Construction Finance
With a deep understanding of the Australian property market and lending landscape, we offer personalised advice tailored to each client’s unique needs and financial situation.
Oakwood Finance mortgage brokers are dedicated to assisting their customers in navigating the complexities of construction loans with ease and expertise. With a deep understanding of the Australian property market and lending landscape, they offer personalised advice tailored to each client’s unique needs and financial situation. Oakwood Finance brokers work closely with customers to ensure they secure the most competitive loan terms and rates available, simplifying the process from application to approval. They guide clients through each stage of construction financing, including budgeting, loan structuring, and progress payments, ensuring a seamless experience. By leveraging their industry connections and in-depth knowledge, Oakwood Finance mortgage brokers empower customers to confidently embark on their construction projects, knowing they have reliable support every step of the way.
Key Features:
- Personalised Loan Structuring: Oakwood Finance mortgage brokers specialise in tailoring construction loan solutions that fit the unique financial circumstances and goals of each customer, ensuring optimal loan terms and conditions.
- Expert Guidance Through Stages: They offer expert guidance through every stage of the construction loan process, from initial budgeting and application to managing drawdowns and progress payments, ensuring a smooth and stress-free experience.
- Access to Competitive Rates: Leveraging their extensive network of lenders, Oakwood Finance brokers can secure competitive interest rates and favourable terms, helping customers save money over the life of the loan.
Considerations:
- Project Timeline Management: Customers should be aware of the importance of aligning loan drawdowns with the construction timeline to avoid delays and ensure timely payments to builders.
- Cost Overruns: It’s crucial to have a contingency plan in place for potential cost overruns, which can occur due to unexpected changes or challenges during construction.
- Documentation Requirements: Preparing thorough and accurate documentation is essential, as lenders require detailed plans, permits, and contracts to assess and approve a construction loan.