Browse Forums Home Finance 1 Nov 16, 2021 12:57 am 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 not completing the fixed amount period? My understanding is that the bank will have to consolidate my loan into one? Or can I have a separate Loan for my fixed and variable for construction? Thanks for the help in advance. Thank you so much everyone. This all makes a lot of sense. I guess when you talk to a builder who butters up everything to look very polished, you get to start believing… 7 19387 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 19787 Unless there were unforeseeable issues with the site, I dont think you should have to pay for contractors errors or poor planning. I'd probably try and be reasonable and… 5 4823 |