CONSTRUCTION LOANBest mortgage service provider of Australia.
LOOKING LOAN FOR CONSTRUCTION OR RENOVATION
We are leading mortgage company of Australia offering construction loan services. Construction loan is a type of home loan that is designed to fulfill the wish of construction or renovation of your home. We also offers commercial loans for commercial projects including the construction of factories and warehouses.
TYPES OF CONSTRUCTION LOANS
In Such cases Interest rates of loan will go up or down depending on the rate which will be fixed by Reserve Bank of Australia and funding costs.
Split Rate Loans
In such type of loans, there are two parts of payment. One will be fixed and second part will be variable. This is the combination of variable and fixed rate.
Line Of Credit
here customers have rights to pay into and withdraw from loan amount monthly. This type of loan is popular in those people who want maximum flexibility in accessing the fund.
These types of loans required less documentation. Because its need less documentations, it carry higher interest rates or deposit.
In this case, for certain period the interest rate will be fixed. Most of the times, first five years of loan period will be fixed. After ending the fixed period, you may fix the rate again.
In such scenario, a customer needs to pay only the interest amount till first to five years. After certain period you need to pay both principal and interest of the loan.
Such type of loan is useful for first-home buyers but now-a-days it is very famous. Mostly lenders offer such type of loans to customers for getting regular repayments for avoiding financial burden.
An appointment is free.
Our brokers are paid a commission by the lender, not by you. lets talk on following point in our next meeting.
- Understand your lifestyle and financial goals.
- Calculate your borrowing power and how much you can afford to repay.
- Compare hundreds of construction loan deals to find the right one for you.
- Clearly explain the fees, costs and conditions associated with contruction loans.
- Answer any questions you have about construction loans.