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Planning to build your own house?, renovate an existing structure? or knockdown & rebuild?
In both cases, construction loans can come in real handy. This particular kind of loan takes a different stance than a traditional mortgage, especially for a new structure where you need to pay a contractor. In such cases, the periodic progress of the construction is generally taken into consideration, and the equivalent amount (progressive drawdowns) is disbursed for each stage. Since the construction loan will usually draw interest initially for a year and then fall back to standard principal and interest routine, the intervention of a finance expert is often the demand of the hour.
With construction loans, most banks make you jump through hoops. Our four-step construction loan process ensures your experience is totally hassle-free. That means we’re with you the whole way, taking care of everything and keeping you informed.
Once we have determined your borrowing capacity and zeroed on your budget, a Loans Sorted specialist will walk you through the pre-approval process.
Once we have determined your borrowing capacity and zeroed on your budget, a Loans Sorted specialist will walk you through the pre-approval process.
Transforming your loan requirement into a reality is where we seek to make a difference. Ours is a perfectly curated approach towards putting our customers ahead of everything else. Because deep down, we understand what a single loan means to you and we strive to deliver nothing but the best.