Browse Forums Home Finance Re: 2nd home loan 2Mar 05, 2015 8:08 am Rebecca Jarrett-Dalton Property crazy expert mortgage broker, love building new homes! Two Red Shoes mortgage broker http://www.tworedshoes.com.au/building Re: 2nd home loan 4Mar 05, 2015 3:10 pm Paddington 29 @ Blue Horizon Estate (Lot 105, Wattleridge Crescent, North Kellyville) Our Build Progress Blog: http://light487.wordpress.com/ Re: 2nd home loan 11Mar 10, 2015 3:08 pm travelbug You don't say the value of the current house so no idea on what equity you have in that house. So you have the deposit for the next purchase? Cash? Equity? Answering just these questions wont give the answer the op is looking for. The amount of information required to make a proper assesment is probably too much for a public forum. Op needs to speak with a broker. Thats all there is to it. Creator of superduperonium, expert at expert things, nobel laureate, can hold my breath for 10 minutes. 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 |