We can help you every step of the way
If it is your dream to renovate or build a home, CFS can help you select a smart finance option for your project and provide valuable tips and guidance throughout the entire process.
Understanding your budget and organising your finances before you start your project is essential for a successful outcome. Depending on your circumstances and how big your project is, you may decide to redraw from your current loan, refinance to borrow more, or establish a Building and Construction loan. We’ll talk to you about the pros and cons of each option and what would be most suitable for you.
CFS has helped many clients complete their dream renovation and builds. We know how critical your budget and finances are at every stage of the project.
If you’re thinking of renovating or building, contact CFS today.
You can rely on us
We will help you every step of the way, with a smart result and outcome for your circumstances.
We’ll do the leg work
Rely on our expertise to recommend the most suitable finance solution for your project and crunch the numbers to help ensure your project budget stay clear and organised.
Pre-purchase approval
Organise a pre-purchase approval so you know how much you can borrow and how much you can afford to spend.
We’ll take care of paperwork
If you need to apply for a new loan or a loan increase, we’ll take care of the application process, saving you time and frustration.
How your loan works
We will help you understand and educate you about how your new loan works to ensure you get the most benefit from it.
Smooth loan settlement
Coordinate a smooth loan settlement.
Educate and guide you
Share our knowledge, tips and guides to help make house hunting for your next home and moving home easier.
Have an experienced team on your side
- We’ll ensure your new loan is the right one for your needs
- We’ll save you time, hassle, and money
- We’ll ensure you understand how to manage your loan so that, ultimately, you can pay it off sooner
FAQs
Can’t find the answer to your question?
Contact Us – We’re ready to help.
There are a few options to consider, and the one that is right for you will depend on your personal circumstances and your renovation project. For example:
- If your existing loan has a redraw facility and you have been making extra repayments, you may be able to draw on these additional funds.
- If you have equity in your current home and you can mage extra repayments, you may be able to increase the amount of your existing loan.
- You may be able to refinance your loan with your current lender, or an alternative lenders to borrow more
- If your renovation is a larger project, you may require a construction loan.
The right financing option for your renovation will depend on your personal circumstances. The scale of your renovation will also be a factor to consider.
A building/construction loan is appropriate for larger renovation and new building projects. Unlike a regular loan, the money available through a construction loan is drawn down following pre-determined stages of the build. An inspection of the property is usually done by the lender at each stage before the funds become available.
When applying for a construction loan, you need to have a building contract, plans and builder finalised.
If you are renovating, this will depend on the nature of your renovation.
If your renovation is more complex or if you are building, there are usually more steps involved in applying for a loan and additional documents you need to provide including a signed building contract, details of your builder and final building plans.
If you are considering renovating or building, talk to Court Financial Services as early as possible to ensure you have time to apply for and establish the right finance for your project.
