Looking to extend your home or install a pool?
If you’re looking to extend your home, fix up that backyard or install a new pool just in time for summer, then a top up loan may be the answer.
Installing a new swimming pool (or repairing or remodelling your existing pool) is a large investment. You want a low interest rate, and we’ve got loan options that suit this type of venture.
There are different options to finance your renovation, usually this depends on the size of the project.
If you have built up equity in your home either by paying down the original loan and/or if the property has increased in value, you may be able to use this to fund your project with a “Top up” loan.
If you're planning renovations, consolidating your debts or just need extra cash, topping up your home loan could be the perfect solution. You can borrow additional funds on your existing home loan without taking out a separate loan, saving time and paperwork.
Redrawing on your existing home loan is a fast and easy option. This will depend on the level of additional payments you may have made through the years but it is a viable option in many cases.