Build Dream Homes Faster With Hassle-free Construction Loans
Are you in the market for constructing your dream home or business premises? Here’s a hot tip: why not turn to property loan specialists for raising capital?
At Lend & Co., we offer construction loans tailored to suit all kinds of projects, big or small, residential or commercial; we have it all covered. Our team ensures that financing won’t be a roadblock as you bring your vision to life.
And forget about the dull paperwork and lengthy processing procedures our hassle-free loans have got you covered!
Seek help from property loan specialists to raise funds to build projects with confidence.
What is a Construction Loan?
A construction loan is a tool that helps you finance the cost of all kinds of construction and renovation projects, both residential and commercial projects.
Borrowers secure loans against property being developed, and depending on the lender, these loans are usually available for up to 80% of the total cost of your project.
How Does a Construction Loan Work?
Embarking on your dream project is an exciting journey, but financing it can be overwhelming. And that’s when a construction loan comes in handy! Unlike regular home loans that provide lump-sum payments, you can draw out capital in stages as the project progresses.
The primary difference between a construction loan and a traditional mortgage is that construction loans typically fund only the construction phase. In contrast, traditional loans are used to finance an already-built property. Lenders disburse the capital based on the percentage of project completion, and the borrower has the flexibility to draw down only what’s needed.
By offering financing tailored to your unique construction needs, a construction loan makes it possible to create the home of your dreams without breaking the bank.
Features and Benefits of Construction Loans
- Save money on interest as you have to pay only what you use.
- Choose from fixed and variable interest rates too.
- Customise loan terms and repayment options.
- Access additional features such as redraw facilities or offset accounts.
- Build and renovate your property on your timeline, according to your preferences and specifications.
- Upon completion of construction, you can switch to a regular home loan or even refinance with other lenders.
How Can Lend & Co. Help You?
An experienced property loan specialist can save you big bucks no, seriously, thousands or even millions!
At Lend & Co., we’ve got years of industry experience, and we work towards making the mortgage acquisition process as easy-peasy and stress-free as possible for all our clients.
We’re a mortgage broker based in Melbourne and offer property loan solutions for all sorts of purposes residential, commercial, personal, business, investment, and even SMSF.
With us, you get one-on-one services, total honesty and transparency, expert guidance, better rates, more flexibility, efficient service, and access to many lenders.
Let’s get this loan sorted!
All our clients are assigned a designated broker who handles the entire construction loan application. Our bespoke solutions are tailored to your unique requirements, ensuring seamless and stress-free property transactions.
Honesty & Transparency
We offer clear and upfront communication about the loan application, lenders, and the whole span of possibilities when it comes to your loan.
Lend & Co. has successfully assisted hundreds of clients in Melbourne and surrounding areas in acquiring their dream properties and projects.
Wide Network of Lenders
Lend & Co. offers you a range of options for your next loan. Our dedicated team strives to present you with the most suitable and competitive options, enabling you to make an informed and stress-free decision.
Lower Rates, Flexible Features
Our team of experts strives to offer you loan packages with lower interest rates and reduced fees. We offer flexible features tailored to your needs, such as extended repayment terms or additional payment plans.
At Lend & Co., our team offers a quick turnaround time through our efficient and reliable service throughout the loan process. We aim to assess your loan application quickly, assist you in understanding the loan agreement terms, and ensure that all paperwork is completed on time for a smooth settlement experience.
Peace of Mind
Our team is committed to helping you achieve your goals securely and stress-free. We strive to offer comprehensive solutions with minimal paperwork, ensuring we find the right loan for your situation.
Australian Credit License
Holding a license gives us better access to banks and their products, plus greater flexibility to identify the right loan for you.