Meet construction loans.
With construction loans, as your new home progresses, so do your payments. They’re called ‘progress payments’ (funny that) and they’re charged as key construction milestones are reached. Like:
Then, only when your home is officially move-in ready (yay!), your loan will start to work like any other home loan. Thank you, Construction Finance.
You’re unique, and so is your situation. Sometimes speaking to an expert who can make sense of the financials can make all the difference. Our partners at Oui Finance have got you covered, and their advice comes both cost and obligation-free.
* Oui Finance Pty Ltd ABN: 48 655 648 098. Corporate Credit Representative Number 537796 is authorised under Australian Credit Licence Number 389328. Lender credit criteria, terms and conditions, fees, and charges apply. Your full financial situation would need to be reviewed prior to acceptance of any offer or product.
To very infrequent but helpful content from the Vidas.
We hate spam. And sure it’s probably a little soon, but we love you and would NEVER give your information away. We really just want to send you helpful content every now and then.
We hate spam too, your deets are safe with us.