Line of credit or equity loans

  • Access equity in your property
  • Make additional payments
  • Quick access to funds when you need
  • Flexible repayments management
  • Be wise on how equity used
  • Ideal for further investments

These are designed to allow you to access the equity available in your property. The amount of equity generally able to be accessed is 80% of the property value less the current amount of the loan.

The amount of equity available for your future use increases by making additional repayments, and as your property value increases, so does the amount of equity available because your loan size remains the same.

Once you have your loan limit established, you can make additional payments into your loan, or lump sums, or draw against the increased equity by virtue of value growth, without the need to establish another loan.

If you are disciplined with your finances, this is a great way to finance home improvements, travel, purchase of another investment etc in preference to taking out a more expensive personal loan.


  • Allows you to access finance when you need it at home loan interest rates rather than more expensive credit card or personal loan rates
  • Allows flexible payments, minimising repayments during periods you require cashflow for other purposes
  • Very flexible with quick access to additional funds when you need them without a new loan needing to be taken out
  • Usually only requires a minimal admin fee to access the equity funds


  • Every time you draw on the equity it will decrease the equity you have in your property
  • Usually involves higher interest rates than basic loans
  • Using equity means paying more interest, therefore increasing the total interest you pay
  • Can be very expensive over the long term if not used wisely

With hundreds of different loan products in the market from all lenders, it can be a daunting time to go shopping for a home loan if you are doing it yourself or don't know what to look for. The benefits of why you should use a professional Time Finance Mortgage Broker are guaranteed.

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Depends on the size of your deposit, the value of the property, and your servicing capacity (based on your income and how much you are able to repay).


Most mortgage lenders will require a deposit of 20% or more of the property price. Less may be required however will require mortgage guarantee insurance in most cases


Depends on the type of loan, intrerestr rate, payment term, and whether you pay monthly or fortnighly. Use us mortgage calculators to guide you.


Every state is different and may depend on the value, whether you are building or buying an established home. Read more in our FHOG article


It is a rate that includes both the interest rate and the fees and charges relating to a loan, combined into a single percentage figure that lets you compare loans from differengt lenders on a fair comparison.


This 'in principle approval' is usually valid for 3 months. Gives you the confidence on how much you can borrow before your purchase a property.


The cost of Stamp Duty varies between States and Territories. Subject to your personal loan circumstances, the cost of stamp duty can be included in the loan amount you borrow.

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