I am building / renovating
If you are building a brand new home or planning on renovating your existing home, MyRate has loan products which may be suitable for you.
Consider the MyRate Construction loan if you require up to 90% finance for:
- Purchasing land and constructing a new home (work must commence within 12 months of land settlement)
- Construction of a new home
Planning on renovating your home?
It may be possible to fund your renovations with the equity available in the value of your property. If not, the construction loan may be suitable for you. We can lend up to 85% of the value of your property when refinancing. A MyRate consultant can suggest the best loan option for you.
MyRate is not able to provide finance for:
- Owner builders
- Land only purchases
- Developments and commercial purposes