We'll help you fund your new build or renovation

Building or renovating a home is an exciting journey, but it can also be a complex financial process. At Your Loan Guy, we specialise in helping residents of Rockhampton and surrounding suburbs, including The Range, Allenstown, Frenchville, and Norman Gardens, navigate the world of construction loans. Our expert team is dedicated to providing you with access to Construction Loan options from banks and lenders across Australia. Whether you're planning a new build or major home renovations, our services are designed to make the process straightforward and stress-free.

When considering a construction loan, one of the primary benefits is the progressive drawdown feature. This means you only draw funds in instalments as various stages of your project progress, such as when paying your registered builder or sub-contractors like plumbers and electricians. Importantly, you only charge interest on the amount drawn down, not the entire loan amount. This feature can significantly reduce your interest payments during the building phase. We also offer interest-only repayment options, allowing you to manage your budget more effectively while construction is underway.

Applying for a loan with Your Loan Guy ensures a streamlined application process. We assist you in gathering all necessary documents, including council plans and permits required for your development application. It’s crucial to make a plan that aligns with your ideal location and price range. Our team will guide you in understanding council restrictions and regulations to find suitable land for your project. If you’re considering buying off the plan or demolishing an existing property for a new build, we’ll help you navigate these options efficiently.

The Progressive Payment Schedule is another essential element of construction loans. This schedule aligns with construction milestones and ensures payments are made at key stages, such as completion of the foundation or roofing. Progress payments ensure that funds are available to keep your project on track while maintaining financial oversight. Additionally, an 'as if complete' valuation is used to assess the property's worth at various stages, ensuring that your loan terms remain favourable throughout the project. Some projects may require additional payments for Out of Contract Items not included in the initial agreement. Our team will clarify these potential costs early on to avoid surprises.

Understanding your obligations is vital when you commence building within a set period from the Disclosure Date. We ensure you are aware of any Progressive Drawing Fees and conditions linked to your timeline. Our expertise includes advising on a home improvement loan for existing properties needing upgrades or adjustments. We also help clients who encounter challenges meeting council regulations or require adjustments due to unforeseen circumstances during construction.

In summary, Your Loan Guy offers comprehensive support to help you achieve your construction goals. By providing access to competitive interest rates and tailored loan amounts, we empower you to make informed decisions for your home project. Our experienced brokers are ready to assist you every step of the way, from the initial application to managing progress payments and final valuations. Reach out today to explore how we can support your construction journey with expert advice and a personal touch tailored to the unique needs of Rockhampton residents and its suburbs.

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Our Recent Reviews

Best loan guy in Rocky

Jonathan Lee

Glen Schneider

After being stuffed around by multiple agencies my partner and I finally found our breath of fresh air once dealing with Ashley. He is reliable, honest and stopped at nothing when it came to helping us land the house of our dreams. Ashley always took the extra step when dealing with us & even worked over the weekends to answer our questions or concerns. He went into depth with all of our options and provided his valuable expert opinion to ensure we were making the right decision to suit our needs. We would choose Ashley in every life time and will continue to recommend him to all of our family & friends.

Ainsley Bath

Ashley was absolutely amazing. He was helpful and professional, and always happy to explain everything in detail to make me confident with our loan, even with all of my questions. Ashley got everything done so fast, I didn't know that applying for a loan could be this easy. I would highly recommend. Way better than any bank. Way less stress.

Kerri L'estrange

Frequently Asked Questions

I want to upgrade to my next home, can you help?

If you've already earned equity, we can help you leverage this to secure finance to purchase your next home by leveraging equity and repayment history, preparing a compelling application and structuring your finance to suit your goals.

Can you help us build an investment property portfolio?

If you're wanting to climb the property ladder and you already own a home of your own, you may be able to leverage your equity to buy an investment. We do this by understanding your situation and goals, maximising borrowing power and cash flow and preparing a compelling application.

Do you help with home loan refinancing?

If you've had your current home loan for more than two yers, or your circumstances have changed, it may be time to review your loans. We help by assessing your situation and goals, scouring the market for suitable offers and preparing a compelling application.

Do you help first home buyers?

Buying a home of your own should feel exciting – which is why we streamline the process. We also make it easy for you to access government grants, take care of the paperwork and liaise with the lender on your behalf.

Can you help me get a better deal on my loan?

Getting a better deal doesn't always mean switching to another lender. We help by analysing your current loan structure, understanding what's available in the market and negotiating with your lender.

Can you help me get pre-approved for a Home Loan?

Loan pre-approvals are often system-generated, and if your situation isn't cookie cutter, you may get tripped up when it comes to the formal assessment of your home loan application. This is why we'll secure you a fully assessed pre-approval – to give you certainty.

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