Westpac Bridging Home Loan

Main Features and Fees...

 
Company
Interest Rate Enquire Here - discounts apply see below
Products Available Premier Advantage Professional Packaged Loan
Offset Account NA
Redraw Facility NA
Extra Repayments Yes                                     
Lump Sum Repayments Yes 
Product Change NA
Portability NA
Construction Yes - $95 for progress draws
Split Loan Facility Yes
Principle and Interest Payments Yes
Interest Only Payments Yes - interest capitalisation allowed
FEES                                                 
Upfront Fees $600
Ongoing Fees $8 per month                             
Early Exit Fees $900 first 4 years
Discharge of Mortgage Fees Not supplied


Notes

A variable rate loan for short-term finance to enable a new property to be purchased prior to an existing property being sold. Available for owner occupied purchase only. Available for construction purposes.

Primary security to be first mortgage over residential property being purchased (future residence) and residential property being sold (current residence) ,supporting security allowed.

Maximum overall loan term is 1 year.

Variable Rate for the first 3 months then for the balance of the term (9months) a loading of 1% is applicable on the variable rate.

 
Back to  Westpac Home Loans


 

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