Why Equity Release Now?
If your Marsden Park property is now worth more than when you bought it, you may have usable equity, subject to a valuation and lender criteria. Equity release lets you borrow against that equity without selling.
Common Uses for Equity Release
- Renovations: Kitchen, bathroom, extension—borrow to invest in your property
- Investment property: Use equity to deposit on an investment purchase
- Debt consolidation: Pay off credit cards and personal loans, which may carry higher rates
- Business investment: Fund your business expansion or startup
- Education: Pay for kids' school or professional training
How Much Can You Borrow?
As an illustration only, using an 80% LVR (the maximum varies by lender) on property value minus outstanding mortgage:
- • Property value: $650k
- • 80% LVR: $520k available
- • Current mortgage: $350k
- • Available to borrow: $170k
Marsden Park Property Market
Marsden Park is a growing area of Sydney, and values vary by property and over time. Some owners may have usable equity, depending on their property value and loan balance.
Process
- Free consultation: We assess your property value and available equity
- Rate comparison: Compare equity release rates across a wide panel of lenders
- Approval: timing varies by lender
- Access funds: Funds are generally available after settlement