Your own home is a great way to avoid paying rent and taking care of the maintenance if it is an older home. However, it is not as easy as you might think.
You might have some savings for a deposit, some credit card debt, or a car loan. But, if you are looking to reconstruct the house, you may wonder if you’re eligible to borrow money for a building loan such as a construction loan in Brisbane.
Talk to the experts today. We will be there to answer any questions you may have for construction loans in Brisbane and to help you from beginning to end to ensure that your project is a success. Many of those who have built their homes have chosen to work with us.
So, we will guide you through how to prepare your finances for loan applications and how to manage your money throughout the process of construction loans in Brisbane.
We have established long-lasting relationships with all major lenders. With our banking policy expertise, we can guarantee that you will get your construction loan approved.
You can increase your chances to be approved by understanding what is needed. To determine your ability to repay, your lender will look at your income, savings and credit history, much like traditional home loans. A construction loan in Brisbane will require additional documents, such as copies of your builder’s licence, approved plans, and a fixed-price contract.
After approval of your loan, funds will come in line. Pacific Mortgage will align these payments at certain points during the building process. You will find this in your construction contract.
As each step in the process when you take a construction loan in Brisbane is critical, we will ensure that you are guided at every step with whole information. Contact us today.
