Top up your loan

While you want to pay your home loan off as soon as possible, you also may need to access the equity in your property. Perhaps you need to renovate, or even make an investment.

With a Teachers Credit Union variable rate home loan, you can ‘top up’ your home loan - as long as there is sufficient equity in your home, and you can afford the debt. An application fee applies. The funds can be used for almost any worthwhile purpose.

Each application made whether as a top up or new application goes through a full assessment by an approval officer. Depending on the current market value of the property and your financial commitments, Teachers Credit Union can offer up to 80% without Lenders Mortgage Insurance or up to 95% of the value of the property with Lenders Mortgage Insurance.