Renovation Loans Point Cook

Renovating your home is an exciting opportunity to add value and improve your lifestyle — but finding the right way to fund it is just as important as the build itself. At Point Cook Mortgage Brokers, we specialise in helping clients secure the ideal renovation loan in Point Cook, so you can complete your project with confidence and without unnecessary stress.

There are several ways to finance a renovation. You can use your savings, redraw from existing loan facilities, access your loan’s offset account, or borrow against your property’s equity. Each option comes with different implications — and that’s where we can help.

Using available funds in your offset or redraw facility can be a simple solution, but it’s important to understand how this impacts your loan. Withdrawing funds reduces your interest savings and may extend your loan term over time.

Alternatively, you may choose to access equity from your existing property. This involves increasing your loan amount and placing the funds into your offset account, giving you control over when and how they’re used — while minimising interest until the money is spent.