Building your own home | Mortgage Choice in Bathurst
There's a lot to be said for designing and building your own custom home! It means you can tailor your dream home to you and your family, something both Debbie and Steve have both done in Bathurst recently. But the finance you choose to support your new build is as important as the build itself.
Why does the construction loan I choose make a difference?
Just like with the build, there's lots to consider when choosing a construction; there's a bit more to it than your regular home loan. The construction loan was created specifically to match the building stages, so that instead of receiving the entire loan amount at once, it is released in 'progress payments' to pay for each stage of the build.
This in turn will minimise the interest you pay, as you're only paying interest on what you have received so far. The lender will usually set a limit on the drawdown period - usually about 12 months.
There can be unexpected fees that come with progress payments and the construction process in general. That's why it's important to have an expert to manage the process for you and provide recommendations as to which construction loans will suit you.
How can Mortgage Choice in Bathurst help?
- We have access to over 35 lenders, from all the big banks to specialist lenders. We sift through thousands of options for a construction loan that matches your project (and you).
- We talk you through the details that come with getting a construction loan and how it's going to work, there's a lot to go through!
- We manage the entire application process through to settlement, progress payments and beyond. We're here to hold your hand through the journey to your brand new home.
- Our home loan service is free, as the lender you choose pays us a commission when your home loan settles.
House and Land Packages: what to expect
We make it easy to get the right advice on your next project
Our team at Mortgage Choice in Bathurst are passionate about making transparent loan advice accessible to everyone.
We would love to see you at our office: 104 Keppel Street in Bathurst. Having a local office as well as a mobile one means we can meet with you in-person wherever is the most convenient for you. Our team can also chat with you by phone or video.
Get in touch with Mortgage Choice in Bathurst on 02 5342 7819 or click below to request a call back.
Call: 02 5342 7819 Request a call
