If you own a home, the property’s value may allow you to borrow money at a lower interest rate and with a longer repayment period than with an unsecured loan. In My Motty, you can log in to get a simple overview of your home’s value, your remaining mortgage balance, and how much you may be able to borrow by using your home as collateral. Log in to My Motty to see your borrowing options with home security.
What is a loan secured by property?
A loan secured by property means that the bank takes a lien on your home as collateral for the loan. Because the bank has a more secure guarantee, you can often get a lower interest rate, higher loan amount, and longer repayment period than with a standard consumer loan.
This may be relevant if you wish to:
- Gain better control of your finances with lower monthly costs
- Refinance expensive debt
- Consolidate loans and credits
- Renovate your home
- Buy a car, boat, or finance other major expenses
See what your home can offer you in My Motty
See your options before applying
In My Motty you can access a simple model showing the development of your home’s value. There, you can see the original purchase price, how the value may have evolved, and manually enter your remaining mortgage balance.
Then we can estimate how much available collateral you may have in your home – and whether you may be able to apply for a secured loan.
This gives you a better overview before proceeding, making it easier to assess what might be most profitable for you.
Log in to My Motty and check your home’s value
