Construction Loans Explained (Australia)

Описание: For most people, building a brand-new home from scratch or renovating an existing home that needs A LOT of work means applying for a construction loan. A construction home loan is a type of home loan designed specifically for this purpose.

Getting approved for a construction loan is a different process than applying for a standard home loan.

Here's a quick explainer animation video on what to know about construction loans, how construction loans work, and things you should consider.

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This presentation provides general information only and has been prepared without taking into account your objectives, financial situation or needs. We recommend that you consider whether it is appropriate for your circumstances. Your full financial situation will need to be reviewed prior to acceptance of any offer or product. It does not constitute legal; tax or financial advice and you should always seek professional advice in relation to your individual circumstances.