Construction Loans | Mortgage Broker North Rocks, Northmed & Constitution Hill
Every build is different and your construction loan should reflect that. But between progress payments and navigtaing lender reuqirements, choosing the right loanc an become a headache. As a Mortgage Broker with over 17 years of experience in finance and banking, I'll guide you through how to bring your dream home to life.
Like your new home, my advice is customised to you
Building or renovating your home is a big deal, and the last thing you need is a loan that doesn't fit your needs. I take the time to dig into your project details, finances and long-term plans to find a loan that works for you - not just the lender. With access to over 35 lenders, I"ll make sure you get the right deal and clear, straightforward support from start to finish.
What makes my support unique?
- Plenty of construction loan options: Financing through a developer, builder or even directly through your ban can leave you with very few options to choose from. As your Mortgage Choice Broker in North Rocks, I've got over 35 lenders available and htousands of options. I'll work to customise your loan so that it matches your project timeline and financial goals.
- Smooth process: You've got enough to think about with your new home planning. From the moment we start your application until the final progress payment is made, I"ll be working int he background ot ensure the finance jpart of your new build runs as smoothly as possible.
- Experienced and local: No matter what you nee dor how complex your finances seem to be, I've got the finance and property experience to sort it out and find a competitive construction loan that will see your project to completion.
Financing a major renovation
Instead of starting from scratch, you might be considering a major renovation. Lickily, there are a few effective ways you can finance your next renovation:
- Loan top-up: If you're happy with your current home loan, a top-up allows you to increase your loan amount without changing your existing terms. Perfect for a straightforward renovation.
- Redraw Facility: If you've been makinge xtra payments on your current loan and it has a redraw option, you can access those funds for your renovation without needing new financing.
- Construction Loan: Ideal for larger renovations (usually over $250k), a construction loan lets you draw down funds in stages, so you only pay interest on what's been spent so far - keeping costs down as you go.
- Line of Credit: Need flexible access to funds? A line of credit lets you borrow as needed, up to a set limit, without having to appliy for a new loan every time.
