Short-term loans specifically for funding the construction phase of a building project, typically converted to a mortgage upon completion.
Like a temporary bridge that helps you get across until a permanent one is built.
Related Terms
Acknowledgement of Country
Born in Yamatji Country. Currently living and working on the land of
the Wurundjeri Woi Wurrung People. We acknowledge the Traditional
Custodians of this land, whose sovereignty was never ceded, and pay
our respect to their enduring connection to Country.