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Maintaining Your Equity For the purpose of illustration, the following Table and Graph show how a sixty year old who takes the maximum allowable equity release (10%) as a lump sum ($40,000) on a $400,000 home, builds equity under the following conservative circumstances: Annual property value increase: 4% (Between 1984 and 2004 the average annual increase in property values has been approximately 8% - source ABS) Interest Rate: 6.55% (Vision’s current variable rate at time of publication)
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Registered Address: Level 7, 8 Help Street, Chatswood, NSW 2067 |
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