BUILD

A HOME

BUILD OR RENOVATE YOUR HOME WITH CONFIDENCE

BOOK A CALL

TRANSFORM YOUR SPACE WITH PROGRESS PAYMENTS

Construction loans, also known as builder loans, are different from regular home loans, due to building works requiring ongoing payments as the construction progresses.

In the case of a traditional home loan, the totality of funds will be made available in a single lump sum, while a construction loan lets borrowers draw on the loan balance when payments need to be made to the builder. These payments are made at key stages of the building process, and are known as progress payments.

While work is still in progress, you will only be asked to make interest repayments on money that has been drawn down. This means you will only be paying interest on money that has been used.
Repayments will be smaller at the start of your loan, and will increase gradually as your construction project approaches completion.

WE DO WHAT THE BANKS CAN'T

As Melbourne's leading mortgage brokerage we have access to the best deals that are the most suitable for you and your circumstances.

The lender and loan you choose for your next home loan should depend on your specific situation.

In today’s market, it pays to shop around but there are a few things to look out for to ensure you get started on the right track.

From comparing home loan options from a wide choice to lenders, to preparing the paperwork and negotiating a competitive rate. Our Mortgage Advisors do all the legwork, supporting you through to settlement

Low rates, flexible options and personalised service.

Free, expert advice from a dedicated broker.

Government grant eligibility and application assistance.

Hassle free, convenient online application process.

LEARN MORE ABOUT LOANS

Why Do You Need A Mortgage Broker?

Aug 12, 2022 Shopify API

STAY AHEAD & RECEIVE THE LATEST INDUSTRY NEWS & TRENDS