Construction Home Loan
A construction loan provides the funds for building a new home or major renovations to your existing one. The funds are paid to the builder in stages during the project and this is why it differs from all other loans.
A construction loan can be done in two stages. The first stage is the purchase of the land and the second is the actual construction.
Until the project is complete, interest is paid monthly on the current balance of the loan drawn down or used and not on the total loan needed for the complete construction.
Talk to a Finance Ezi mortgage broker for the many options from banks and home loan companies in Australia.
PHONE 1300 003 003 or send an online request
Home Loan Calculator
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