Construction loans | Mortgage Broker Coolum Beach & Tewantin

I got into this business because I love matching everyday Australians with competitive finance that allows them to create the home they want. If you're wondering how you could possibly finance your forever home or dream renovation, I can talk you through your options. 

Home loan vs Construction loan

One of the most common questions from anyone considering building a new home, is: what is the difference between a regular home loan and a construction loan? The beauty of a construction loan is that it was designed to mirror the building process. That means, instead of taking the full amount at once - like you would with a regular home loan - your lender will release 'progress payments' which helps you to minimise the interest you pay, as you only pay interest on the amount you have already released. It's a great option for any build or major renovation.

The right person for the job

As your local Coolum Beach Mortgage Broker, I understand all too well how complex and stressful the process of building or renovating a home can be - and that’s before you even start to consider the financing side of things! 

Thankfully, I can help you alleviate the stress associated with finding the right lender and construction loan. I’ll do all of the lending legwork for you - from finding the right lender, to submitting your loan application and following up on the progress payments.

Here's how I can help:

• I step you through the process ensuring I understand what you need from your finance, and explain all the benefits and expenses that come with a construction loan.
• I then shortlist some options that are tailored to your specific needs and work with you to make a confident choice. I have access to over 35 lenders, so you know I've looked far and wide for the right one.
• I manage the process, using my knowledge and years of experience. I’ll be able to ask you the questions I know your chosen lender will want answers to - saving you time and energy down the line. I will then help to manage progress payments as they are due.
• My construction loan service is free. It's one of the things I love most about being a Mortgage Broker - that I can offer access to over 35+ lenders and advocate on your behalf, at no cost to you! Your chosen lender instead pays me a commission when your loan settles.

Our Loan Calculators

How do construction loans work?

 

Here to help with your forever home, always

If you’re looking for a local expert to provide transparent, tailored advice on your next major project, get in touch with Mortgage Choice in Coolum Beach today!

You can visit the office at 3a/19 Birtwill Street Coolum Beach, or we can arrange a phone, video or in-person catch-up at a place that's convenient for you in Coolum Beach, Tewantin, Maroochydore and across the Sunshine Coast.

Get in touch with Tom Lipetri today on 0409 158 822 or request a call back below.

Call: 0409 158 822  Book an appointment