Browse Forums Building A New House Re: Construction Loan Pre-approval 12Sep 06, 2019 11:14 am Cooky Thank you! I've emailed our bank contact to push this forward. My Broker said "we cant get any approval, unconditional or otherwise without DA approved plans and a contract. My suggestion to you is to find the cheapest builder and go with them and once your plans are approved we can get the approval" Gobsmacked. Pretty bad advice. He was great during the land loan process...not sure what is going on now. cooky I am pretty speechless with that statement from your broker I have just PM'd you 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 19118 The fastest thing a builder will do is bank your cheque, those systems work perfectly with lightning speed, everything else is slow burn. Just the way it is. 1 8715 1 2994 |