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Premier Choice Finance

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21.01.2022 BUSHFIRE EMERGENCY RELIEF Westpac announced further assistance for clients who lost their homes to bushfire - mortgage payment up to $1,200 paid for the next 12 months while they are rebuilding. With all the banks making different announcement each day, it can be confusing to keep up with the changes and get the help you need.... If your bank is not listed here, you can visit the ABA website for contact details to access the bushfire assistance packages for each bank: https://www.ausbanking.org.au//custome/financial-hardship/? fbclid=IwAR0WMi24hBTsdJdH62g43KLFvcPiMVTrktl7zzcjPdDbJr2Sqg_xlhGHZFo

08.01.2022 How does land & construction loan work? It is usually separated into 2 steps: 1) Land purchase 2) Construction phase... Main differences to a standard house purchase loan: 1) Deposit required - Borrowers have the option to put in all the deposit required at land purchase stage OR separated into land purchase stage & construction phase. 2) Progress payment - loan funds are paid to builder in stages instead of a lump sum to a seller at settlement. 3) Loan repayments - during construction phase, most lenders will only require interest only repayments. Loan will revert to principal & interest repayments once construction is completed. Feel free to contact me if you still have any queries on how land & construction works #SimplifyingHomeLoans