Construction Loans Articles by Intellichoice Finance

Find out about Owner Builder Loans by watching our ‘explainer’ videos

Construction Loans Articles by Intellichoice Finance

Construction using Owner builder loans at 70% End Market Value and higher are available. Intellichoice brokers love opening the doors to solutions for owner builders with 16 Years’ experience in this specialist field of construction loans provides clients security when considering building homes.

GET A QUOTE

Interested in getting a loan? Fast online quotes available here!

Construction home loan and a standard home loan

The difference between a construction home loan and a standard home loan is that instead of a lump sum payment at agreement sign-off, the loan is usually drawn down in stages for a construction loan. Payments, or draw downs, coincide with the initial purchase of the land, followed by a number of key construction stages. 

Land and construction loans can help you achieve your dreams of owning a house and lot. These types of loan allow you to make progressive payments as needed as opposed to having to pay full payments. You can purchase land and cover construction costs with construction loans. These are specialized loans packaged and designed for...
Home construction can be complicated especially for first time home builders but it doesn’t have to be that way. Building a home entails several processes and each process can be tedious. Make every process a success by following these simple guidelines. Planning and Budgeting Planning. The first and the most important step is planning. Thoroughly...
Building your own home could be a challenging yet an exciting project. When you decide to build your own house, it means you are taking the entire responsibility of building a home from scratch, from determining the layout, choosing the number of rooms, choosing the finishes, and even the landscaping. While the idea could be...
A construction loan is your go-to option when you want to build your dream home in Australia. A regular mortgage is used to purchase an existing property. Construction loans are also used to finance major renovations on an existing home or an incomplete construction that requires a little, or a lot of work before you...
Building a home is not an easy feat, especially if you do not have the funds that you need and a reliable contractor to do the job. It would be ideal to opt for the construction route for your dream home is you have a legit builder to work with. The work does not only...
Construction Loans Explained: How Do They Work? Are you looking for other avenues to acquire your dream home? Is your family getting bigger and you feel you are outgrowing your home? With home prices going down this year, you can actually find affordable home loans. Australian Bureau of Statistics recently reported that from June 2017...
How Does the Process Work at Intellichoice? We do things a little differently at Intellichoice and our system has helped many hundreds of Owner Builders successful finance their projects over the years. Step One Our first client contact usually is usually a phone call or an email. At that point, we get a little bit...
Are building loans the right choice for you? Although it isn’t the right choice for everyone, building a new home or renovating an existing home using a building loan can mean that you end up with exactly the home you want. No longer do you have to compromise and put up with the end results...
The great Australian dream of owning your own home is an extremely strong part of our culture. Many people plan and save for their homes for years only to find that they can’t find the house that is exactly what they are searching for. So many people decide to build their own home or do a major renovation and in order to do that they very often start to research construction home loans.
The decision to build a new home using a construction home loan can be an extremely rewarding one. There are many reasons why people choose to build their own property.