Bridging Home Loan - Westpac - Bridging Loan

Comparison Rate	7.37%
Amount	$200,000
Term	30 years
Initial Payment Est.	$1,239.25
Monthly Payment Est.	$1,371.81
Total Amount Paid Est.	$497,400
Establishment Fee	$600.00

6.31%

Target Market
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.

Acceptable Income
Self Employed with 2 years financials to be supplied, salary and wage earner.

Home Loan Loan Term
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.

Home Loan Loan Size
Minimum: $10K ,
No maximum.

Home Loan Repayment Type
Interest Only & Fees. ,
Interest Capitalisation allowed.

Repayment Options
Monthly, fortnightly or weekly.

Extra Repayments
Additional repayments can be made at any time (no minimum).

Split Loan Facility
Available as part of a combination loan at application stage.

Offset
Non applicable.

Redraw Facility
Non applicable.

LVR for Bridging Home Loan - Westpac - Bridging Loan

Up to 75% (max end debt) for interest capitalisation.

Fees for Bridging Home Loan - Westpac - Bridging Loan

Establishment Fee: $600 ,
Loan Maintenance Fee: $8 per month ,
Progressive Draw Down Fee: $300 (payable once only) ,
Additional Valuation Fees: ,
Independent valuers - for quote contact lender ,
Guarantor Fee $200.