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Its based on 'assessed' expenses, not actual expenses. Most banks will take your mortgage debt at around 7% and P/I repayments, not the actual repayment you pay. Cheers, Redom

Heya, If you're looking to draw out equity - what is the purpose of those funds? Is it to fund more investments? By strategy, it makes sense to map out your next moves and then order vals/draw out equity. For example, it doesn't make sense to order those valuations if you don't have...

Which bank Avatar? To release equity the bank will need to do some sort of valuation on your property. Some banks you can order valuations upfront without too much of an issue. Others you may need to submit a full application for funds before a valuation comes through.