EQUITY CALCULATOR
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Lets see how much equity you have available and start putting it to use.
WHAT OUR CUSTOMERS SAY
Don't just take out word for it
ANGUS
Panorama
My wife and I had an incredible experience working with Elliot as our mortgage broker. From start to finish he was responsive and extremely helpful. He provided a number of lenders with pros and cons, assisting us with what would work best for us. He took the time to explain the whole finance process to us, notifying us of any additional costs from the chosen lender. This was greatly appreciated as he assisted us with re structuring our accounts.
He helped with moving from start to finish from our current bank through to our new lender including all steps along the way (insurance etc). He was contactable at any time, this made the process stress free and easy, keeping us informed as the loan moved through. With Elliot we felt supported the whole way through and we were extremely happy with the service.
We highly recommend Loan Theory to anyone seeking expert loan advice and support. Loan Theory provides an approachable, professional and friendly service.
FREQUENTLY ASKED QUESTIONS
Here to answer all of the tricky questions
What counts as "equity" in my property?
Equity is the difference between what your property is worth and what you still owe on your mortgage. If your home is valued at $600,000 and you owe $400,000, you have $200,000 in equity. This calculator estimates how much of that you could potentially access.
Will accessing equity increase my monthly repayments?
Yes, in most cases. When you release equity you are increasing your total loan amount, so your repayments will typically go up unless you extend your loan term to offset it. It is worth running the numbers with a broker before committing so you know exactly what the new repayments will look like.
What can I actually use equity release funds for?
Common uses include renovations, buying an investment property, consolidating debt, or funding a large expense like a car or education costs. Lenders will sometimes ask what the funds are for, particularly for larger amounts, so it is worth having a clear purpose in mind.
Is releasing equity the same as refinancing?
Not quite. Refinancing means moving your loan to a new lender or product, which you can do with or without increasing the loan amount. Equity release specifically means increasing your loan balance to access cash, and it can happen with your current lender or as part of a refinance. They often happen together, but they are not the same thing.
