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Narrogin WA 6312
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Get QuotesHow to release equity in your home with property valuations
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.
