WHAT IS A CONSTRUCTION LOAN?
This type of loan is usually obtained when doing a major renovation or building a new home. A construction loan is a specialised lending option for customers building or renovating to help them through the process. These can either be construction loans or home loans that have a construction facility.
Unlike regular home loans where you typically receive a lump sum of the loan amount at settlement, with construction loans you are paid out in periodic progress payments from the lender at different stages of the construction process.
So often, you find things are placed on hold due to a poor financial situation or lack of finances. This means you can miss out on the opportunity to travel overseas with friends or even forfeit simple daily expenses due to restricted funds. If you are in need of a helping hand to overcome a personal matter, we can assist. With a range of options made to suit differing financial requirements, speak to us about your goals and see how we can help you achieve them.
For the full details on repayments and procedures, it’s best to speak to us directly by getting in touch. We have helped many individuals find the balance in their life again and turned situations around. Whether you are looking to buy a car or consolidate debt, we can offer you a solution that will get you back on your feet. Our team will advise you on the best steps going forward and will assess your current circumstances to see what outcome is best aligned to your conditions.