Browse Forums Building A New House Re: Deposit for construction loan - worrying myself sick!!! 2Jul 28, 2009 11:45 pm 2014 - Prepping to build the Soho 4 with Plantation homes, industrial style 2009 - Built the Brampton with Coral Homes viewtopic.php?f=31&t=15399&start=280 Re: Deposit for construction loan - worrying myself sick!!! 3Jul 28, 2009 11:55 pm A thankful person is a happy person. [/color]My hobby design blog: http://aviewondesign.blogspot.com/ Re: Deposit for construction loan - worrying myself sick!!! 6Jul 29, 2009 12:22 am A thankful person is a happy person. [/color]My hobby design blog: http://aviewondesign.blogspot.com/ Re: Deposit for construction loan - worrying myself sick!!! 14Jul 29, 2009 7:36 pm If you use the advertised PD broker they only require $2.5k deposit, not the full 5%. This is for lifestyle PD, not sure about the others but assume it is the same.. 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.… 2 19097 In NSW the maximum deposit for building work is 5% until the builder provides HBCF insurance 1 4821 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. 1 35326 |