Home Renovations
Fund improvements or extensions that maintain or add value to your property, subject to lender assessment.
Put Your Property Equity to Work
Know your equity and its responsible use.
If you've owned your home for a while, you may have equity. This equity could support your next financial move. We can help you understand your options and if accessing it makes sense.
Understanding What You May Have Available
Equity is the difference between your property's value and loan balance. Equity release means borrowing against that equity to fund specific purposes like home renovations or consolidating debts. A WeFinance broker will assess your position and help you understand if this suits your needs.
Know your equity status
Find out how much equity you may have available and whether accessing it is the right move for your situation.
What Borrowers Use Equity For
Investment Property
Use available equity as a deposit contribution towards an investment property purchase. Independent financial advice is recommended.
Major Planned Expenses
Cover significant costs such as education fees or medical expenses where equity release may be an appropriate funding option.
Debt Restructuring
Consolidate eligible higher-interest debts into your home loan, subject to a careful review of the full-cost implications.
Financial Planning
Support a broader financial strategy in coordination with your adviser — structured responsibly with your long-term position in mind.
Loan Restructure
Review your current loan structure, especially when approaching the end of a fixed-rate term or when circumstances have changed.
When Equity Release May Be Worth Exploring
Is This Right for You?
General information only. Whether refinancing is suitable depends entirely on your individual financial position, objectives and the costs involved.
Planning significant home renovations or improvements
Using equity as a deposit for investment property
Facing a large, planned expense such as education costs
Wanting to consolidate or restructure eligible debts
Your property value has increased significantly
Planning a financial move in the next twelve months
What a WeFinance Equity Review Involves
Equity Position Assessment
We calculate your usable equity, accounting for your loan balance, estimated property value and lender LVR restrictions — not just the headline figure.
Purpose and Suitability Review
We assess whether equity release is the most appropriate way to achieve what you are planning — not every purpose suits every borrower's situation.
Repayment Review
We review your income and commitments to assess whether the increased borrowing is manageable within your current and expected future circumstances.
Loan Structure Options
Loan top-up, refinance, line of credit or split loan — we explain the differences and discuss which structure may suit your situation and goals.
Full-Cost Transparency
We look beyond the immediate benefit to help you understand the total impact on your repayments, interest over the life of the loan and fees involved.
Lending Guidance
We help clients using equity for investments with loan structuring and suggest seeking independent financial advice.
Do you know how much equity you have?
The gap between your theoretical equity and what a lender will release can be significant. A free consultation will give you the real picture.
How an Equity Release Review Works
Four straightforward steps from your first question to settlement.
1
Initial Consultation
We discuss your equity use, loan position, and financial goals. This shapes if equity release is worth it.
2
Position Review
We assess your property value, balance, and income to determine accessible equity and repayment implications.
3
Comparing Approaches
We compare available structures — loan top-ups, refinancing or alternatives — and present each with its full-cost impact clearly explained.
4
Application to Settlement
If you decide to proceed, we manage the application, coordinate any required valuation and keep you informed through to settlement.
Decide on Your Equity Wisely
Before making any changes to your mortgage, it is worth understanding the full picture — what you may be able to access, what it will cost and whether it aligns with your plans. A WeFinance broker will give you a clear, honest assessment with no obligation to proceed.