The Loans Café

This Weeks Episode of Home in WA

Murray Brede


1300 135 560

08 9225 5611

0417 889 955

197 Adelaide Terrace
Perth WA 6004

This Weeks Episode of Home in WA

38b Marine Terrace
Fremantle WA 6060

When it comes to finding the right loan for your home it can be a pretty daunting and stressful experience, so someone's come up with the smart idea of combining one of life's great pleasures with one of life's most challenging processes, with the Loans Cafe.

The Loans Cafe is all about demystifying the loan process, by creating a welcoming and non-initimidating space where you can read their selection of finance books, do some online banking on their free internet kiosks, or get some advice from one of their on site brokers over cup a coffee.

The difference between a construction loan and a standard home loan is that instead of making a lump sum payment, the loan is usually paid out in different stages of construction.  But construction loans can be bit tricky, and often catch people out, especially when you start making variations to the original plans that you haven't budgeted for.

“Jennifer Hackney is one of the Loans Café specialists who is actually going through a construction herself. “I’ve personally helped  over a hundred clients obtain finance and build their own dream home. I’ve managed these from preapproval when they went looking for the land, to prestart and through to completion and handover. Construction loans can be a bit tricky and need to be carefully planned at the earliest possible time. People can run out of money prior to handover because the banks will only budget on the money noted on the original building contract. Communicating with your broker at all stages helps stay on budget.

So if you're on planning on building, pop into the Loans Cafe for a coffee and a chat with one of their professional staff who will talk you through the process and save you from running into problems, and out of money, later on down the track.