Browse Forums Home Finance Re: Construction loan 4Feb 20, 2009 12:59 pm Building the Monaco 32 with Carlisle Homes Check out our blog for photos and progress reports: http://www.beigefreehouse.blogspot.com . Re: Construction loan 5Feb 20, 2009 1:00 pm Stevep79 & Principessa Finished building Wisdom Homes Impression 33mkII in The Ponds, Sydney http://lilypadintheponds.blogspot.com Sydney Land loan 8Feb 20, 2009 5:48 pm homemaker stevep79 and by own you mean you have 100% paid for it out of your own pocket and have no loan for it? if so, yeah it's very easy to borrow against the equity in your land. Oh good thanks, no we don't have a mortgage, its paid for, not out of my own pocket homemaker, this is a very easy loan to set up. Line of Credit or Basic low interest, the purpose and type of the loan is not the issue. If you own the land outright, this is one easy loan to do. 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 19096 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 35321 How much are you ahead in payments compared to where the build is at? Have you fully drawn down the loan? 5 11915 |