Compare home buying examples Compare your example above with new scenarios. Both options require you to have a certain amount of home equity ; this is the portion of the home you actually own. Existing monthly home loan repayments.
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Read MoreWe assume make the following assumptions about repayments: repayments are made monthly. Please give us a call on 13 78 79 to discuss you home loan enquiry. Compare your options by choosing different term lengths. HELOCs come with draw periods that normally last 10 years. Your current interest rate. If you have chosen to view a weekly or fortnightly repayment amount, we have taken the monthly amount, multiplied it by 12 and then divided it by 26 for a fortnightly amount or 52 for a weekly amount.