MyRate Construction Loan by MyRate
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The MyRate Construction Loan allows interest only repayments while your house is being built. You then need to pay the principal and interest each month. There are no on-going fees and you don't pay any initial costs either. Pay back your loan whenever you can with the additional repayment option. This loan suits both owner occupiers and investors. Only pay a deferred establishment fee if you pay back the loan amount within five years.
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