Bridging home loans
If you have found your next home, but have not yet sold your existing property, bridging finance may be the best option. If it is not possible to achieve simultaneous settlement, a bridging loan can be used to cover the finance gap between the purchase of a new property and the sale of an old property.
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The Go Betwen home loan is a fully featured bridging loan with the choice of an attractive ongoing variable rate or a low fixed rate. For the purchase of established property, you are not required to make any repayments for the first six months or until the sale of your existing property, whichever occurs first. For construction, repayments are not required for the first 12 months. The interest repayments during this time are capitalised. However you can make regular or one off repayments at any time if you choose. A 100% offset facility is available during the Go Between period.
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