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Construction Home Loans
2V finance can guide you through your construction loan perth

2V FINANCE WILL HELP YOU BUILD YOUR PROPERTY

With most construction loans you make interest only repayments during the construction period. After construction has finished you can choose to make principle and interest payments or continue with interest only repayments.

During the construction phase you only pay interest on the amount you borrow for each stage of the building process so it is important to secure to correct construction loan.

Your Partner In Building
Our brokers can secure you a construction loan

When you are ready to build you dream home it is time to contact 2V Finance Whether it is on a block of land that you already own or part of a House & Land package we can help you navigate the in and outs of the construction process. Most construction loans are generally drawn down in stages as the builder reaches the different milestones stipulated in the Building Contract.

Typically construction is completed in five stages and you draw down on the money at the beginning of each stage.



These stages are generally:

The base stage (i.e. when the concrete slab is laid)
The frame stage (i.e. when the framework or walls are up)
Lockup stage (i.e. when the roof, door and windows are in place)
Fit out stage (i.e. when the house has been fitted out with appliances)
Completion (i.e. the house has been completed and is ready for occupation)

The lender uses an independent valuer to monitor the construction process and only makes progress payments when the builder has reached the defined stages and met satisfactory standards.

Free
In Home Consultation
at home free finance consultation

Toovey offers a FREE no obligation assessment. Just complete the below form and one of our team members will contact you shortly.

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