Refinance Home Loans
Construction Loans
From the ground up, we simplify the process of securing a construction loan. Let us handle the details while you focus on bringing your dream project to life, stress-free and on time.
Hear from our happy clients
Here’s what some of our satisfied clients have to say about working with Mortgage Needs
Flexible Funding
Access funds in stages as your project progresses, allowing for better cash flow management and control over your building expenses.
Customizable Loan Terms
Choose between variable or fixed interest rates to suit your financial strategy, ensuring that your loan adapts to your specific needs and preferences
Interest Payments on Drawn Amounts
Pay interest only on the amounts you’ve drawn down, not the total loan amount, which can help you manage costs effectively during the construction phase
Support for Various Projects
Finance not only the purchase of land but also the construction costs, whether you're building from scratch, buying off-the-plan, or managing a house and land package.
Why Partner with Us for Your Construction Loan
Personalized Loan Solutions
Specialist guidance
Competitive Rates and Terms
The Construction Loan Journey
Initial Application
Start by applying for two separate loans—one for purchasing the land and one for the construction of your home. These applications run simultaneously, allowing you to manage both aspects of your project effectively.
Building on Your Land
Begin construction on your land within two years of settlement. The building process is usually divided into stages, with payments made at the end of each stage to align with the progress of your construction.
Progress Payments
During the construction phase, payments are made based on the amount drawn down as work progresses. These payments are typically tied to specific milestones in the building process.
Finalization and Repayment
Once construction is complete, your initial loans consolidate into one. Repayments will vary depending on the interest rate type (fixed or variable) and the amount drawn down. Manage your budget effectively with tailored loan options and competitive rates.
Estimate Your Mortgage Repayments
Our Calculator will help you calculate your estimation
Ready to Take the Next Step?
Reach out to our team of experts for personalised support and answers to all your mortgage-related inquiries
Frequently asked questions
Everything you need to know about Our service
What does a mortgage broker do?
A mortgage broker (like me) acts as the middleman between you and the lenders/banks. We work for you but get paid by the lender or bank of your choosing. That means they help you choose the right loan to suit your needs at no cost to you.
Can you help me understand my borrowing capacity?
Borrowing capacity refers to the amount you can borrow based on your financial situation, including income, expenses, existing debts, and credit history. We analyze your financial details to help you understand your borrowing limits and provide tailored lending solutions to match your needs.
What grants are available to me?
Various grants and financial incentives may be available to assist you, particularly if you are a first-home buyer or an investor. These may include programs such as the First Home Owner Grant, regional housing incentives, stamp duty concessions, or other government-backed initiatives. We can guide you in identifying the grants you qualify for and help you navigate the application process to maximize the benefits available to you.
Latest Home Loan Tips & Trick
Stay Informed with the Latest Mortgage Tips, News, and Financial Advice
