As a home is probably the most valuable asset you can have, releasing equity is one option to boost your cash reserves. It can supplement your income for many years, give you a lump sum for your reno or provide money for a critical need.

You can release equity in your home by either using reverse mortgages, where you use the equity in your home to borrow money against, or selling a portion of the equity in your home. Both financial products require a commercial registered property valuer to provide a house or real estate valuation report.

Keep in mind the following risks:

Interest rates are generally higher than home loans.
The loans may affect your pension.
Debt can rise quickly due to compounding interest.
The costs, valuation and schemes are difficult to understand.

You should always seek financial advice before you make a decision. If you’re ready to go ahead with releasing equity, view our listings for national independent property valuers who can help get your property valuation in order.