Have you found your dream home but feel you can't buy it because you're waiting to sell your existing property?
A Family First Bridging Mortgage Loan gives you the funds to buy your new home whilst you await the sale of your existing property.
Buy the home you want, when you want it.
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Interest-only repayments during the bridging loan period |
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Borrow at our standard Home Mortgage Loan interest rate - not an inflated ‘bridging rate’ |
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Borrow up to 80% of the property's final value (Conditions Apply) |
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Convert to a Family First Mortgage Loan after the bridging period |
Family First Member Loyalty Rewards Benefit
Save interest! Reduce your repayments! Pay off your loan sooner!
Have you been a member of Family First Credit Union for at least four years?
If so, you qualify for an interest rate reduction of 0.25%!
| Variable interest rate |
View our interest rates |
| Minimum amount |
$20,000 |
| Maximum amount |
80% of the property's final value
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| Loan period |
1 Year then reverts to Principle and Interest |
| Repayments |
Monthly / Fortnightly / Weekly |
| Interest charges |
Calculated daily, charged monthly |
| Loan set up costs (Valuation & Solicitor) |
At cost $600 (approx) |
| Variable and lump sum repayments |
No |
| Early repayment without penalty |
Fee applies only if repaid within 4 years |
| Free redraw facility |
No |
| Property valuations available |
Yes |
| Monthly account keeping/service fees |
No |
| Loan Repayment Insurance available |
Yes |
| Auto repayments (salary/account) |
Yes |
| Loan establishment fee |
No |
More Information
Apply
Apply for a Mortgage Loan.
Questions?
If you have any questions, please contact us.