Aspect Loan Types
Construction Loans
Construction lending is different from a standard purchase because funds are released in stages as the build progresses.
Construction Loans
Construction lending is different from a standard purchase because funds are released in stages as the build progresses.
Who this may suit
- Borrowers building a new home.
- Clients completing major renovations or knockdown rebuilds.
- Purchasers of house and land packages.
How Aspect Financial Solutions helps
- Review building contract, plans, permits and costings.
- Assess land value, construction cost and on-completion value.
- Prepare the construction loan application.
- Manage progress payment requirements through the lender process.
Important to know
Variations, cost overruns and delays can affect cash flow. A contingency buffer is important.
Each lender has different policy, pricing, documentation and approval requirements.
General information only: This page provides general information and does not consider your objectives, financial situation or needs. Credit assistance is subject to assessment, lender policy and approval.