home equity loans, home equity, home loan

Need to remodel your home but you don’t have any cash? Need to send your eldest to college? For large, unavoidable expenses you can use the equity in your home to pay for them. Equity is the amount of money you have left between what your home is worth and what you owe on your current home loan. When you apply for a home equity loan through Australian Lending Centre, we provide you with a set amount of funding, a home equity loan, that you’ll pay back over time — just like your home loan. We offer both fixed and adjustable rates depending on the size of the home equity loans you are applying for and timeframe you’re looking to pay back your loan in.

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Home Equity Loans Tailored To Your Needs

If you need a home equity loan, a certified specialist at Australian Lending Centre can give you the information you need to see if one of our home equity loans is right for you. Contact a specialist today by calling 1300 138 188 or Enquire Now.

Home Equity Release Benefits

When you access the equity in your home, you’re able to locate an easy source of cash. The interest rate on these types of loans is higher than your original home loan, but still lower than what you’d get applying for a credit card or personal loan. In fact, many Australians use home equity loans to pay off their credit cards and consolidate debts. Also called a home equity release, it is a smart way to access cash without piling debt on to your credit card at an unsustainable interest rate.

The Benefits Must Outweigh The Risks

Although there is some risk in leveraging your home to access its equity, the benefits outweigh the risks. Your home equity loan shouldn’t be used for expensive luxuries or taking a family vacation, but if you use your equity wisely, you could help improve your financial future. Let the experts at Australian Lending Centre analyse your home’s equity and see if you qualify for a new home loan. Whether you want to consolidate debts or remodel, we have the home equity loan expertise to make it happen.

Home Equity Loans: Typical Uses

Essentially you can use home equity loans for anything you like. Most consumers use their home equity loans for:

  • Consolidating debts — transforming multiple credit card payments into a single payment and interest rate.
  • Improving the home — adding square footage, remodelling rooms or renovating the entire structure.
  • Investing in a child’s education — use your home’s equity to pay for your child’s post-secondary education, graduate work or internship.
  • Recreation or investment – purchase a new boat or investment property using your home’s equity.

Contact us now by ringing 1300 138 188 or Enquire now.