How can I use the equity in my home?

The only way to access the equity in your home is to borrow against it, or sell a part share of the property. However, if it's your home, selling a part of it is not a good option. If you do want to borrow against your home equity, you need to have the income to service the loan. Seniors can investigate a reverse mortgage that is repaid when the property is sold.

Source: Sydney Morning Herald

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