It is essential to attach all the required documentation with the application to boost your chances of loan approval. The lender will lookout your savings, investments to make sure you are in the position of repayments. Moreover, further documents like a fixed price building contract, building plans approved by the council, and a copy of the builder’s license will be needed.
Once your construction loan is approved, our professional will let you know and give you funds in a series. After considering the building process outlined in your building contract, these milestones will beset us.
Before making the last payment on your builder’s account, the lender will check the property and ask for a few more documents to complete the verification and final valuation of the building. After the payment, the loan will switch to standard home or loan packages according to your requirement.
Now you are all set. With our outstanding services, you can freely make your decisions without worrying. It’s time to get off the ground and celebrate the brand new house with your friends and family.
Gowanbrae is a suburb of Melbourne, Victoria, Australia, 13 km north-west of Melbourne’s central business district. Its local government area is the City of Moreland. At the 2016 Census, Gowanbrae had a population of 2,773. Gowanbrae is bounded by the Western Ring Road in the north and west, the Tullamarine Freeway in the west, the Albion-Jacana freight railway line in the south, and Moonee Ponds Creek in the east. It is the City of Moreland’s newest suburb, with residential development started in the 1990s and continuing.