Personal
Home-to-Home Loan
It’s frustrating and perhaps even heartbreaking. You find the perfect home, but you haven’t sold your current home yet.
Until now, the only way to secure that new home came with some nasty pitfalls.
You could sign a contract “subject to the sale of your existing home”, but vendors are often reluctant to accept these terms.
Even if they do sign, you’re then pressured into selling your current home fast, for a lower price.
The better way
You can secure your new home now without sacrificing your bargaining power and save thousands of dollars along the way.
With The Rock Building Society’s Home-to-Home Loan, it’s like having “two loans in one” for twelve months, while
you sell your existing home.
 More financial freedom
More bargaining power
And you save money in these three ways:
- We give you twelve months to sell your old home so you have the breathing space to wait until you get the best price for your old home
— and you have the freedom to negotiate the purchase of your new home without conditions. At the end of the day, that can mean
thousands more in your pocket.
- During the first twelve months you only make repayments on what the loan balance will be after your home is sold, not the total amount
of your debt. The interest component for the additional funds are covered under the lending arrangements.
- With traditional bridging loans you generally incur a higher rate. This is not the case with The Rock, as the rate charged is the same
as our other home loan products.
The Home To Home facility is available on Standard Variable and LoDoc Variable loans only.
Click here to find out more about our Home-to-Home Loan.
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The Rock offers a variety of lending facilities to suit a diversity of individual circumstances.
Variable Rate
A loan where the interest rate can change at any time during the life of the loan. Generally, interest rate changes are influenced by
rate movements dictated by the Reserve Bank of Australia.
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Fixed Rate
You can fix your loan interest at an agreed rate for 1, 2, or 3 years, after which it will revert to The Rock's
standard variable rate. Alternatively, you can fix it again, or for the cost of the switch fee, change to a different product.
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Interest Only
A loan facility where no principal repayments are required, initially for up to three years.
This is often attractive to investors.
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Line of Credit
A flexible loan facility, secured by residential real estate, that enables you to access funds as you need them.
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Home-to-Home Facility
Complete the purchase of your new home before you have sold your existing one.
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Construction Facility
The Rock takes control of progess payments to the builder and you pay interest only on the amount drawn down to date during construction of your new home.
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Mortgage Offset Facility
A savings account with CashCard, chequebook, internet and telephone accesswhere interest earned reduces the interest payable on your home loan.
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