KDR - Home Equity Loan vs Construction Loan
The biggest challenge will be if you take out a loan and then run out of money - you'll have an incomplete security and lenders do not like this so you can get stuck.…
Home loan and landscaping change in price
Hi, you've probably already resolved this, however, Commbank will probably pay the funds to you after you send evidence the work is done regardless the change in the quotes.
How Do You Show Proof of Income Without Pay Stubs?
Your tax notices over multiple years may be accepted to show consistant income, Bank statements showing incoming pay etc. However your employer is legally obliged to…
Build postponed - moving funds for building to loan account?
Great question about home loans and savings. You have a solid plan for your renovation funds, but you want to ensure you understand your loan and offset account details.
CBA construction loan - out of contract items
Hi Noname, Yes we paid the contributions to the bank and then they would pay trades from that. I received confirmation that the bank will reimburse funds at completion…
Building price rise- refinancing combined land and construct
Hello all, We have a combined land and construction loan, currently paying off the land component, and yet to draw down on the construction component, as our…
Bridging loan - protection from supply chain delays?
Thanks Justin, much appreciated.
Land Loan first and Construction Loan Later (Does it work?)
Thanks Bec! I would have thought so too, given really low fixed interest rates prior months ago. thanks for the insights
Land loan fixed and ready to build - charges?
Hi all! First time builder here so thanks for your patience and understanding I fixed my land loan for 2 years however I am ready to build now. Will I be charged for…
Very Low Income - Large Deposit - will I get a house loan?
Hi OP! I think that it would also be a good idea to consult a mortgage broker about this so you can have a better idea of all the available options…
Loan repayments during registration/building phase
First home buyer
Getting a loan approved - better to have house or cash?
When a person bets on a particular number, the gambling house also stays in the black, despite the fact that the winnings seem…
Valuation shortfall on Contruction component of our loan
Thanks for the heads up mate. We have a very good relationship with our builder, so that gives even greater comfort.
How much do living expenses history influence loan amount?
I would not post that you have cash sitting at home on a public forum. just ask the bank these questions. cheers Pulse
Tips for Build valuation...what should I include?
Hi. We have to get separate contracts for land and then one for build - not ideal as I have better chance of coming in on valuations if they're together....(I think) My…
Does our current mortgage bank need know knockdown rebuild?
We have been in a similar but slightly different situation twice. We've had loans on vacant blocks twice and have then built on the land using cash. Technically we should…
You are hereBuilding Forum›Home Finance ▼
You are hereBuilding Forum›Home Finance