Australia is the best destination for the people who like natural beauty. People want o have their own home in this country due to beautiful nature, sources of jobs & easy to live. Are you thinking about moving or improving your home? According to rule of Australia, only resident of Australia are eligible to buy a home & get construction loan. However, the people who are non-resident of Australia are also eligible for home loan and construction loan only if they have valid visa. Construction loan is different from other loans & mortgage services. It is a specialized lending option for builders or renovators to help them through the process & are paid out in periodic progress payments from the lender at different stages of construction. The construction loan is available for new home builds, knock down and rebuild purposes & renovation like making modification in architecture of your home. |
Benefits of Construction or Renovation in Australia:
1. According to law of Australia, during the construction period, there is no need to pay monthly installment, you will only need to make interest only payments. 2. After construction period, the loan will automatically switch to the variable rate loan you chose at application. 3. There is also an option to switch the loan to a fixed rate, you will have the ability to select from the rates available on the day and pay a fee to switch. 4. Progressive draw down payments throughout construction 5. The option to make extra repayments to reduce your loan term
If you are looking for Loan for Construction or Renovation in Australia, the major step is to choose the best mortgage company that understands your need. YEG Finance is Australian mortgage service Provider Company that offers construction or renovation at attractive rates. The major attractive features that it offers are attractive interest rates, Flexible repayment, easy installment, Assistance from our executive during entire process & Less Documentation. YEG Finance care for customer’s comfort. For more assistance about construction loan and other mortgage visit our website or contact us. We are here to serve you.
YEG Finance is a well company of Australia that deals in mortgage services. If you want to know more about residential construction financing and home loan to build a house, please visit http://yegfinance.com.au/.
Related Articles -
building and construction loan, home loan to build a house, home loan brokers Melbourne, commercial loans Melbourne, first home loan Melbourne, buying,