Your home is the biggest financial decision you’ll probably make, so it’s important to understand all your options – and borrowing to purchase land and home construction is a little different to getting a mortgage for an established home. Here are 10 things to consider.
- Have a good broker
- How much can you borrow?
- Your contribution to the loan
- Be prepared
- Purchasing land?
- Budget and construction stage
- Builder progress and payments
- Last invoice and handover
- Additional funds
- Welcome home. What next?
Download 10 Tips For Borrowing PDF