BUILDING A HOME

  • BUILDING A HOME

Building a home can be an extremely exciting and wonderful experience, it can also be a lengthy process and may seem a little daunting.
We are here to help you through the process, shouldering some of the hard work that comes with building a home or completing major renovations.
The application process for a construction loan is similar to a loan for an existing build, however the way the loan is funded is quite different. Your Builder will require payments to be made progressively as the construction stages are completed. These stages are set out in your building contract and your build may take as little as three months from start to ‘tools down’ or we have even seen this take over twelve months.  These payments, known as progress payments are taken from your loan as they are due in accordance with the building contract you have signed.
Construction loans will generally have a variable rate and during this time your Lender will ask you to make interest only repayments on the money that has been drawn from the loan. This means that at the beginning of the construction your loan repayments are smaller and they will increase gradually as more funds are taken from the loan and paid to your Builder.
plans of house

Your Real Choice Finance Broker will:

  • Determine your borrowing capacity, ensuring you never borrow beyond your means or hunt for a house beyond your budget
  • Actively listen to your personal needs to help you make informed decisions
  • Guide you through the comparison of hundreds of home loan options from an extensive range of lenders, including the big banks, non-bank lenders and specialist lenders
  • Use plain language to simplify jargon and empower you with understanding
  • Discuss the benefits and features of the products most suited to you
  • Make the paperwork process fast and easy
  • Offer trusted, experienced advice every step of the way

How we help during your construction journey:

  • We offer personalised assistance with the paperwork and processes between you and your builder.
  • Access to experienced and trusted staff to simplify jargon and to explain the building process so that you know what to expect at each stage.
  • We will liaise with your Lender to ensure fast and efficient processing of your progress payment claims.
  • You can also find extra information about building your home on the Queensland Building and Construction Commission (QBBC) website here.

Contact us today!

Building a home
Help with building your home

How we can help

  • Determine your borrowing capacity and purchasing power
  • Actively listen to your personal needs to help you make informed decisions
  • Guide you through the comparison of hundreds of home loan options from an extensive range of lenders, including the big banks, non-bank lenders and specialist lenders
  • Use plain language to simplify jargon and empower you with understanding
  • Discuss the benefits and features of the products most suited to you
  • Make the paperwork process fast and easy
  • Offer trusted, experienced advice every step of the way
  • Free up more of your time to spend finding your dream home.
Building a home

How we help during your construction journey:

  • We offer personalised assistance with the paperwork and processes between you and your builder
  • Access to experienced and trusted staff to simplify jargon, explain the building process so that you know what to expect at each stage
  • We will liaise with your Lender to ensure fast and efficient processing of your progress payment claims
  • You can also find extra information about building your home on the Queensland Building and Construction Commission (QBBC) website here.

Contact us today!

CONTACT US

  • CONTACT US

Reach out to us today!

    Contact Information

    REAL CHOICE FINANCE

    • 61 North Street Toowoomba, QLD 4350

    • 07 4632 9211 | 0491 388 489

    • Monday – Friday: 9:00am – 5:00pm

      After hours – By appointment only

    Reach out to us today!

      Contact Information

      REAL CHOICE FINANCE

      • 61 North Street Toowoomba, QLD 4350

      • 07 4632 9211 | 0491 388 489

      • Monday – Friday: 9:00am – 5:00pm

        After hours – By appointment only