My mother in law passed away recently and has left  a villa in South Hurstville to my husband and brother. It was valued 3 years ago at $440,000 when she took out a Seniors Loan against the equity. The amount currently owed on the Loan is $120,000. Both my husband and brother in law have agreed for me to find a finance company to arrange for a loa…[Read more]

Qlds007 wrote:
Mark Scenario 2 is correctHouse worth $330 00080% is $264 000minus loan $130 000Amount available $134 000remember many lenders go past 80% on a Line of Credit.