A home equity loan lets you borrow against the value you have already built up in your property. Equity is the difference between your property’s current value and the balance of your existing home loan.
Many Australians use home equity to fund renovations, invest in property, consolidate debts, or cover major expenses without needing to apply for a completely new loan from scratch.
FinUp’s Home Equity Loan Calculator gives you a clear estimate of how much equity may be available based on your property value and current loan balance.
You can also see indicative repayments to understand how changes to loan size or interest rate may affect your cash flow. This helps you plan ahead and decide whether accessing equity suits your goals.
Results are estimates only and do not represent a loan offer or approval.
Home equity is flexible and can be structured in different ways depending on your situation. Common uses include
The right structure matters. The way equity is accessed can affect interest costs, tax outcomes, and long-term flexibility.
Most lenders allow borrowing up to a percentage of your property’s value, commonly up to 80 percent, before lenders mortgage insurance may apply. Some borrowers may be eligible to access higher amounts depending on their circumstances.
Your borrowing capacity will still be assessed based on income, expenses, existing debts, and lender policy.
The calculator provides a helpful starting point, but a full assessment is always required.
Accessing equity increases your total debt and may extend your loan term. It is important to consider
Professional advice can help ensure equity is used in a way that supports your plans, not limits them.
The calculator is a great first step, but every situation is different. FinUp can review your equity position, explain your options, and help structure a solution that aligns with your goals.
If you are considering using your home equity, speak with FinUp to understand what is possible and what makes sense for you.