Construction loans
Build it and they will come…….
If you desire to build your dream home or investment property; a large number of flexible options are available, covering:
- using a licensed builder; or
- just renovating.
If you are planning to owner build talk to us first. Many lenders have imposed restrictions on lending to construction that is not completed with a licensed builder contract in place.
For example, loans used to fund construction normally have flexible repayment options during the construction period, such as interest only repayments until completion. Otherwise, there are certain risks that a borrower needs to be a aware of when undertaking a construction project. YI can help you understand and manage those risks.
We work with land developers to source land and construction packages for our clients.
If you are a first home owner your eligibility for the First Home Owner Grant (New Homes) will be explored and if you qualify we will assist you with your application and lodge it with your home loan application.