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You've spent years paying off your biggest investment. Now it's payback
time. If you own at least one third of your home, you are in a perfect
position to create greater wealth by using that equity to access other
investments. It's called gearing and ANZ's range of equity facilities are
a great way to do it.
Equity facilities can turn the equity in your home into a ready source of
funds that can be used as a line of credit. You can borrow up to your
agreed credit limit without having to make further lending applications
and you have easy access to your money whenever you need it. Or, if you
prefer, you can access your equity through a set term loan so that the
funds are provided to you in one parcel with an agreed repayment structure.
And because the facility is secured against your home, the interest rate
is set at very competitive home loan-like rates.
An equity facility such as
ANZ Equity Manager
allows you to borrow up to 80% of the value of your home for investment
purposes without Lenders Mortgage Insurance (LMI) and up to 90%* with LMI.
*Note, some insurer post code and property type restrictions may apply. All applications for credit are subject to ANZ’s normal credit approval criteria.
While gearing can increase your financial assets faster than through more
conventional strategies, it also involves some risk. You should consult
your financial adviser and tax adviser to understand any potential risks
involved.
If you'd like more information about ANZ Equity Facilities or wish to talk
to an ANZ Financial Adviser about gearing, call 1800 100 641.
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