Browse Forums Building A New House Re: paying for your new house ! Couple of questions 11Nov 20, 2011 7:44 pm What I will be doing is when construction begins ensure that I have 12 months of mortgage payments in the redraw for my current home and flick the loan to interest only, so we don't have to put any money into that mortgage for at least 12 months. We will be getting a 2nd loan for the entire land and building costs and begin making mortgage payments on this loan only. This mortgage will obviously balloon above my ideal amount through construction but once we sell we input that cash and the repayments will drop. Same as you not ideal but will get everything done Hi Suku18 In NSW the statutory required insurances are: 1. HBCF ( Home Building Compensation Fund) - This is if the builder dies or goes broke. But this only covers 20%… 1 2712 Title: Expert Tips for Painting Your Own House: Insights from Brisbane Painting… 0 276 Personally, considering your layout (study/work desks in bedrooms), I don't think you have any other option but to leave NW windows and make them as big as possible e.g.… 7 10470 |