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Short Term Finance

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Short Term 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.

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

Lower interest rate than standard variable home loans

However, it does offer lower interest rates than a standard variable home loan. Basic variable home loans are usually quite popular with first home owners who don’t need all the features of a standard variable home loan, but want a competitive interest rate.

  • Lower interest rate than standard variable home loans
  • Repayments are lower than standard variable home loans
  • If interest rates drop, repayments also drop
  • Most basic variable home loan products allow the borrower to make extra repayments
  • Most basic variable home loan products have terms of 25 to 30 years
  • Fewer features and less flexibility
  • Many basic variable home loans cannot be used in conjunction with other loans and are not portable
  • You may have to pay an extra fee for additioanal loan features
  • If interest rates rise, repayments also rise

INTELLICHOICE ON +1300 55 10 45

Please use our home loan calculators to get an idea on your borrowing capacity, monthly loan repayments and stamp duty fees. Alternatively, speak to one of the mortgage brokers at Intellichoice on 1300 55 10 45 for more information about our various home loan products and whether a basic variable home loan is suitable for your needs. With access to over 800 home loan products and 35 mortgage lenders, our mortgage brokers will find a home loan to suit your needs.

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You should seek pre approval before entering into a Short Term Finance arrangement. The reason is simple, building is a complex excerise requiring good co ordination and technical skills.

Articles for Short Term Finance

Lenders are aware of the complexity builders face, and the possibility of costs over runs. This comes primarily from in-experience with managing this type of project. Hence most lenders are not generous when it comes to lending at high LVR’s on an Short Term Finance.

Frequently asked questions

Why utilize or use a Short Term Finance expert?

How does Short Term Finance work?

How to maximize your chances of being approved?

It is safe to look for pre-approval before entering a Short Term Finance arrangement. Pre-approval will give you a thought of what your maximum loan will be, which can enable you to decide whether or not its the correct choice for you.

How much can I borrow?

How to apply for Short Term Finance?

We’ll ask for certain documents for owner builder loans to be approved. These are the following: Builder’s permit, budget and its proposed breakdown, project plan, copy of your builder’s insurance, and a clear construction cost estimate.

What is Bad Credit?

When you’ve got a bad credit history you’re typically not qualified for a loan from a bank or traditional credit lender. However, there are loan options available. You’ll simply need to show that you can repay the loan by providing evidence of a regular income, whether that’s through employment or Centrelink. If you’re unemployed and require a loan.

How can I get approved for a loan if I have bad credit?

Fortunately, there are lenders out there who look beyond your credit file. These bad credit loan lenders will take into account income, equity and other things that will enable you to acquire an advance.

How do I get a Short Term Finance with bad credit?

Our mortgage broking is second to none. Don’t waste your time and money running around from bank to bank, sifting through ambiguous loan offers only to find they don’t work. Take advantage of our expertise and let us find the right loan or finance to suit YOUR needs.