Buying land and building
Looking to buy land and build? With land settlements sometimes taking more than 6 months, construction finance can be a little tricky to manage. At Loan Studio our team our construciton experts! So let us take the stress out of the process and let you concentrate on moving into your new home faster.
We will show you how to:
- Determine how much can you borrow and complete a home loan pre-approval
- Maintain a pre-approval whilst waiting for land to settle and building to commence
- Choose a lender who has products that are designed for construction without the higher rates and fees
- Factor in valuations and how this can impact the amount you borrow
- Structure your loan so that it is tailored for the progress draws required when constructing