NOW is a great time to build new
You may have heard in the media recently a lot of talk around low borrowing rates, increased borrowing capacity and competition between banks by offering incentives for property buyers and refinancing options.
It can all sound a little daunting, especially if you’re a first-time home buyer, but we can make this easier. If you’re considering building with MOJO Homes, you have access to MyChoice Home Loans, who can provide support and guidance to ensure you find the perfect home loan to fit your unique requirements and goals.
Due to lending availability from banks, NOW is a great time to build.
MOJO have put together a few dot points with the help of our MyChoice Home Loans Sales Manager, John Berghella to explain how MyChoice Home Loans can help make your dream of building your own home a reality.
Borrowing rates are the lowest across the market for construction they’ve ever been. Rates are currently starting from 2.89% and are tipped to reduce event further. So talk to MyChoice Home Loans to learn what interest rate you can obtain for your construction loan.
There is an increased borrowing capacity with lenders following APRA’s recommendation to reduce serviceability assessment floor rates in July 19. Understand your limits, MyChoice Home Loans are able to assist you in learning about your own borrowing capacity.
Competition between Banks
There is increased competition between banks to win new business, be this offering cash back to purchase new property or refinancing existing loans. MyChoice Home Loans are here to help assist you in obtaining the best finance offer for your personal situation.
The Right Advice is Key
Getting the right advice is key when it comes to funding your dream home. Beyond the first conversation, our home loan experts at MyChoice Home Loans will provide ongoing support and advice through your entire building journey, even when you've settled in to your new home. When it comes to finding the right construction loan for your circumstance, a chat with a Consultant from MyChoice Home Loans could save you thousands.
To learn more, head to the MyChoice Home Loans website: http://www.mychoicehomeloans.com.au
Or contact us directly below.
Phone: 02 8311 4400 (Sydney) and 02 4036 3600 (Hunter)