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Equity Release Loans

Interested in borrowing against your home or property portfolio for a new investment? Want to explore the Home Equity Access Scheme in Australia? Discover the equity release loans available with Pacific 8 today.

WHAT ARE EQUITY RELEASE LOANS?

The equity you have worked hard to build in your property can be put to use if you don’t have the available funds for further investment.

With equity lending from Pacific 8, property owners can access a portion of their property’s equity without having to sell, freeing them to use it for any approved business purpose. It is an additional loan to your first mortgage, with the amount taken as a percentage of your home’s market value minus any outstanding loan balances.

Through our equity lending services, we are able to deliver:

  • Loan amounts between $300,000 and $25,000,000
  • Negotiate interest rates and financial solutions that offer the support you require
  • Loan terms ranging from 3 months to 2 years.
  • Maximum Loan to Valuation Ratio (LVR) of 75% of the mortgaged property value

HOW DOES EQUITY LENDING WORK?

Equity refers to the value of your property portfolio after subtracting any outstanding mortgage balance. It increases as you pay down your mortgage and if the market value of your property rises.

Taking out equity release loans involves a completely new loan product, not connected to your previous property loans.

Simply make an application, and our specialist team will:

  1. Confirm the current market value of your property
  2. Assess your financial position to calculate borrowing capacity
  3. Review the purpose of your equity release

Once approved, we can finalise your equity release loan in a matter of days and work to find the best rate for your financial needs.

WHAT IS THE HOME EQUITY ACCESS SCHEME IN AUSTRALIA

The Home Equity Access Scheme, formerly the Pension Loans Scheme, allows qualifying senior Australians to utilise the equity in their homes or other domestic real estate via a loan provided by the Australian Government.

Those participating in this scheme have the flexibility to opt for regular fortnightly payments in addition to their usual income. Additionally, a provision for lump sum advances can be useful for covering unforeseen costs or financing singular, significant expenditures.

PRIVATE EQUITY LENDING VS THE HOME EQUITY ACCESS SCHEME

Private equity lending offers a swifter and more versatile financial solution than the Home Equity Access Scheme, which is particularly beneficial for business investment.

Unlike the government-backed scheme, which is tailored for older Australians, private equity lending is accessible to individuals of all ages, making it a more inclusive option, too. Such flexibility is especially advantageous for investing in or expanding their businesses or commercial portfolios.

The expedited processing and approval times associated with private equity loans make them an attractive choice for entrepreneurs and business owners needing timely access to funds.

Recent Funded Equity Release Loan

Loan Amount:

$800,000

Loan Type:

1st Registered Mortgage

Purpose:

Renovate Property

LVR:

24%

Term:

12 months

LEARN MORE ON OUR EQUITY RELEASE LOANS AVAILABLE AT PACIFIC 8

Discuss your needs with our specialists at Pacific 8 to find out more about our equity lending options, or submit an application form today.
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Frequently Asked Questions

Loans are assessed immediately, and if everything is in order, we can settle within three days. If you were with a bank, it would take weeks to get your loan looked at.

The amount of equity available for borrowing against your home typically depends on the value of your property and any outstanding mortgage balance.

When looking to borrow money against your home or property portfolio, our team at Pacific 8 will take the time to understand your financial position, the intended use for the injection of funds, and the percentage of equity needed to access before approving equity release loans.

Interest rates on equity release loans vary depending on the lender, the type of loan, and market conditions. While equity release loans typically have higher interest rates than standard mortgages, our team at Pacific 8 works to find the best solution for your financial situation.