Construction loans
Building a new home or completing a major renovation? A Berwick mortgage broker helps structure a construction loan around your project.
Finance that works differently from a standard home loan
Building a new home or completing a major renovation requires finance that works differently from a standard home loan. Domain Finance Australia can help you understand the process and structure a construction loan around your project.
How we help clients building or renovating
We help clients with:
- Building a new home
- House and land packages
- Knockdown and rebuild projects
- Major renovations and extensions
- Owner-occupied and investment construction loans
- Reviewing building contracts, plans and cost estimates
- Understanding deposits and available equity
- Managing progress payments throughout construction
- Interest charged on progressively drawn loan funds
- Construction cost overruns and contingency planning
- Refinancing existing debt as part of the project
- Transitioning to a standard home loan after completion
Requirements vary between lenders and builders
Construction lending requirements vary between lenders and builders. We’ll review your plans, budget and financial position, explain each stage of the process and manage your application from initial approval through to the final progress payment.
Get in touch with Domain Finance to talk through your project — no obligation.
All loans are subject to lender credit assessment and approval criteria. This page is general information only and doesn’t take your personal circumstances into account. Domain Finance Australia — Credit Representative 571799, authorised under Purple Circle Financial Services Pty Ltd, Australian Credit Licence 486112.