Construction Loan

If you are looking to build your new home rather than buy an existing property, you need a different type of home loan known as a construction loan. A construction loan can also suit you if you are making major renovations to your existing home or to a property you have bought but which needs a bit (or a lot) of work before you call it home.

Construction Loans Sydney

Advantages:

  • Competitive variable interest rates.
  • Facility to draw money when necessary whilst building.
  • Interest only payments during the building period.
  • Additional payments can be made.

Disadvantages:

  • Requires a fixed price building contract leaving little room for change whilst building.
  • Some lenders charge a fee for every time you draw money whilst building.
  • Given it is a variable loan; loan repayments will increase if interest rates go up.
We look forward to servicing your financial future

Call 1300 77 21 21 today because you have a lot to gain and nothing to lose!