Building or renovating - Construction loans through your Bankstown & Padstow mortgage brokers
We can help you build your dream home
When you're looking to build a new home or complete a major renovation, your finance needs are quite different than when you buy an established property. Construction loans are a specialised lending option for builders or renovators to help them through the process - these types of loans can either be construction loans specifically, or they can be home loans that have a construction facility.
Different to regular home loans, where you typically receive a lump sum of the loan amount at settlement, construction loans are paid out in periodic progress payments from the lender at different stages of construction.
As a guide, there are usually up to five progress payments at different stages including slabs poured, frame up, brickwork complete, lock up and practical completion.
Our Bankstown team is experienced with construction loans
Our mortgage broker team for Bankstown, Yagoona and Padstow will help you determine what construction loan is the right one for you, if your dream is to build your own home or complete a major renovation. Our team is skilled and experienced at dealing with construction loans and can prepare you for the journey ahead.
It exciting to be able to turn your dreams into reality, however it's a great idea to have an expert on-hand to pre-empt any surprises or unexpected issues that you just wouldn't realise if you don't deal with this type of loan everyday.
Check out our construction loans 'Guide'
If you're interested in getting familiar with some of the common questions and stages of construction loan, then our helpful Guide "Ready to build or renovate your dream home?" is available for downloading now.
Give us a call today on 02 4628 8260 to discuss your construction loan needs or click 'Contact us' at the top of this screen to have us contact you