • Property value: $700k
- • 80% available: $560k
- • Current mortgage: $380k
- • Can borrow: $180k
Common Uses
- Home renovation: Kitchen, bathroom, extension
- Investment property: Use equity as deposit on new purchase
- Debt consolidation: Pay off credit cards at lower rate
- Business investment: Fund your business expansion
- Education: Children's university or professional training
- Major life events: Wedding, health expenses
Why Equity Release Now?
Property values have grown significantly over the last 5 years. You may have usable equity, depending on your property value and loan balance. Equity release lets you use that growth for your priorities without selling your home.
Our Process
- Free assessment: We value your property and estimate available equity
- Lender match: We compare options to find a rate that may suit your situation
- Same-day response: We aim to reply the same day. Approval timing varies by lender and how quickly documents are ready
- Funds: Timing of funds depends on the lender and settlement
Ready to explore your options?
Call Mortgagefy to talk through specialist lending options for your profession in Campbelltown.
0432 634 648