You can use existing equity you have in your property as security when the purpose of your loan is an investment.

If you’re looking for advice on investing in property you can read about Investment Loans here.

In many instances, lenders will allow you to borrow your existing equity for other investment purposes such as shares in the stock market. If you are looking to use your existing equity for an investment but are unsure if it’s a suitable investment, speak with a mortgage broker who can give you the proper advice.

Other purposes you can refinance your home loan for:

• Holiday/vacations
• Medical expenses
• Unexpected emergencies

If you’re interested in refinancing your existing loan for any purpose, we’d love to discuss your options. Talk to a mortgage broker today.