Construction Loans
When building, you need a different type of loan to a standard home or investment purchase. The same process applies if your dream home starts out as a renovator’s delight. I can map out the funding plan to finance your dream home.
Construction loans are generally drawn down in stages, reflecting the build milestones:
- Deposit
- Base Stage
- Frame Stage
- Enclosed Stage
- Fixing Stage (roof)
- Practical Completion (lock up)
My process will make sure your loan reflects our builder’s timeframes. Then, when your home or renovation is complete, I will ensure you’ve got the right structure in place for the loan moving forward, saving you time, money and frustrations.