Sed ut perspiciatis unde omnis iste natus
Sed ut perspiciatis unde omnis iste natus error sit voluptatem accusantium doloremque laudantium, totam rem aperiam, eaque ipsa quae ab illo inventore veritatis et quasi architecto beatae vitae dicta sunt explicabo. Nemo enim ipsam voluptatem quia voluptas si…
Construction Loan
a loan specifically used for building a new property or doing renovations to an existing property. Loan funds are released in stages to the builder as the build progresses
They are higher due to the lender finding it difficult to value the property due to future changes that may occur to the neighbourhood or the builder does not execute the building correctly.
Learn MoreTo calculate construction loan repayments you must multiply the loan balance by the interest rate (as a %), divide this figure by 365 (amount of days in the year), multiply the daily figure by the number of days that the account stayed on that balance.
Learn More
