Extra payments during construction
If you are building a new home, you are required to make set payments during the construction phase. You may find it useful to make additional payments above this amount during this phase. Any additional payment amounts will go towards reducing your loan amount once your home is complete. Please note, these additional payment amounts are not available for redraw during this phase.
Keystart recommends that you seek your own independent financial advice prior to making any decisions about your financial needs.