These types of home loans can prove to be very complicated if not handled by a professional Mortgage Broker. Conveying between all interested parties is time consuming and requires in-depth knowledge of the building process. When wanting to build a house, it can require 1 or 2 separate home loan applications.
The following things to consider:
- Purchasing of land
- Selecting a Builder;
- Finalising Plans, specifications, contracts and applicable approvals.
- Managing the progress payments for your construction home loan.
As Mortgage Brokers, we are by your side through this process.