Construction Loans

 

Construction loans explained | Glynn Finance

What is a construction loan

What is a "Construction Loan"?

Most banks offer construction loans to build a house or to complete a renovation. 

Multiple stage payments are approved by the bank and then monies are transferred to the builder through the course of the build.

Finding a bank that has expertise in this area can save you a few headaches.

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Talk to a construction loan specialist today.

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The benefits of a construction loan

 
benefits of a construction loan

How does it work

Whether you’re looking for a construction loan for residential, commercial or industrial, we can deliver a tailored solution for you. By understanding what you are setting out to achieve, we can make sure you are connected with the perfect loan. Not only that, we can introduce you to the right bank manager so you can build a strong relationship moving forward.


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We can guide you with your construction loan

We can guide you

In many instances, secure relationships with Banks ensure longevity in this industry. Banks are constantly changing their lending guidelines for construction finance, and, as a good broker, we keep our ear to the ground to hear what each bank in doing on a daily basis.

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Finance & Mortgage Broker Centres

Glynn Finance business centres are located across New South Wales and Victoria


Sydney

Edgecliff (Eastern Suburbs)

Melbourne

Community Home Loans Australia Partners

Our Lenders

Glynn Finance has access to a panel of over 25 lenders, including the big four banks. Our online mortgage calculator provides a mortgage repayment estimate based on loan amount, indicative interest rates, loan term and structure. The tool also lets you compare the rates and features of various loans.

For a more precise estimate of your borrowing capacity, contact a Glynn Finance mortgage specialist today.

 

*Important Information

The home loans compared on this page are chosen from a range of home loans Glynn Finance has access to. It is not representative of all of the products available in the market. Not all loans and lenders are available in all states. You may not be eligible for all or any of the loans displayed. The rates do not constitute an offer of credit or a quote. There are many factors that will determine your eligibility for a home loan, and a Glynn Finance mortgage brokers or performance and compliance coach can assist in explaining the criteria and evaluating your personal circumstances to find the right home loan for you. Please note that this calculation does not take into account payment of lender's mortgage insurance (LMI) which may be payable depending on the amount you wish to borrow compared to the value of the security property. LMI costs can be significant therefore you should ask if you require further information.
The information provided on this website is general in nature and for guidance purposes only. The product information provided is not a fully comprehensive statement of the relevant product's attributes. We endeavour to ensure that the product details and information provided are as accurate and up to date as possible but is subject to change and we recommend speaking to a Glynn Finance mortgage broker or performance and compliance coach to confirm. You are responsible for the final choice of any product that you may choose.

The information contained on this page and comparison rates are for secured home loan products of the lenders as shown, based on a loan amount of $150,000 and a term of 25 years.

WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Credit criteria, fees and charges apply.