We'll help you fund your new build or renovation
At Casa Mortgage Services, we specialise in providing tailored financial solutions for construction projects, whether you're planning major home renovations or embarking on a new build. With our expertise in construction loans, we can help you access construction loan options from banks and lenders across Australia. Our aim is to assist clients in Canberra, ACT, and nationwide to find the most suitable loan terms, ensuring your project progresses smoothly from start to finish.
One of the most significant aspects of construction loans is the progressive drawdown feature, which allows you to make progress payments at various stages of the project. This means you only pay interest on the amount drawn down, offering flexibility and financial efficiency. Interest-only repayment options are available, providing you with the flexibility to manage your budget effectively during construction. Whether you are working with a registered builder or engaging subcontractors like plumbers and electricians, it's crucial to manage these payments in line with your Progressive Payment Schedule.
When applying for a loan, it is important to consider the 'as if complete' valuation. This valuation assesses the property’s worth once the construction is finished, providing a clear picture of the potential value. It is also essential to understand council plans and permits, as well as any council restrictions that might affect your project. Choosing suitable land and understanding development applications are vital steps in ensuring your project aligns with local regulations. Our streamlined application process helps simplify these aspects, making it easier for you to commence building within a set period from the Disclosure Date.
Another key consideration is planning for Out of Contract Items not included in the initial agreement. These additional payments often arise during construction milestones and can impact your overall budget. It’s beneficial to make a plan that accounts for these potential costs and aligns with your ideal location and price range. For those buying off the plan or looking to demolish an existing property, understanding these financial nuances can prevent unexpected expenses and delays.
Completing a successful construction project requires careful financial planning and expert guidance. At Casa Mortgage Services, we are committed to helping you achieve your dream project by offering access to competitive construction loan options from banks and lenders across Australia. Our team is here to assist you every step of the way, ensuring a smooth and efficient process that meets your specific needs.
Ready to take the next step in your construction journey? Contact Casa Mortgage Services today to explore how we can help you secure the right construction loan for your project. Whether you're in Canberra or anywhere else in Australia, our dedicated team is ready to assist you in bringing your vision to life.
