What is a Bridging Loan?

Bridging Loans or Bridging Finance A bridging loan may be necessary to cover the financial gap when buying one property before the existing one is sold. This finance is generally secured against your current (not new) property as you are utilising the equity in your...

What is a Line of Credit?

Line of credit A line of credit is a flexible type of loan that can be applied for against equity in your home. They usually offer unlimited deposits or repayments as your repayments are not set amounts, unlike a home loan. Other Considerations For a Line of Credit...

What is an Interest-Only Loan?

What is an Interest-Only Loan or Mortgage? An interest-only loan is structured so that you only pay the interest component on your loan. For these loans, the principal of the loan is not repaid during this repayment period. There is usually a specified, short-term...

What is a Split Mortgage?

What is a Split Loan or Mortgage? A split loan is a complex structured mortgage that folds in the features of multiple types of loan products, eg, fixed interest rate and variable interest rate. The primary reason this is considered is to incorporate the security of a...