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Katie and Justin purchased their first home

Here’s how Katie and Justin purchased their first home

Greater Bank’s Family Pledge Loan got Katie and Justin their house and after some clever renovations, a few little extras…

Katie and Justin purchased their first home

Getting your first home and a few little extras

With the help of Justin’s dad, Katie and Justin used Greater Bank’s Family Pledge Loan to get their first home. After some clever renovations they had the property revalued and refinanced their loan.

This let them pay out Justin’s father and redraw extra repayments on the loan for a new fishing boat. They moved from renters to home owners.

They wanted a new car, but got a new home instead.


Justin and Katie were both paying rent, after talking to Greater Bank about a new car loan they discovered how to turn rent money into owning their own home.

With the help of Justin’s dad and Greater Bank’s Family Pledge Loan they purchased their new home, and did renovations adding value to the property.

After revaluing the home, they refinanced their loan, paid out Justin’s father, and purchased a new boat. From renters to home owners and a few little extras, they did it!

Here’s how Katie & Justin did it

Family Pledge Loan

Our Family Pledge Loan is designed to help you make up any shortfall in your deposit by having a family member use the equity in their home to make up the remainder of the deposit. It’s a great way to get into the housing market sooner.

  • Avoid lenders mortgage insurance (LMI)
  • Your family member’s portion gets paid out first (giving them peace of mind)
  • Borrow up to 110% of your property value
  • No deposit required

Bonus Saver Account

Justin used his Bonus Saver Account to boost his savings, especially when he was saving for his home deposit. The Bonus Saver rewards you with high interest each month as long as you make one deposit and no withdrawals. (ie; show us that you are saving!)

  • Earn a high interest rate, with interest calculated daily, paid monthly
  • No monthly account-keeping fees or transaction fees
  • Free online banking
  • SMS and Email Alerts to keep track of your money

Mobile App

The Greater Bank App makes it easy for Katie & Justin to keep track of all their finances. Checking their home loan repayments, transferring funds between accounts and paying bills – they can do it all with just a few taps.

  • Set up an SMS & Email Alert to monitor
  • Schedule payments
  • Quick view of selected balances

Download for iOS

Download for Android

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