For more than 25 years, Resolve Finance has been a trusted construction finance specialist. Our experience began by supporting some of Australia’s leading home builders, giving us a deep understanding of the construction process and the types of loans available. Over the years, we’ve built strong, established relationships with our lender partners, allowing us to navigate construction finance efficiently and provide clients with access to a wide range of tailored lending options
Home loan vs. construction loan: What’s the difference?
Unlike a standard home loan, a construction loan is a short-term loan designed to fund the building of your home. Instead of borrowing the full amount upfront, funds are released in stages, called progress payments, as each construction milestone (preparation, slab down, plate high, frame up, lock-up, fit-out, and handover) is completed.
The main benefit? You pay interest-only on the funds drawn at each stage, not the full loan amount, making repayments easy while your home is being built.
Once construction is complete, your home loan converts seamlessly into a standard home mortgage, with principal-and-interest repayments starting on the full loan amount.
We’re here to get you build-ready
Want to feel more informed when choosing a builder or house and land package? We’re here to assist you with the construction loan pre-approval process, which may help you understand your borrowing capacity and give you a clearer idea of your budget before you commit to a build.
Or if you’ve already selected your dream home, we can help you explore suitable loan options and guide you through the construction loan application process.
But our support goes well beyond approval.
Construction lending is more complex than a standard home loan, and that’s where having a mortgage broker on your side makes a huge difference.
We help you:
- Understand your borrowing capacity, including rent, progress payments, and site costs
- Compare lenders specialising in construction loans and their varying requirements
- Simplify builder paperwork so lenders have what they need
- Coordinate documents between you, your builder, and the lender
- Navigate progress payments, inspections, and variations
- Keep your finances on track with interest, cash flow, and repayment guidance
Construction loans for knock down rebuild projects
Whether you’re looking to upgrade, customise your home, or maximise your block’s potential, a Knock Down Rebuild (KDR) lets you stay in the location you love while creating your dream home. We’re here to help you secure the tailored finance to make it happen.
A knock down rebuild requires a tailored construction loan, with funds released in stages. This means you only pay interest on the amount released (drawn down), helping you manage cash flow throughout the build.
As the name suggests, your current home will be demolished, so temporary accommodation will be needed while your new home is built. Costs such as demolition and rent are important to consider, and our role is to sit down with you to understand your unique circumstances. Together, we’ll tailor your construction loan to factor in these additional costs and ensure the process runs smoothly.
Once construction is complete, your loan can seamlessly convert into a standard home loan, giving you a smooth transition into your new home.
Make your renovation possible with a construction loan
Planning a big renovation or extension to your existing home? A construction loan could help cover the costs in stages as each milestone is completed – from adding rooms to major structural upgrades, making your project easier to manage and budget for.
