Considering drawing out the equity (cash advance from built up equity) in your current property?
For accessing the equity built up; you may either consider refinancing your mortgage loan (Cash-advance refinancing offers you additional surplus funds over and above the amount required to pay out your existing mortgage loan) or approach your current lender for an increase in your current home loan limit.
In consideration of either option it will be necessary for the lender to undertake a property valuation.
Using our Home Equity Cash-advance Calculator will provide you with a basic guide of the equity availability in your current property.
The amount of equity available will largely depend upon the valuation amount of your property.
Simply complete the required information under "Property details”.
Once the property details are completed press "Calculate". You will then be provided with an approximate loan amount. Please refer to the Disclaimer and Calculator Assumptions herewith.
