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If you are building your own home or investment property, a construction loan may best suit your needs.
You can use a construction loan to purchase land and then access the funds as needed to meet the building costs. Or, if you already have a block of land, a construction loan will finance the construction costs of a new dwelling on that land or even major renovations to an existing property.
A fixed price building contract from a registered builder is required, along with the usual necessary documents, when applying for a construction loan. These loans are usually interest only for the period of building and then become principal and interest once building is completed.
So, stop worrying about how you are going to finance your dream home and start living the dream! Call us now on 02 9712 0009 and start building now.
