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This loan helps bridge the gap for up to 12 months, providing the funds you need to buy your new home before your current property is sold.
Home Loan Features |
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Minimum loan amount : | No minimum |
Maximum LVR : | If members will have a continuing debt after selling one property, the maximum LVR is 75% during the bridging period. If loan will be fully repaid after the sale of one property, the maximum LVR is 50% during the bridging period. |
Maximum LVR with Lenders Mortgage Insurance : | N/A |
Get Ahead Start Guarantor (borrow up to 100% LVR) : | No |
Maximum loan term : | 12 months |
Interest calculation : | Calculated daily, charged monthly |
Repayment type : | Interest Only |
Repayment frequency : | Monthly |
Establishment fee : | $0 |
Monthly loan fee : | $0 |
Package fee : | $0 |
Extra repayments : | Unlimited |
Interest offset : | No |
Redraw : | Yes |
Pre-approval : | Yes |
Loan preparation fees : | At cost |
Increase/top up : | Yes |
Second mortgage security : | Yes |
Vacant land as sole security : | Yes |
Investment Property as Security : | Yes |