Renovation Loans To Get The Job Done
With uncertainty in Australia’s economy and the Australian housing market, experts say it is better to work on your existing home rather than purchase a new one or even build a new one. Whether you’re upgrading your kitchen, renovating a bathroom or adding on a second story, Australian Lending Centre can make your complex renovation a simple project.
Taking out a renovation loan is cheaper than putting expenses on your credit cards. Since the payments for your project are spread throughout the span of your home loan, you pay less over time with renovation loans.
How Construction & Renovation Loans Work
When you apply for a enjoy your existing home construction or renovation loan, you’re essentially refinancing your current mortgage. Only rather than refinance at the value your home is now, you take on a larger loan at the value your home is estimated to be worth when your project is completed.
Take Advantage Today And Enjoy:
Updating a home you love to be more accessible and accommodating Personalising your living space to fit your needs and your lifestyle Remaining in a neighborhood you love while updating your home’s features. Increase value in your current home.