INTEREST RATE

INTEREST RATE

 COMPARISON RATE

COMPARISON RATE

OWNER OCCUPIED VARIABLE¹

  • Conditions, fess & charges apply

 INTEREST RATE

INTEREST RATE

 COMPARISON RATE

COMPARISON RATE

INVESTOR VARIABLE²

  • Conditions, fees & charges apply

You’ve decided to build your own home or renovate an existing dwelling and have found a licensed builder to do so. Morgan & Brooks can align you with the perfect construction loan to provide you with the funds to enter into a building contract and make your dreams a reality. Construction loans have the benefit to be advanced on the settlement of the land contract and thereafter progressively drawn down as your builder complete various stages of your home. In the unlikely and unfortunate event your builder encounters difficulties, lenders traditionally retain sufficient funds from your loan during the construction phase to ensure you can complete your dwelling with another builder. Your payments will progressively increase as the loan is fully drawn after which you can choose to fix a portion or all of your fully drawn advance.

1. This rate is only available to owner occupiers with a loan to valuation ratio of less than or equal to 90% and a loan size above $150,000. For new applications received after 23/08/2018 but subject to change. Comparison rate above is based on a home loan of $150,000 for 25 years. WARNING: The comparison rates are true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in different comparison rates.

Applications are subject to approval. Conditions, fees and charges apply.
Not all lenders lend in every state or territory.
2 This rate is only available to investors with a loan to valuation ratio of less than or equal to 80% and a loan size above $250,000. For new applications received after 23/08/2018 but subject to change. Comparison rate above is based on a home loan of $200,000 for 30 years. WARNING: The comparison rates are true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in different comparison rates.

Applications are subject to approval. Conditions, fees and charges apply.
Not all lenders lend in every state or territory.