If you want to build a new property or renovate an existing one, MGM Lenders Inc. loan is one of the best ways to finance it.

Gather the information you'll need to apply for the loan.

• A fixed price contract from a licensed builder for the construction
• Council approved plans and specifications of the proposed residence
• A copy of builders insurance which must be current during construction

Talk to MGM Lenders Inc. about getting your project valued

• We'll allocate a specialist valuer to your project
• The value of your completed project will be estimated
• The valuer will check the progress during construction - to make sure the work has
• been completed as stated and to approve the builders progress claims
• Once completed, the valuer will confirm a final valuation of your property
  

Paying your suppliers

• Paying your suppliers
• This is done by providing us with a copy of your builders invoice along with a request
• for funds at agreed intervals. Often this is:
  · At the concrete or timber flooring stage
  · When your framework is done
  · Once you can lock up your property
  · On completion of your project
• The valuer will be asked to confirm the works stated
• MGM Lenders Inc. will approve the claim and pay the amount direct to your builder