New Home Purchases
Home and / or Land Purchase – ‘Mortgage for Life’
Navigator Home Loans can assist with financing a range of new home purchases. Of course you have the standard established home purchase where your borrowing options are pretty much as broad as the home loan options available and your choices will naturally be driven by your personal situation. But there are also non-standard new home purchases which we can also assist with:
Construction loans are really a version of a standard home loan which rolls out in stages as the different phases of your land purchase and house construction unfold. While you can readily get a loan for land purchase alone, if you are buying land with a view to construction and require funds for the land purchase, most lenders will try to set up the entire approval process for you from the outset. Construction loans need to be planned and structured correctly to ensure you have adequate funds throughout construction. Let us help.
Off the Plan Purchases
When you buy a property off the plan, you effectively enter the contract of sale BEFORE construction of a building on the property has been completed. It generally relates to land development or building development. The main point that it is generally not possible to obtain an unconditional approval before the property development/construction is completed. This means that the development/construction process is to be monitored closely and great care is taken to ensure your financial circumstances do not dramatically change before completion which could hinder your ability to obtain an unconditional approval. Careful planning and communication is required to ensure the best possible outcome, this is where we can help.