Browse Forums Home Finance 1 Sep 03, 2009 10:09 pm Re: Time limit for borrowing the loan amount 7Sep 05, 2009 12:07 am can someone please help me....im thinking of selling my house to my brother, at below market value. House value is about $390k. My payout figure for this mortgage is $380k. I will sell it to him at say $370k. I intend to repay the balance owing in cash upon settlement. The question is, would you deposit the balance of $10k into your loan account prior to selling, or can you pay this balance in cash to the settlement agent during settlement? how does it work? 12 March 2010 - Land titles received 3 April 2010 - Signed building contract 14 April 2010 - Prestart 28 April 2010 - Loan approved 30 June 2010 - Slab completed 27 August 2010 - Brickwork completed 22 September 2010 - Roofing completed 30 September 2010 - Internal walls plastered 12 October 2010 - Lock Up 19 November 2010 - PCI 26 November 2010 - Handover 29 December 2010 - Moved In https://forum.homeone.com.au/viewtopic.php?f=31&t=32584 In NSW the maximum deposit for building work is 5% until the builder provides HBCF insurance 1 4814 WOW you are spot on. Those trees are on council land and have already caused significant problems. A few years ago the builder had to come back and install a root barrier… 7 2370 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 19068 |