Page 29 Advertisements Column 1

Press, 15 April 1986, Page 29

HOW TO ADD TO YOUR HOME WITHOUT OVER EXTENDING YOURSELE These days, if you own your own home, And your mortgage, if not paid off, will have borrowing money isn’t a problem. But paying it back decreased enormously in proportion, is. Or rather, was, until now. Your own hard work and home improvements We’ll lend you up to three-quarters of today’s will also have added greatly to the worth of your value of your home, less what you still owe on it, with property. It’s market value, less what you owe on it, jOk very few questions asked. is known as‘Equity’. jSEbm But the big thing is we’ll let you Normally you’d have to sell-up to cash in on that control the way you pay it back. investment and increased value. A - Not any more. Not with ) \ a Broadbank ‘Home Equity Ki Facility. y MR ft Repayments can be arranged in whatever way It lets you free up some of that money and suits you best. Interest only, principal and interest jump use it for other things. sums, fixed regular payment, or even swap from one to Like additions and alterations, buying a holiday the other in the course of repayment. Lome, a boat > a child’s education, virtually anything Whatever, you needn’t worry about over wurth between ten and one hundred thousand dollars, extending yourself. It’s a completely flexible way of More, if you need it. borrowing. A bit like a bank overdraft. The amount Because you’ve worked for it, we think you is determined when you apply. should be able to build on the foundations that you ve You can use all or part of it at any particular time, kid f° r yourself. up to your limit. You only pay interest on the amount J-.®-™™---- —— _ For more information about the new Home Equity Credit Facility ■ borrowed. As you pay the loan back the money 8 call into your nearest Broadbank branch or clip this coupon and send to: 8 . -i i i r i • • 1 I Broadbank Corporation Ltd, Freepost 172, Private Bag, Auckland. I becomes available tor you to borrow again without n | having to reapply. I address | When you first bought your house, a large part | —— 7 g of it you would have owed in mortgages. I RfOSldbiUllC If you bought it say, five years ago, it’s problably j HOME EQUITY CREDIT FACILITY | worth twice what you paid for it. LaMaßßanMaHHaaßMHaaßawaMwa-MmaJ BROADBANK BRANCHES: HEAD OFFICE: Strand Arcade, Queen Street, Auckland, Phone 773-560 (from April, 160 Grafton Road). AUCKLAND: Strand Arcade, 233 Queen Street, Phone 32-539. WHANGAREI: Cnr. Cameron & Rathbone Streets, Phone 482-839. BROWNS BAY: 79 Clyde Road, Phone 478-9064. TAKAPUNA: 48 Hurstmere Road, Phone 495-115. NEWMARKET: 292 Broadway, Phone 548-720. HENDERSON: 360 Great North Road, Phone 836-7099. PANMURE: 75 Queens Road, Phone 574-163. PAPATOETOE: 211 Great South Road, Phone 278-2179. PAPAKURA: 173 Great South Road, Phone 298-8089. HAMILTON: Collingwood Court, Phone 81-105. TAURANGA: 80 Devonport Road, Phone 87-196. ROTORUA: Cnr. Tutanekai & Eruera Streets, Phone 80-459. GISBORNE: 100 Gladstone Road, Phone 79-839. TAUPO: 39 Heu Heu Street, Phone 88-340. NEW PLYMOUTH: 86 Devon Street East, Phone 79-143. NAPIER: Broadbank Mall, Emerson Street, Phone 54-151. HASTINGS: 350 West Heretaunga Street, Phone 67-840. WANGANUI: 173 Victoria Avenue, Phone 54-096. PALMERSTON NORTH: 198 The Square, Phone 80-056. LOWER HUTT: 233-235 High Street, Phone 663-749. LAMBTON SQUARE: 180 Lambton Quay, Phone 721-657. MANNERS STREET: 86 Manners Street, Phone 725-217. NELSON: Cnr Trafalgar & Bridge Streets Phone 81-434. BLENHEIM: 17 Maxwell Road, Phone 88-189. CHRISTCHURCH: 226 High Street, Phone 65-819. PAPANUI: 1 Main North Road, Phone 523-582. TIMARU: 302 Stafford Street, Phone 88-026. DUNEDIN: Civic Centre, 5 George Street, Phone 771-572. INVERCARGILL: 76 Esk Street, Phone 87-299. -„.| O