Calculators · Refinancing
How much equity could you use?
The equity in your home can fund a renovation, an investment deposit, or your next purchase. This gives you a rough idea of how much you might access.
Access level
Going above 80% can unlock more equity but usually means paying lenders mortgage insurance. Lenders set their own limits and criteria.
Estimated usable equity
$350,000
Up to 80% of your property value, minus what you still owe.
Equity vs usable equity
Your total equity is simply what your place is worth minus what you owe. Usable equity is the slice a lender will actually let you borrow against, usually up to 80% of the value without lenders mortgage insurance. That's the number that matters when you're planning a move.
The buying-power figure is a rough guide only, since it depends on your income and a lender's assessment. To turn equity into a plan, look at investment property loans or check what you could borrow with the borrowing power calculator.
Thinking about using your equity?
Book a free call and I'll work out exactly what's available and how to structure it properly.
Important information
This information is general in nature and does not take your personal objectives, financial situation, or needs into account. It is not credit assistance or a recommendation to enter into any particular credit contract. Consider whether it is right for you and seek advice before acting. Lending is subject to a lender's eligibility and approval criteria. Terms, conditions, fees, and charges apply. Usable equity and buying-power figures are estimates only. The amount you can actually access depends on the lender's valuation, your income and expenses, and their approval criteria.
Greenwood Finance · ABN 23 671 049 693 · Credit Representative No. 551942.