Building your dream in The Hills District - Construction loans through your Baulkham Hills mortgage broker
Renovating or building? We can help!
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.
We're Baulkham Hills, Kellyville & The Hills District construction loan experts
Mortgage broker Kevin Gray in Baulkham Hills 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. Kevin 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 surprised or unexpected issues that you just wouldn't realise if you don't deal with this type of loan everyday.
Check out our handy construction loan 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 9639 0233 to discuss your construction loan needs or click 'Contact us' at the top of this screen to have us contact you.