Suitable not only for the construction of new homes, but also for major renovations to an existing home. Whilst a standard home loan necessitates a lump sum payment at agreement signoff, construction loans are usually drawn down in stages. Interest only draws on construction then Reverts to a Standard Variable Rate on completion. This loan offer you maximum flexibility and great features, including the option to fix or split your loan, the ability to make additional repayments when you want.
The wrong home loan could cost you a fortune – so it’s crucial to find the one that’s right for you.

Applicant type	Individuals, Companies, Trusts.
Employment requirements	P.A.Y.G. must be full-time or part-time permanent. If Self-Employed, two years.
Income: required proofs	P.A.Y.G. Pay slips, group certificates or employer letter. Self-employed, two years tax returns.
Loan amounts minimum & maximum	$50k >
Purpose	Owner-Occupied & Investment
LVR	95% + Lenders mortgage insurance end lvr 97%
Coded, non-coded, or either	Either
Credit related issues	CLEAR.
Variable, fixed or both	Both
P&I, I/O, or both	Both, but if I / O  during construction reverts to standard variable
Residency Status	Citizens and permanent residents
If you wish to proceed, then we will help you to complete all the necessary paperwork and liaise with the lender on your behalf. This will include the completion and submission of your home loan application and the on-going communication between all parties until your home purchase is settled