Your home equity is the difference between your property’s market value and the balance of your mortgage. If you’ve owned your home for a few years, you may have built up some equity in your property that can be leveraged for renovating your home or even purchasing an investment property. The first step is to determine the amount of equity available in your property using the estimated market value of your home – commonly based on comparable sales within your area or a real estate agent valuation, less the balance of your current loans secured by the property. From there you would work out how much money is required to achieve your plans. You may or may not be able to access the full amount of equity that’s available, and your servicing capability will still play a part in what’s possible.  We can help put you in touch with real estate professionals or even organise a property valuation on your behalf to find out your current equity position.