Land & Construction Loans
Build your dream home with a construction loan
Are you looking to build your dream home on your dream block of land? Wayne is a specialist broker that can help tailor the right loan for you with a choice of either fixed or variable loan products.
A construction loan has "draw down" stages in line with the building phase (ie slab, frame, fitout, etc). There are usually 5 stages of draw down, which means you make repayments in instalments as the building progresses. This helps reduce your ongoing repayments, which can assist with budgeting while you are paying rent or another mortagage.
There are many options available for you when applying for a construction loan:
Interest only available during construction
100% offset to help you save interest
Fixed rates available even during construction
Loans available with as little as 5% deposit
Call Wayne on 0468 427 454 to find out more about building your dream home.