Construction Loans - Your Trusted Online Mortgage Broker

Construction Loans

We're expert Mortgage Brokers helping you fund your new build or renovation with a Construction Loan

5.0

from 61 Reviews

Fund your new home or upgrade with a Construction Loan

Building your dream home is an exciting journey, and choosing the right Construction Loan can make all the difference. Construction Loans are unique; they're specifically designed to fund the building or significant renovation of a property. Here's where LoanBuddy shines as your ideal partner in this significant venture.

One standout feature of Construction Loans with LoanBuddy is the progressive drawdown. This means that instead of receiving the full loan amount upfront, the funds are released in stages as your construction project progresses. This method is beneficial for two major reasons. Firstly, it helps manage your budget more effectively, ensuring funds are available when needed and not spent prematurely. Secondly, it can save you a considerable amount in interest costs.

Speaking of interest, another appealing aspect of securing a Construction Loan with LoanBuddy is the option for interest-only payments during the construction phase. This feature allows you to pay just the interest on the loan for a set period, usually until the build is completed. It eases the financial pressure during what can be a costly time, allowing you to focus more on the construction process without the full weight of loan repayments just yet.

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Our Process

Discovery Call: Our initial consultation helps uncover your goal, aspirations and to choose a suitable solution for you to realise your goals.
Research: We analyse the information we’ve uncovered and carefully consider strategic solutions that will help you achieve your goals.
Recommendation: We will then provide you with your recommendation and a choice of lenders to choose from.
Loan Application: Once we have proceeded with the recommendation, we will submit your application with the chosen lender.
Approval: This is when the chosen lender has confirmed they are willing to approve and settle your loan. At this stage, you can relax.
Settlement & Ongoing Reviews: Congratulations your finance journey has been completed! We'll also check-in regularly to ensure the initial solution is still relevant for your goals.

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Our Recent Reviews

Great work by Shane, simple process, great communication and even better results.

Zain Zeino

Shane is a legend! It was the first time my daughter and I have invested in property. We organised the finance through loan buddy. It was was a breeze. Shane held our hand, advised and was with us every step of the way. Thanks Thomas.

Thomas McNeish

Prompt professional advice and communication. Shane walks you through every step of the process and is super helpful.

Jason Brand

Shane is an amazing Buddy! Yes, a buddy who had guided us all the way end to end, from refinancing, overcoming hurdles, educating and securing an additional loan for a new build. Every step of the process was followed up with clarity. Couldn't ask for a better service so Shane is a person we will engage with again in the future.

Ruben Rajan

Frequently Asked Questions

Do I pay to use LoanBuddy?

In most cases you do not pay for our services. If there is a fee to pay you will be notified up front before your application is submitted.

Am I ready to speak to a mortgage broker?

Whenever you have a property objective, be it buying a new home or refinancing your current one, it’s time to have a conversation with a mortgage broker, or, as we like to refer to them, our ‘home loan experts.’

We’re here to guide you on your journey, helping you reach your destination, wherever that may be!

How does LoanBuddy get paid?

Lenders compensate us to help you secure an outstanding home loan.

Why do they do it? Well, lenders highly value new customers, and our role involves handling many of the complex tasks that lenders typically perform to guide you through the home loan process. Hence, they reward us for our assistance.

Importantly, we’re impartial in our recommendations. As mortgage brokers, we are legally obliged to prioritise your best interests when suggesting a home loan.

Rest assured, choosing us won’t result in higher loan costs compared to going directly to a lender. In fact, we often secure better deals for you than the advertised rates.

Think of us as your trusted allies. We’ll always provide full transparency regarding any commissions, as disclosed in our documents.

Who is LoanBuddy?

We are an Australian Mortgage Broker business. At LoanBuddy, we pride ourselves on being more than just home loan experts. We’re your trusted partners in making you feel secure about your home loan choices.

Our powerful combination of cutting-edge technology and extensive experience is your key to discovering ‘the perfect’ home loan from a selection of over 30 lenders and thousands of loan options.

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Suite 19, 103 George Street, Parramatta NSW 2150

(02) 9188 2138

Loan Buddy Pty Ltd ABN: 50 646 574 487. Credit Representative #528658 is authorised under Australian Credit License #389328

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.