Browse Forums Home Finance Re: bank/deposit question 3Apr 25, 2009 7:59 pm Thanks for the reply and the welcome. Ive just come across this forum and have got some great ideas and info so far. I probably wasn't clear enough in my original question but my land contract was subject to financing so we are ok there (land wont title till Jun anyway), its the building part I am worried about. Just got a reply from loan officer at the bank who said he would give a letter of conditional loan offer if this would help but I dont know if this means much more than the preapproval. Would you recommend requesting it? My main concern is whether or not we will be able to get building deposit money back if this all falls through at the loan stage. How much are you ahead in payments compared to where the build is at? Have you fully drawn down the loan? 5 11893 In NSW the maximum deposit for building work is 5% until the builder provides HBCF insurance 1 4814 thank you! do we need to get this or our builder before we commence new build on the block? 2 10404 |