The equity you have worked hard to build in your property can be put to use if you don’t have the available funds for further investment.
With equity lending from Pacific 8, property owners can access a portion of their property’s equity without having to sell, freeing them to use it for any approved business purpose. It is an additional loan to your first mortgage, with the amount taken as a percentage of your home’s market value minus any outstanding loan balances.
Through our equity lending services, we are able to deliver:
Equity refers to the value of your property portfolio after subtracting any outstanding mortgage balance. It increases as you pay down your mortgage and if the market value of your property rises.
Taking out equity release loans involves a completely new loan product, not connected to your previous property loans.
Simply make an application, and our specialist team will:
Once approved, we can finalise your equity release loan in a matter of days and work to find the best rate for your financial needs.
$800,000
1st Registered Mortgage
Renovate Property
24%
12 months
Loans are assessed immediately, and if everything is in order, we can settle within three days. If you were with a bank, it would take weeks to get your loan looked at.
The amount of equity available for borrowing against your home typically depends on the value of your property and any outstanding mortgage balance.
When looking to borrow money against your home or property portfolio, our team at Pacific 8 will take the time to understand your financial position, the intended use for the injection of funds, and the percentage of equity needed to access before approving equity release loans.
Interest rates on equity release loans vary depending on the lender, the type of loan, and market conditions. While equity release loans typically have higher interest rates than standard mortgages, our team at Pacific 8 works to find the best solution for your financial situation.
