The Rock’s Construction Home Loan makes getting into your new or renovated home easy. It’s designed specifically with the difficulties of the building process in mind, and unlike some other lenders, doesn’t charge you a higher interest rate for it. You get the same low variable rate as other home loan customers.
During the construction period, you’ll only pay interest on the amount drawn down to date, so you can keep up with your rent or existing mortgage repayments while your home is being completed. Plus, we can take control over payments to your builder, only making progress payments with your authorisation, and checking all works with an independent valuer before payments are made.
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