Equity loans or Line of Credit loans are home loans that allow you to be able to borrow equity that you have in your property. Equity loans are often used if you would like to use the funds for investment purposes, renovations or if you require some additional funds to consolidate debt.
Equity loans are ideal to have a home loan or as a split product if you require extra funds for that emergency situation.
You are able to have either standard variable loans, professional pack loans, fixed rate loans, equity loans or any other form of mortgage products.
Also, you are able to have this product either for investment loans, owner-occupied or land loans.