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What can I use money borrowed through my home loan for?

Last updated: April 7, 2017

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You can use the loan to:

purchase a property (to live in or to rent out for investment);
to repay an existing mortgage loan over the property (refinance);
to construct a dwelling or make improvements to the property; or
to access the equity in the property; or
for other purposes, e.g. business use or payment of other debts.

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What can I use money borrowed through my home loan for?

Team Well

In this article

Related articles

Subscribe to our blogs

Looking for some help?

Phone - All enquiries

New customers

Existing customers

Support options

Optus data breach: No Well Money systems have been compromised as a result of the Optus data breach. We take security very seriously and continue to monitor the situation. You can find out more here

Optus data breach: No Well Money systems have been compromised as a result of the Optus data breach. We take security very seriously and continue to monitor the situation.
You can find out more here