You may not have expected it, but there it was...- The perfect home - the one you have been looking for. Or the perfect
block to build your dream home on. The trouble is, you haven't sold
your current home yet.
Adelaide Bank can help!
- By selecting our Go-Between loan, you can purchase or build a new
house before selling your existing home.
- Go-Between Loans offer all the flexibility of standard principal
and interest term loans, including the option of an introductory discount rate, fixed or variable rates, and split loans.
- You can even enjoy 100% offset benefits with the Mortgage Tamer Home Loan
How does it work?- Both your new and old homes are used as security to finance the purchase/construction of the new home.
- Payments are not required on your new home for up to 6 months when buying an established property and up to 12 months when building. This
allows you to fund both properties during the transition.
- When your old home is sold, the balance of the Go-Between loan
is reduced to the agreed amount and repayments kick in.
- You may borrow up to 85% of the value of both homes, which includes
the deferred interest on the Go-Between loan.
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