Owner-builder loans are loan products specifically designed to borrowers planning to build their own house. Unlike any other types of loans, these loans have specific requirements that every potential borrower needs to prepare. Building your own house or doing major renovations can be both stressful and overwhelming. Without any idea of this process, hiccups along […]
Applying for owner builder loans for the first time can be stressful if you are clueless of the things to expect. This is because lenders can be very particular in approving applications for these loans. But with proper guidance from lenders and brokers, this can become a very rewarding experience. Applying for these types of loans can […]
Building your own home could be a challenging yet an exciting project. When you decide to build your own house, it means you are taking the entire responsibility of building a home from scratch, from determining the layout, choosing the number of rooms, choosing the finishes, and even the landscaping. While the idea could be […]
Getting financing as an owner builder can sometimes be difficult – only with the wrong people and the incorrect approach in applying. You can still maximize your chances of getting approved, despite how stringent and tough lending criteria can be for most owner builder home loans today. Continue reading to learn more. Lenders and banks […]
In most banks in Australia, the application for owner builder home loans can sometimes be limited to those who have a license to build. It can be quite difficult to come by for owner builders who would want to go through the path of building their own homes. Luckily, there are non-conforming lenders and financial […]
Building your dream home in a land that you enjoy the view and adore the neighborhood is a vision we all would want to achieve. However, for the risk-takers and courageous, it is indeed possible to build your envisioned home in a property of your choosing, through owner-building. Buying a property and constructing your home […]
Owner builder home loans is a challenging yet fulfilling avenue that you can embrace to be able to make your dream homes a reality. However, homeowner building requires not only financing but as well as time, dedication, expertise and experience to be a success. This is the reason behind fewer banks offering owner builder home […]
Owner-Builder Loans Basics: What You Need to Know As an owner builder trying to get a loan, there are many questions that you want answers. You may consult a financial advisor or a mortgage broker specializing in construction loans. And if you have started your research, you may have figured that getting an owner-builder loan […]
Defining a Good Owner Builder There are several homeowners who have built their own homes and have become their own contractor of the project. They had the benefit of earning more equity, cutting down costs, and building a home they want. Building a home is not as complicated as you think. In fact, one out […]
Many homeowners today either acquired their home through a home mortgage or hired a contractor to build their ideal homes. However, for some homeowners, they have taken the owner-builder route. The owner-builder are those who build their own homes or doing the actual work or supervising the work. For most who have taken this route […]
Is It Better to Get Loan From the Bank or from the Broker? Owner Builders have the dilemma to whether choose loans coming from banks, or to those coming from brokers. Firstly, owner builders are individuals who take responsibility for domestic building work done on their own land. These people primarily takes charge in managing […]
Why is an Owner Builder Home Loan Different? This Intellichoice manager in 2011 speaks about why Owner Builder Loans are different from normal home loans – differences that remain the same in 2018! Committing to managing your project as an Owner Builder using an Owner Builder Loan needs sufficient consideration and specialised support. Ask us […]
When you want to secure finance becoming an Owner Builder is the best choice. Owner Builder is a person who prefers to build their own home so that they will not have to work with a legal builder. It can help to save 20% of the cost of building a house that means a lot […]
Owner Builder Loans: How it Works, Benefits, Things to Consider Owner builder loans are hard to get. This is because owner builders are generally thought of as high-risk borrowers by banks and loan companies. In any event, an owner builder loan can help you get much-needed funds for your project. Below are a few primers […]
Say what you like about Banks and Bank Managers, there is one simple and inescapable fact. They are in business to make money. As a result, they assess loans on the basis of profit and risk. Banks and other financial institutions have 50 years experience worth with Owner Builders and over that time they have […]
What is the Situation with Owner Builders in Queensland? In all states and territories within Australia except Queensland, you can get “Builders Warranty Insurance”. This is insurance that “is acquired by the builder and issued to the homeowner to protect them against loss due to non-completion, defects and breach of statutory warranties by the builder. […]
Why are the cost savings so significant when you Owner Build? In its simplest definition, an Owner Builder assumes responsibility for the construction or renovation of a home. “Not so hard,” I hear you say? In reality, what it means is that you are in charge of every single thing to do with that house. […]
Not everyone is as passionate about Owner Builder Loans as Jo King of Intellichoice Not everyone is as passionate about Owner Builder Loans as Joanne King of Intellichoice, a Brisbane based company that specializes in obtaining finance for Owner Builders. According to Jo, the client projects that give her the most satisfaction are the ones […]
Why Should I Use Intellichoice? When you become an Owner Builder, you take on the responsibility of managing all the elements of your project. You are in charge of everything, from tradesmen to insurance to materials and everything in between. It also means you are in charge of the financial aspect of the project. Unless […]
Top Tips for Successfully Owner Building a Project At Intellichoice, we’ve been helping Owner Builders turn their dream houses into a reality for more than ten years. We’ve seen lots of people embark on the Owner Builder adventure and we’ve learned (sometimes the hard way) the most common mistakes that can trip people up and […]
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