Bridging Mortgage Loan
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.
Interest-only repayments during the bridging loan period
Borrow at our standard Home Mortgage Loan interest rate - not an inflated ‘bridging rate’
Borrow up to 80% of the property's final value (Conditions Apply)
Convert to a Family First Mortgage Loan after the bridging period
Home Loans

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

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

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Questions?

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