Finance for home improvement

Unless you have the money in cash you will need to refinance your existing loan when considering an extension or renovation, and it's a good idea to go through a mortgage broker when doing this.

We provide access to the professional services of Resolve Finance to assist you in making the right financial decision when improving your home.

Resolve is an award winning brokerage with specific expertise in construction finance and can guide you through this process.

Resolve provides access to a wide range of lenders meaning that you may get a better deal on your current home loan, but regardless of whether you stay with your existing lender or change providers, they'll ensure your loan is structured correctly for you and your builder's needs.

Move or renovate?

Moving home can be a costly exercise when you add up all the fees involved, not to mention the inconvenience caused to you during that time.

If you love where you live but your home just doesn't allow you to live the way you want, then a renovation could be the solution - and the finances stack up too.

The table below shows what your additional repayments might be per week for varying renovation costs.  This could be even less if your repayments can be reduced by refinancing or consolidating your existing commitments to a lower rate.

Cost of renovation	$50K	$100K	$150K
Extra repayments per week	$67.30	$134.61	$201.92
Cost of renovation	$200K	$250K	$300K
Extra repayments per week	$269.22	$336.52	$403.82
Cost of renovation	$350K	$400K	$450K
Extra repayments per week	$471.12	$538.42	$605.72

Nb. Interest repayments are calculated based on an interest only loan at a rate of 7% and a 30 year loan term.

 

Costs to consider when moving:  

• Stamp duty
• Agent fees
• Legal fees and conveyancing costs
• Building and pest inspection reports
• Removal costs

 

About Resolve Finance

 

Resolve is an award winning brokerage achieving 9th position in The Advisor Magazine's Top 25 brokerages of 2011, making the top 10 for the second year running.

Having worked with Dale Alcock Home Improvement and the ABN Group for a number of years, Resolve has specific expertise in construction finance as well as access to unique construction home loans unavailable anywhere else on the market.

Resolve's reputation is second to none, which is why we recommend them. Their customer support, unique industry knowledge, and ability to assist where other's cant is why thousands of Australian's use Resolve for their financial solutions.

Additional Services

• Home loans
• Home loan reviews and refinance
• Commercial lending
• Financial planning
• General insurance

For more information contact 1300 883 293 or visit www.resolvefinance.com.au

Resolve Financial Solutions Pty Ltd
1st Floor, 131 Hasler Road Osborne Park WA 6017
Australian Credit Licence No. 385487

Because it's all about saving you money, this obligation-free service is available to your free of charge.