equity

• 29 Feb, 2024

• Categories Home Loans

Cashing-In On Home Equity

What is Home Equity? A home equity loan, also known as a line of credit, is a great option for borrowers in Australian. If you are ever in need of some extra cash, whether during an emergency or other purposes, your home equity can be used as a source of low-cost funds to help you achieve those personal goals. Many parts of Australia’s property market took off in 2014 and 2015, which is not a hidden fact. However, the prime question is, “what does this  mean for homeowners?” For homeowners, the catch here is that your home equity is actually…