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Definition: Construction Loans/Bare Land Finance

This is a home loan which may be for land and construction, land only or construction only. Interest only during construction and Principal & Interest thereafter. A fixed price contract is required for construction. Time limits usually apply on vacant land for construction. Progressive draw downs during construction is often possible.

Email us at talktocrediflex@crediflex.co.nz or call us on 09 445 0002 to find out more.

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