Making the decision to build or renovate your own home can be a very exciting time.
When you are constructing a home, you don’t require the entire loan all at once – you will most likely need to pay in stages. This is great, because it means that you will only be paying interest on the money that has been drawn down.
The bank usually arrange an inspection at each of the construction stages where payment is required, meaning that you won’t pay for work that hasn’t been completed.
This information is provided only as a guide. Accession Finance will give you a better understanding of your position with a free consultation. Call us on 03 9397 2824 or email via the Contact Us page
If you are amongst the growing number of people that have decided to manage their own super fund, we can facilitate loans to assist you with your investment strategy.