Use the available equity in your home, to create an amount of funds or credit that is available to be used for any worthwhile purpose, when and how you please, at a low interest rate.

What is available equity?
Available Equity is simply the difference between the maximum amount you can borrow against your property and the amount you currently owe against your property e.g. If you are able to borrow a maximum amount of $360,000 against your property and you still owe $250,000 on your property, you have available equity of $110,000.  

How it works.
With a CommunityBE$T Equity Home Loan*, you will have an approved loan limit, being the maximum amount you can borrow up to at any one time. You will have access to the available equity to be used for any worthwhile purpose you choose, like an investment, vacation, motor vehicle, swimming pool, landscaping, education, medical bills or day to day living expenses. We recommend that advanced loan management techniques be employed when using an Equity Home Loan for the short term funding of day to day living expenses.  

Benefits.
Saving for a worthwhile purpose like a holiday or motor vehicle can take time and there is no guarantee that the price of the holiday or motor vehicle will be the same by the time you have saved enough funds. But because you have ready access to available equity in your home loan, you may be able to take advantage of a special sale or discounted price that may occur beforehand.

Good investment opportunities are at times few and far between, and whenever an opportunity presents itself, we may not have enough available spare cash or be able to access the funds required within the time available. But with an Equity Home Loan you have ready access to the available equity in your home loan enabling you to take advantage of many opportunities.  

In fact, provided you have available equity, you will have 24/7 access to ready cash to be able to do practically whatever you want, when you want.

Our Equity Home Loan has been designed with maximum flexibility in mind to suit your needs and is packed with loads of features including 24/7 access to your available equity via Internet & Phone Banking, ATM/EFTPOS Card, Direct Debits and Cheque Book.

Turn your mortgage liability into an asset with the purchasing prowess and superior cashflow management techniques available with a CommunityBE$T Equity Home Loan*. Use your equity to wipe years off your mortgage and save thousands in interest?

If you would like to discuss the benefits of a Home Equity Loan with a CommBE$T Mobile Lending Strategist, simply phone the Finance Centre on (02) 4633 8700 or email us and we will contact you.

* Loans subject to application and approval. Terms, conditions and eligibility criteria apply. Fees and charges may be payable.