Construction Loans
Construction Loan
Are you wanting to build your dream home?
A construction loan is a type of loan for those who plan to build their own home, rather than purchase an established property. It differs from a traditional mortgage in that it allows you to progressively draw money from the loan throughout the construction process, while only paying interest on the amount you use. These types of loans can also lend towards the cost of the land purchase so are ideal for ‘house and land’ packages
Normally lenders will make stage payments at the following stages:
1
Purchase of land
2
Slab
3
Frame
4
Lock up
5
Fit out
6
Completion
Experienced Brokers
Our brokers have hands on experience in construction loans, and can offer advice and recommendations to suit your personal situation. We can sift through the various lenders offering this type of mortgage and ensure that we find the product and lender best suited to you needs.
- Ongoing training and development is vital in order to keep up to date with changes within the industry. Our clients can be satisfied that they are entrusting a Mortgage Broker with their personal details that meets compliance and ethical standards.
Josh Burton
Ceo & Founder
