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Construction Loans Assistance
If you’re seeking a loan for construction or renovation, East Coast Finance Group can assist you in navigating the options available. Most construction loans are based on equity funding or progress payments. Equity funding is determined by the amount of accessible equity in your home. If you have an adequate amount, our team may be able to help you set up a line of credit to fund your construction.
Progress payments, on the other hand, involve paying contractors at set milestones throughout the construction process. Within these options, there are many mitigating factors and loan features that our team can help you assess. We aim to give you all the information required to decide and have peace of mind going forward.
So, whether you are extending your home, building a secondary dwelling or building a new home from scratch, East Coast Finance Group is here to simplify the process as much as possible. Book a consultation with our team in Warners Bay,
Newcastle,
Lake Macquarie,
Maitland,
Mudgee, or
Cardiff today.
Book a Loan Consultation Today
Commercial Loans Assistance
If you are a current business owner or looking to start a new business in Warners Bay, East Coast Finance Group can assist you in applying for a commercial loan. With access to an array of reliable lenders, our team offers insights, planning and advice to help you secure the loan you need to fund your commercial pursuits.
Whether you are trying to expand your existing business or purchase a commercial property, East Coast Finance Group is here to help you secure a loan that is best suited to your ambitions. From invoice financing to business overdrafts, our team can walk you through your options and tailor a service to suit your needs.
If you are hoping to invest in a commercial property, we also provide access to all the
investment loans available to you. Get in touch with East Coast Finance Group today and book a consultation with our team.
Self-Employed Loans Checklist
Personal Identification
- 100 Points of Identification is required:
• A current passport or Birth Certificate is 70 points
• A driver’s licence is 40 points
• If these supporting documents are in your maiden name, you will also be required to provide your marriage certificate
- In the event you do not have one of the above forms of ID, you can provide:
• Medicare Card
• Council Rates Notice
• Pensioner Concession Card
• Credit Card or ATM debit card
Income Details:
- The last two years personal tax returns & ATO assessment notices
- The last two years business tax returns & ATO assessment notices
You May Also Need:
- Rental income statements or bank accounts showing rental income for any investment properties
- Proof of share dividends or interest earned
- Centrelink letter confirming family tax benefits
- Centrelink letter confirming permanent government pensions
- Private pension group certificate or statement
- Proof of any other regular, ongoing income
Self-Employed Loans Checklist
Additional Documents for Refinancing:
- Documentation on your existing loan, including the date the loan commenced, loan period & any financial penalty payable if you exit the loan early
- Statements for the last six months for any existing home loans & personal loans
- The most recent Council Rates Notice & building insurance policy on the property or properties being offered as security
- Credit cards
• If you have credit card debt, statements for the last six months
• If you don’t owe anything on your credit card, the most recent statement
Additional Documents If You Already Own a Home:
- Statements for the last six months for any existing home loans or personal loans
- Your most recent credit card statement
- Copy of the Contract of Sale for the property you’re buying
- Statements for the last six months to show your savings/investment history (this could include share certificates, savings account statements, term deposit statements, etc.)
- If other funds are being used for the purchase, evidence showing where the funds are held
- If other funds are being given to you, which are not already in your bank account, you will need a Statutory Declaration from the person giving you the money
Self-Employed Loans Checklist
Additional Documents for Investors:
If you already have investment property/ies:
- Evidence of income, such as rental statements
- A copy of the tenancy lease
- A Council Rates Notice
- Copy of the Contract of Sale for the property being purchased
- A letter from a property manager indicating likely rent for the new property
Additional Documents for Borrowers Seeking a Construction Loan:
- A copy of a valid builder’s fixed price tender, including all specifications
- A copy of Council approved plans
