Browse Forums Home Finance 1 Jul 12, 2022 12:15 am 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 construction has not yet started. Our builder has told us a price increase is coming, and it sounds like its going to be more than we had anticipated. Has anyone had any luck refinancing at this stage (prior to construction)? Keen to hear anyone's thoughts? 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 36494 Just to makea point about this, an approach that some people have found sucessful in negotiating these rises down, Is to provide some workings to the builder, specifying… 4 82725 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 19721 |