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Construction Loans

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It Is Possible To Borrow

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Your construction finance experts

As construction financing professionals, we all know precisely what’s necessary to have the task done. We’ll be with you, to steer through each step of the process of this construction loan journey from begin to conclusion. We’ll additionally work closely along with your builder as well as other events included to ensure the finance procedure operates efficiently. Inside my Property & Finance, we’ve invested several years assisting everyday Australians secure finance to construct their fantasy homes – now it is your change!

How construction loans work

Construction loans are nothing like regular mortgages, the key distinction being that you don’t draw your funds down in one single swelling amount. Alternatively, the lending company will launch funds for your requirements in phases, which have a tendency to follow milestones that are certain the building procedure. You can find often six progress re payments stages including; deposit, base/slab down, frame, lock-up, fit-out and practical conclusion. Continue reading