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Home Equity Mortgage
Access the equity in your home
When you've built up equity in your home this type of loan becomes available to you. It works like this - once you've paid off some of your mortgage and/or the property has risen in value, you can borrow against that equity for other investments.
For example, you can borrow for renovations such as a new bathroom, kitchen or home extension, or you can buy another property, or invest in shares, or jet away on a special holiday.
A Home Equity Mortgage simply allows you to access the value in your home to do other things.
The ING DIRECT Action Equity Home Loan has a competitive interest rate and no monthly fees. Access to your funds can by done through cheque book, telephone or online banking. Repayments are interest only and you can pay for what you use.
Calculators
If you're having a read about home equity mortgages, we think you might be interested in these calculators:
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