Construction & building loans
Welcome to Premium Portfolio Finance, where we specialise in helping our clients navigate the intricacies of construction loans. As Australian mortgage brokers, we understand that building your dream home from the ground up can be an incredibly rewarding experience. It’s a chance to tailor your living space to your exact specifications. However, financing a construction project can be significantly different from a standard home loan, and that’s where we come in.
Firstly, we offer personalized service that begins with a comprehensive assessment of your financial situation. Construction loans require careful planning, as they are disbursed in stages corresponding to different phases of the build. We’ll sit down with you to discuss your plans, budget, and timeline to ensure we can secure a loan that aligns with the cash flow requirements of your construction project.
Once we’ve established a clear understanding of your project, we’ll explain the various loan structures available to you. A construction loan typically involves a progress payment system, which means that funds are released at key milestones throughout the build. This is where our expertise becomes invaluable; we help you understand how these drawdowns work, ensuring that you have the necessary funds available when your builder is ready to move onto the next stage.
We have a strong network of over 50 lenders with a variety of construction loan products. Our role is to navigate these options and present you with the most competitive and suitable choices. Whether you need a loan that allows for interest-only payments during the construction period or one that offers a line of credit for additional flexibility, we’ve got you covered.
Managing the documentation and ensuring timely payments to your builder is crucial. We assist in coordinating with the lender to make sure that the necessary inspections are carried out and that the funds are released without delay. This minimizes any potential hiccups that could otherwise cause costly interruptions to your building schedule.
Moreover, our service doesn’t just end with the settlement of your loan. We’ll keep in touch throughout the construction process, ready to provide advice or help address any financial concerns that may arise. And once your home is completed, we can also assist with any refinancing needs or adjustments to your loan structure, ensuring that your mortgage continues to work for you in the long term.
At Premium Portfolio Finance, we take pride in being a part of your journey to create a home that’s uniquely yours. Our local knowledge of Perth combined with our financial expertise, makes us the ideal partner to help bring your vision to life through a well-structured construction loan. Let’s lay the foundation for your future together.