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Welcome To Mortgage Facts
Welcome to MortgageFacts.com.au. I am Troy Davy, from Perth Mortgage Broker Group, a mortgage broker with many years of lending experience. I have designed this website to give you important information on what is more than likely, one of the biggest financial decisions you will ever make - Your Mortgage. Mortgage Facts is designed to be interactive, leave your comments, ask any question, and you will get a reply personally from me.  
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Buying Your First Home When considering buying your first home, you may have many questions like, what do I need? How much money can I borrow?, where do I start?. There is a myriad of information out there, and it may get confusing when you may just want to know, Where do I start?.
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Debt Consolidation With Your Home Loan These days it may be easy to find yourself in a position where you are struggling to make ends meet each month. Other debts, like a car loan, credit cards or tax debt, may be putting your budget under pressure. You may feel like you are falling behind. It may be a good time to think about consolidating that debt into your mortgage.
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What Does Equity In My Home Mean

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What Does Equity In My Home Mean?

This is an email question from Stuart in Nollamara – I have heard the term equity, and have been told I have equity in my home. What does the term equity mean?

Equity in your home is basically the difference between the value of your home and the charge, or value of the mortgage held against it. For example, if your home was worth $400,000 and your mortgage held against the property was $100,000, you would have $300,000 worth of equity.

If you do have equity in your home, it can give you many options, if you are thinking about financing something. You may be able to use your equity to purchase an investment property (with no deposit, as the bank uses your equity to support the new property purchase), shares, a business, etc. You may consider other mortgage finance options as well, like consolidating some debt or renovating your home with your mortgage.

You also could consider your equity as savings, or your investment, as it is your real value of what you own in your property.

If you have any questions or comments, please leave below. If you would like more personal mortgage information, please contact me anytime.


Posted On
Dec 08, 2011
Posted By
John Harvey
+4 mr
Hello, I own my own home in Rooty Hill nsw and need to pay off my credit cards of $27,000, i was wondering could i apply for equity of about $35,000. Thank you.
Your sincerely
John Harvey


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Perth Mortgage Broker

Perth Mortgage Broker Group
Perth Mortgage Broker Group
Yokine, Perth, WA, 6060
M: 0411 229 602
F: (08) 6323 1072
E: troy@perthmortgagebrokergroup.com.au

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Troy Davy Mortgage Broker

Troy Davy
Perth Mortgage Broker Group
Spencer Ave, Yokine, WA, 6060
0411 22 9602
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I am a mortgage broker from Perth Mortgage Broker Group with many years of lending experience in Western Australia. Mortgagefacts.com.au is designed to give you some information about your mortgage, your online resource. Post a comment, send us your blog, we will answer your questions, no strings attached. Of course if you are looking for a mortgage broker, I would be more than happy to help you with your home loan. Contact me anytime to discuss your mortgage needs. I work the whole Perth metro area, 7 days a week.
All content on Mortgage Facts is general information and may not apply to your personal situation. Advice from your mortgage broker, accountant or financial planner is highly recommended before you make any decisions.
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