Refinancing to Access Equity for Home Improvements — When It Makes Sense

General information only — not financial advice. Consult a qualified mortgage broker or financial adviser before refinancing.

How long does it take to refinance to access equity?

A full refinance to a new lender takes 4–8 weeks. A loan top-up with your existing lender can be done in 1–2 weeks. Allow time for formal property valuation (5–10 business days).

How much equity can I access via refinancing?

Generally up to 80% LVR without LMI. Formula: (Property value × 0.80) − current loan balance. Example: $900,000 home, $450,000 loan = $270,000 accessible at 80% LVR.