Construction Loan

It is important to understand the difference between the construction loan and standard home loan. The Construction Loan is being drawn down in different stages as work in progress. The monthly mortgage repayments slowly increase as the construction work progress towards completion. The loan repayment amount reaches in full amount when the whole construction is complete. Many Lenders also offer interest only repayments during the construction process which revert to principle and interest repayments once the construction is completed.
To qualify for a Construction Loan, you will need to have council approved plans and a fixed price tender from a registered builder. You should also note that you will need to use your savings or equity before drawing down on your Construction Loan.

For Consultation

What We Do

  • We offer adequate time to listen you carefully and find a right lender to suit your needs.
  • We do the initial market research and find you several loan options to choose from.
  • We produce a comparison report and negotiate the interest rate with lenders on your behalf.
  • We assist you to prepare loan documents and do all the legworks for you.
  • We will also guide and support you through the entire lending process.
  • We can help bad credit and self-employed applicants for home loan.

Having a right person to assist you can make the world of difference when buying your property. Call or Email us today to make an appointment for consultation at no cost.

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03 8595 6704