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Can I use the equity in my current home as a deposit?

Yes, you may be able to use the equity in your home as an investment property deposit.

How is equity calculated?

Your accessible equity is the difference between your home’s current value and how much you still owe on your home loan. If you’ve lived in your home for a few years, you may have accumulated a reasonable amount of accessible equity.

Most lenders may only lend up to 80% of your home’s current value minus your current home loan limit. This is known as your usable equity, which is less than your accessible equity.

Still have questions about using your equity? Give one of our home loan experts a call on 1300 992 700 or send an email to myenquiry@homeloans.money.qantas.com

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Can I use the equity in my current home as a deposit?

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