Construction Loans - 0 views
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citiwide homeloan on 26 Jan 13ou need a Construction Loan when you want to build a new home, whether it is on a block of land that you already own or part of a House & Land package. A Construction loan is generally drawn down in stages as the builder reaches the different milestones stipulated in the Building Contract. Citiwide - Construction Loans These stages are generally: The base stage (i.e. when the concrete slab is laid) The frame stage (i.e. when the framework or walls are up) Lockup stage (i.e. when the roof, door and windows are in place)