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 Recent Reviews

Exceptionally Great Service refinance with LoanBuddy who is Shane. Can't appreciate enough what He has done for my refinancing with new lender. Quick response, efficient & consistent on everything and many more....

Yaw Mai

The service we received in assisting us to obtain finance for our property was second to none. The process was efficient, professional, stress-free and most importantly.. easy to understand and follow. Each step of the process was clearly ...

Lea J


athour shaheen

Buying a property can be a stressful journey, and getting a home loan is a big part of it. We decided to use Loan Buddy for mortgage broking services when purchasing our first home in Sydney. It turned out to be the best decision as we had ...

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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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