A Building loan is not like your typical type of home loan where you receive a lump sum at settlement. Building loans are structured on an installment payment schedule. The loan is paid out in stages of the building process.
Payment stages can include foundation concereting, Frame up, brick work and so on. Some banks will send a valuer to check that the work has actually been completed, before the next installment is paid.
Quick and Easy Form
Get the ball rolling, fill out the form below and a bond originator will contact you asap to discuss your building.
What Are The Lending Criterea Of Banks/Lenders?