We calculate realistic borrowing power based on income, expenses, and deposit.
Guidance on low deposit loans, guarantor options, and government schemes.
We compare major banks and specialist lenders that suit first home buyers.
We structure loans to reduce costs, improve flexibility, and plan ahead.
From pre-approval to settlement, we manage the process end to end.
Plain English advice so you know exactly what you are signing up for.
Building a home is different from buying an established property. The finance needs to match the construction process, not work against it. A standard home loan is not designed to handle progress payments, variations, and build timelines.
A Construction Home Loan releases funds in stages, known as progress payments, as your build moves forward. You only pay interest on the amount drawn at each stage, which can help manage cash flow during construction.
At Mortera, we guide you through the full process before you commit. This includes reviewing your building contract, understanding progress payment stages, and selecting lenders that work smoothly with builders and councils.
Not all lenders handle construction loans well. Some apply strict conditions, slow valuations, or inflexible payment schedules. Choosing the wrong lender can cause delays, disputes, and unnecessary stress during the build.
Our role is to structure the loan correctly from the start. We align finance approval with your build timeline, ensure funds are released on time, and help you transition smoothly to a standard home loan once construction is complete.
Funds are released in stages based on construction milestones, such as slab, frame, lock-up, and completion. Interest is charged only on the amount drawn.
Most lenders require a fixed-price contract before approving a construction loan. This helps manage risk and confirm total build costs.
Yes. If you already own land, its value can be used as part of your contribution or deposit, subject to lender assessment.
Once the build is complete, the loan usually converts to a standard home loan. At that point, you can review rates and features.
They can be more complex, but with the right preparation and lender selection, approvals are achievable. We manage this process for you.
Mortera is available 8am to 8pm, seven days a week.
We work Australia-wide.
No obligation.
Expect a response within five minutes during business hours.
298 George St, Haymarket, Sydney, Australia
Mortera Finance Pty Ltd trading as Mortera
ABN: XX XXX XXX XXX
Australian Credit Licence: XXXXXX
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