If you own an existing property and are looking to purchase an established home or constructing a new home, the Home to Home loan is an option. These products are based on short term finance to provide the ability to purchase a new property prior to the sale of an existing one

Advantages:

– allows you to remain in your existing property while your new home is built or your existing property is sold
– dependant on the equity you have in your existing property, loan repayments may be capitalised during the period between the sale of your existing home and moving into your new home

Disadvantages:

– capitalised loan repayments reduces your equity