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Construction Loan

Home · Construction Loan

Services

Construction Loan

Plan

Choosing a block of land

it is important to see that is available in your ideal location and price range. Make sure the land is suitable to build your preferred floorplan.

Cost of Building

obtained a detail plan with accurate costing of each aspect of your property from builder.

Avoid mistake

make sure you feel comfortable in signing the documents by having it checked by a solicitor or conveyancer.

Off the plan purchase

it means that you are buying a property based on the building plans and designs and the property is yet to be built. In some states, there may be stamp duty saving because it is not completed. More information available on https://www.sro.vic.gov.au/offtheplan/.

Construction loans

Flexibility

various lenders to choose from with different repayment options including principal and interest and / or interest only.

Convenience

construction loan will be a progressive payment loan, where banks pay the builders at the end of each building steps.

Step by Step

Initial consultation – have a chat with us about your plans and financial situation, we will help to establish a preliminary report about your construction plan.  
 
Apply for pre-approval – knowing what you can afford is important when choosing your builder / home design, we can help to get a pre-approval first so you will have a better idea of what extras or variations you can afford.   
 
Choose the design and who to build – after knowing how much you could borrow, it is time to choose your plan and who to build you home.   
 
Finalise your construction loan – we will help to provide building contracts and all other relevant documents to the bank to get approved for your loan.   
 
Ready to build – once you and your builder received a commence letter received from the bank, it is all set to go.

Timeline for different building stage

Slab

also known as base stage, includes concrete slab, footing and it base brickwork.

Frame

the frame and / or walls are put in place, it may include supports structures, conduits for electrical and plumbing.

Lock-up

remaining windows, doors, external walls and roofing is typically installed, this means you can actually “lock up” your property.

Fixing

your bathroom, toilet, kitchen cupboards, appliances are all installed along with plumbing and electrics connected.

Completion

at this stage, in contracted items are all done by the builder.

After settlement care

Free Valuation

We help to arrange free valuation for the property you own and the property that you are interested in purchasing.

Always cheap

We can compare your current rates with the products available on the market, helping you stay on top of your loan.

Easy maintenance

Whenever you would like to fix, split your loan and / or change your repayment method, we are one call away.

Wide range of options and channels

We have years of experience in mortgage broking, providing you comprehensive market knowledge and a wide range of products to choose from.

Loan and accounting

We will apply accounting knowledge to help you to establish a thorough understanding about your situation to achieve the next financial goal.