Equity Empower has an upfront loan establishment fee of $995 to arrange settlement of the loan including a standard desktop valuation and documentation. If a full in person valuation is requested by you or required by us, this will be passed on at cost. As part of the application process, we will let you know in advance if a full in person valuation is needed, and you may be required to pay for this separately in advance. The loan establishment fee is deducted from the loan amount at settlement along with any government charges that apply.  There is no ongoing monthly fee, however there is a loan discharge fee of $300 to arrange discharge of the mortgage at the conclusion of the loan.

Our current Equity Empower interest rate is 9.20% (comparison rate 9.23%*).