Construction Loan Archives

Construction Loans: What are they & how to they work?

May 18, 2022March 28, 2022

Reading time: 4 minutes

If you’re planning to build your dream home from the ground up, or complete structural renovations to your existing home, you may need to take out a construction loan from a lender. This loan differs from a regular mortgage, as it releases the loan funds in stages rather than a lump sum all at once. While building your own home sounds exciting, it can become a bit tricky financially, and the application is more involved than other loans. We’ve broken down how a construction loan works, so you can begin to plan the home of your dreams. What is a … Read more

How to Fund a Renovation: 6 Handy Hints

April 20, 2022September 28, 2021

Reading time: 4 minutes

by Inovayt

If you’re living in an older house or have recently purchased a fixer-upper, you may have started to throw around the ‘R’ word – renovations. Before you dive headfirst into planning what your new kitchen might look like, or how you’re going to redo an investment property, it’s important to give some thought as to how you’re going to fund a renovation. Whether it’s smaller changes around the home or larger, structural changes, there are so many ways to add value to your house. Having your finances sorted before you begin renovating is important, so you know where you’re going … Read more

How to Deconstruct a Construction Loan: What You Need to Know

May 18, 2022December 13, 2018

Reading time: 3 minutes

by Inovayt

In the market to build a new home rather than buy an existing one? Congratulations, it’s an exciting time. Plus, if you’re a first-time homeowner, you may be eligible for the First Home Owner Grant (FHOG) government incentive which can potentially save you $10,000 or $20,000 in regional areas. Building your own home literally from the ground up is an enjoyable journey but buyers should be aware that it is a process that is inherently different from purchasing an established property. While there are obvious factors specific to building that need to be considered such as landscaping, fencing, and driveways, … Read more

Keep in touch

Join our mailing list for our latest finance and wealth news and tips.
Name*
First Last
Email*
Consent*
I consent to receiving email updates from Inovayt Pty Ltd and Inovayt Wealth Pty Ltd about related information including educational material, promotions, products and services that may be of interest to me.*
Consent*
I understand that my information will be collected and handled in accordance with the Inovayt Pty Ltd and Inovayt Wealth Pty Ltd Privacy Policy which contains information regarding how to opt-out of marketing communications from us.*
Email
This field is for validation purposes and should be left unchanged.

Construction Loan

We offer financial solutions as individual as you.