Browse Forums Home Finance Re: Bank valuation on construction loan 3Nov 30, 2011 9:02 pm Michael Chan | Australia wide Mortgage Broker Michael@ShapeHomeLoans.com.au | 1300 74 5626 | Fax: 02 8212 8909 http://www.ShapeHomeLoans.com.au Re: Bank valuation on construction loan 4Nov 30, 2011 9:44 pm 13-08 Moved in 13-05 Build restart 13-04 VMIA compensation 12-08 Builder liquidation 12-03 Fixing 11-12 Lockup 11-11 Frame 11-09 Slab 11-09 Start 11-07 Contract 10-11 2K deposit 10-06 Titled land Re: Bank valuation on construction loan 5Dec 01, 2011 7:43 pm 5.5m Terrace House - Lightsview (Northgate SA) Moved in!! - 22 February 2013 /viewtopic.php?f=31&t=53455 Re: Bank valuation on construction loan 6Dec 01, 2011 9:09 pm Michael Chan | Australia wide Mortgage Broker Michael@ShapeHomeLoans.com.au | 1300 74 5626 | Fax: 02 8212 8909 http://www.ShapeHomeLoans.com.au Re: Bank valuation on construction loan 7Dec 02, 2011 12:04 pm 5.5m Terrace House - Lightsview (Northgate SA) Moved in!! - 22 February 2013 /viewtopic.php?f=31&t=53455 Re: Bank valuation on construction loan 9Dec 02, 2011 12:55 pm 5.5m Terrace House - Lightsview (Northgate SA) Moved in!! - 22 February 2013 /viewtopic.php?f=31&t=53455 Re: Bank valuation on construction loan 11Dec 04, 2011 6:58 pm Michael Chan | Australia wide Mortgage Broker Michael@ShapeHomeLoans.com.au | 1300 74 5626 | Fax: 02 8212 8909 http://www.ShapeHomeLoans.com.au Re: Bank valuation on construction loan 12Dec 04, 2011 9:39 pm 5.5m Terrace House - Lightsview (Northgate SA) Moved in!! - 22 February 2013 /viewtopic.php?f=31&t=53455 Re: Bank valuation on construction loan 13Dec 05, 2011 9:44 am upgrades do not normally bring up the value of your "construction". land value + dwelling type is what the bank consider. you can build a double storey with either a small laminate benchtop or a grand granite benchtop, valuation will come back almost exactly the same. when time come to sell, your dwelling type, dwelling structure, dwelling surrounding environment, + your block of land are considered, your granite benchtop will be ignored again. 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 18897 How much are you ahead in payments compared to where the build is at? Have you fully drawn down the loan? 5 11893 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 35192 |