fbpx

Call Us Today! 1300 899 724

What is a top-up on my loan?

Share this:

In this article

Illustration of a lady jumping for joy in front of a newly purchased house

Find your perfect rate with a Well Money home loan and save.

Subscribe and stay up to date with the latest money tips and news.

[activecampaign form=36 css=0]

This is where you have an existing mortgage loan and you decide to borrow more, either by borrowing more under your existing mortgage loan (a top-up), or borrowing more under a new mortgage loan linked to your existing mortgage loan (a further advance).
The lender will generally review all aspects of the existing mortgage loan and your personal circumstances in order to determine if they will offer a further advance or top-up.
Often this is referred to as a “further advance”

Share this:

Get prequalified for your home loan in just a few minutes today.

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

We’re taking a quick break for the Melbourne Cup public holiday in Victoria.  The Well offices will be closed on Tue 5th Nov. and we’ll be back as normal on Wed 6th Nov.  For online banking issues visit the contact us page right here

We’re taking a quick break for the Grand Final public holiday in Victoria.  The Well offices will be closed on Friday 27th Sept. and we’ll be back as normal on Monday 30th Sept.  For online banking issues visit the contact us page right here