Can equity in our home be accessed safely



From: The Gow's

hello all
can we safely access the $50k in equity that we have in our home. Would this amount enable my wife and i to start our property portfolio?
Thanks in advance
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Reply: 1
From: Paul Zagoridis

Hi John

Depends on what you mean by "safely". The nature of investment means there is risk. If you borrow your equity to invest you increase your outgoings. The goal is to increase your income by more.

So this is not a totally smart-alec reply... Yes you can.

Either refinance your home loan into a line-of-credit type facility that lets you borrow up to 90% or 95% of the value. This lets you make deposits.

Better still talk to your existing bank and see what they'll offer you in the way of investment loan with a top up on your house.

Hopefully that's clear. If not this forum will answer most questions.

Always remember, when you owe a bank a few million and things get tight, you have a problem. When you owe them a few tens of millions and things get tight, THEY have a problem


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