We all have our dream home in mind – the one we'd build if we had the time and could find the right land. If you're thinking of building your own home it's a smart move to research your finance options before you enter into a building contract.
There's a big difference between financing for a build and financing to buy an established home. When you engage a builder you agree to make progress payments – regular pre-planned installments during the build process.
Lenders approach construction loans differently. They'll ask you questions such as:
- Is your builder providing a fixed price contract?
- Have you made provisions for extras and being over budget?
- What inspections will be made during the construction?
- What payments will be required by the builder at each stage?
With my experience in finance and in the project home building industry, I understand building a home can be stressful enough without worrying about organising finance.
By matching your requirements to the right lender and the right loan, I can make the finance part as easy and stress free as possible.