money tree financial solutions - mortgage and finance brokers
1300 502 330
Book Appointment

Construction Loans

Turn your building plans into a reality with a construction loan

We'll help you fund your new build or renovation

At Money Tree Financial Solutions, we specialise in helping clients across Australia access Construction Loan options from banks and lenders. Whether you're planning a major home renovation, buying off the plan, or embarking on a new build, our expert team is here to support you every step of the way. Understanding the intricacies of construction loans can be challenging, but with our streamlined application process and personalised service, you can feel confident in making informed decisions that align with your goals.

Construction loans are unique financial products designed to support various stages of the project, from initial planning to completion. Unlike traditional home loans, construction loans operate on a progressive drawdown basis. This means funds are released in instalments, allowing you to pay sub-contractors like plumbers and electricians as needed. With progressive drawdowns, you only charge interest on the amount drawn down, which can significantly reduce costs during the building phase. Additionally, interest-only repayment options provide further flexibility, ensuring your finances remain manageable throughout the construction journey.

When applying for a loan, it’s important to consider factors such as loan amount and interest rate. Our team at Money Tree Financial Solutions helps clients understand these elements and how they impact your overall budget. We guide you through the process of obtaining council plans and permits, ensuring compliance with council regulations and restrictions. By assisting with development applications, we help secure suitable land within your ideal location and price range, whether you're planning to demolish an existing property or start from scratch.

A crucial aspect of construction loans is the Progressive Payment Schedule. This schedule outlines when payments are made at various stages of the project. An ‘as if complete’ valuation is often required to assess the property’s worth upon completion. This valuation helps determine the funds needed for each phase, ensuring sufficient resources to meet construction milestones. We also advise on Out of Contract Items not included in initial agreements, preventing unforeseen additional payments that could disrupt your budget.

Choosing the right registered builder and understanding contracts are essential steps in the construction loan process. We assist by reviewing agreements to ensure clarity on responsibilities and timelines. For instance, most lenders require that you commence building within a set period from the Disclosure Date. Therefore, making a plan is vital to avoid delays and potential penalties. This includes accounting for Progressive Drawing Fee charges that may arise during the drawdown process.

At Money Tree Financial Solutions, we understand that every project is unique. Whether you're embarking on a new build or seeking a home improvement loan for renovations, our goal is to tailor solutions that fit your specific needs. Our experienced team works closely with you to manage expectations and financial commitments effectively.

In summary, accessing Construction Loan options from banks and lenders across Australia doesn't have to be overwhelming. With a focus on interest rates, loan amounts, and a streamlined application process, Money Tree Financial Solutions is dedicated to guiding you through each stage of your construction journey. Our commitment to personalised service ensures you have the support needed to achieve your dream home or renovation project. Contact us today to learn more about how we can assist with your construction finance needs.
Book an appointment

Our Recent Reviews

Fantastic service and expertise. The MTFS team has been patient and have been professional throughout the entire process. MTFS has provided continuous, timely contact with updates and very quick responses.
Paul Walker
First Class Customer Service. MTFS is very informative and they also kept me informed from the start to the finish. I highly recommended using the services of MTFS.
Jane Andrews
They dont just provide finance, they think outside the square. My wealth has now exponentially leaped to new high extreme levels. I am definitely a loyal customer and recommend utilising their services if you want honest advice that works!
Jason Jordon
There is finance brokers and there is MTFS brokers. Outstanding knowledge that replicates results.
Henry Waters

Frequently Asked Questions

All of our Mortgage Brokers are accredited and members of the Mortgage and Finance Association of Australia. They are extremely professional and provide exceptional service across a range of lending options.

We can help with Home and Investment Loans, Construction Loans, Car Loans, Personal Loans and much more. If you're looking to borrow to buy something, we can probably help.

Of course! We believe that we can find the best interest rate for you to refinance to, whether it's a Home Loan or Investment Loan.

We love helping First Home Buyers! We're experts at the entire process and can help you get the right Home Loan. We're also across the various schemes to help First Home Buyers such as the First Home Owners Grant and the various stamp duty exemptions available.

We take look at a wide range of products available from Banks, Credit Unions & other lenders across the country. This means we can search thousands of products and make sure we're always recommending the best Home Loans for our clients.

Mortgage Brokers are there to help you find the right loan whether it be from the major banks, smaller lenders or other sources. We have a broad range of products (more than any single lender can offer) which means we can do all the legwork to find the right loan for you.

Request a Callback

Money Tree Financial Solutions is a mortgage and finance broker based in Bundall on the Gold Coast, with a Brisbane office on Queen Street, helping clients across Queensland and Australia-wide. The team supports borrowers across Bundall, Southport, Surfers Paradise, Broadbeach, Robina, Mermaid Waters, Burleigh Heads, Palm Beach, Hope Island, Coomera, Brisbane CBD, Fortitude Valley, New Farm, West End and surrounding suburbs with home loans, refinancing, investment loans, SMSF loans, commercial finance, asset finance and personal loans. With access to a wide range of banks, credit unions and lenders, Money Tree Financial Solutions helps clients compare lending options and find loan structures suited to their goals and financial situation.

Services

Important info

Contact

Level 9, 1 Corporate Court, Bundall QLD 4217 & Level 18, 324 Queen Street, Brisbane QLD 4000
Disclaimer: This page provides general information only and has been prepared without taking into account your objectives, financial situation or needs. We recommend that you consider whether it is appropriate for your circumstances and your full financial situation will need to be reviewed prior to acceptance of any offer or product. It does not constitute legal, tax or financial advice and you should always seek professional advice in relation to your individual circumstances.


Richter Financials Pty Ltd ABN: 87 613 548 048. Credit Representative #497234 is authorised under Australian Credit License #389328