Can I apply for extra funds on my existing mortgage?
Provided you have the equity available in your home and are able to service the new debt, it may be possible to add an additional loan to your mortgage. This is often referred to as a top up mortgage and allows your equity to be used to do other things – such as buy another property, renovate, consolidate debts or purchase a car. However, it is important to note that top ups are not available for all home loans.
If it’s time for a top up, we can assess your personal situation and explain the process. It's easy to get started, just request a free appointment with an expert Aussie Broker today.