Mortgage Minute: Topping up your home loan for renovations

In this mortgage minute we look at topping up your home loan for personal reasons or to carry out home improvements.

First we take a look at what you are wanting to do and ensure your current lender is still the best option for you. If not we can represent you in getting a good deal with the right right lender.  

The current equity in your property can be realised to assist with getting a top up.

Depending on the situation we may be able to help you get a top up approved quickly or a full application may be required. We will go through the loan process with you, which can be similar to a build loan depending on size of the improvements.

You may be looking to build a granny flat or self-contained unit – these incomes are assessed differently and may be crucial in how the lending is achieved so we can go over all scenarios before you invest time in plans/designs

We make it simple and work with you throughout to ensure there are no hiccups or misinformation. So give me a call today on 03 441 1307 and we can get started.