Home Equity 101: Everything You Need to Know

Are you curious about home equity and how it can benefit you? In this video, we cover everything you need to know about home equity, including how to calculate it, how to use it to get a better rate, and all the ways you can access it. We define what home equity is and explain how it can differ from the bank's perspective. You'll also learn about the two primary factors that cause equity to grow and discover seven easy ways to increase your equity position. We even share how you can purchase a home with no deposit by using your equity.

If you're considering accessing equity from your home, we'll provide valuable tips to ensure you benefit fully without incurring additional interest charges. And if you're looking to refinance, we can help you with that too. Hunter Galloway services Australia wide and we don't charge a fee.

Watch this informative video to discover how home equity can work for you. Don't forget to subscribe and like the video to stay up to date with our latest content. If you have any questions, reach out to us online or call us at 1300 088 065.

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[susmusmanoj]

Mate u didn't tell .. how the equity loan will eventually work ..

Eg we want to buy a prop worth 420k


My existing prop is valued at 550k
Existing loan that I owe is 400k
So equity is 150k ? Am I right ?

Now when I take the new loan bank will give me 80% of the same = 80k .

Question : will the bank make a new loan with new interest rates etc or will it add to my existing Prop no. 1 ( with same interest rate ?)