How are residential construction loans different to home loans for existing houses?

How are residential construction loans different to home loans for existing houses?. MW Mortgages - Kiwibuild 2019

How are residential construction loans different to home loans for existing houses? video duration 7 Minute(s) 16 Second(s), published by Prosperity Finance_NZ Mortgage Broker on 30 07 2019 - 20:00:00.

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New Zealanders love to build new houses. Before building a new home, it’s good to first understand how you can have a newly built house and secure building finance. Here, we discuss the four differences between construction loans for new builds and home loans for existing houses.
Learn more: https://prosperityfinance.co.nz/blog/how-are-residential-construction-loans-different-to-home-loans-for-existing-houses-

Video Timeline
Difference 1: Loan amount 00:34
Difference 2: Type of contract 02:47
Difference 3: Builder’s qualifications 04:22
Difference 4: Registered valuation 04:47

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