Advantage Construction Loan

This loan may be suitable if:

• You want to buy land and build your home on it

• You are an investor wanting to finance a residential construction project

   

Using the Construction Loan

• During the construction phase, make interest-only payments (letting you focus cashflow on construction)

• When construction is complete, there is a final valuation (costing $295) on the whole property

• After final valuation, make principal and interest payments (at our low variable rate) building up your equity. 

After construction the product reverts to the Advantage Loan.  See the Advantage Loan product page for more details of the loan features.