If you want to build a new home rather than buy an existing property, you will need a different type of home loan known as a construction loan.
A construction loan can also be suitable if you want to make major renovations to your existing home or to a property you have bought but which needs some work before you move in. Detailed documentation is required for this type of loan. A Bernie Lewis Mortgage Broker will be able to advise you about the requirements.
Download a fact sheet about construction loans
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