ADVANTAGE FINANCE (SA) Go-Between HOME Loan
(Bridging Finance)
- A bridging loan which allows you to purchase
or build a new home before selling existing one
- Borrow up to
100% of the cost of construction or purchase price, plus fees
and associated purchase costs
- Make no repayments on new loans
(Interest capitalises)
- No need to refinance existing loan facility
Interest Rate
No repayments required for up
to 6 months for established properties and up to 12 months
for properties being constructed (interest capitalises during
this time). Can revert to Principal and Interest or Interest
Only (for up to 10 years) repayments after this initial period.
Rates can be variable or fixed (up to 5 years
Loan Term
30
years
LVR Limits
Maximum LVR is 85% against the
value of both properties. 100% of purchase cost can be financed
plus fees and associated purchase costs
Products Availabiltiy
The Go-Between can
revert to both Full Doc and Lo Doc products including 100%
Offset Home Loan. Split loans are also available
Construction
Available for new homes, no repayments for
12 months (interest capitalises and starts from the first drawdown
Serviceability
Serviceability is based on
end debt, with peak debts of up to $3.5M permissible (lower
LVR limits apply to peak debts over $1M). There is no need
to refinance existing loan facility
Need more information or explanation?
Contact one of our friendly loan consultants
and we will gladly assist you - 08 8351 5444
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