Browse Forums Home Finance Re: Construction loan repayments 2Aug 18, 2017 1:59 pm Rebecca Jarrett-Dalton Property crazy expert mortgage broker, love building new homes! Two Red Shoes mortgage broker http://www.tworedshoes.com.au/building Re: Construction loan repayments 7Oct 06, 2017 7:32 pm You might probably know that, loan repayments are also interest only during the construction period, providing comfort and security to renovators and home builders by minimizing their repayments during an expensive, and probably stressful, time. At the end of the construction process your loan can either revert to principal and interest or you may be able to keep it as interest only. 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 19108 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 35326 How much are you ahead in payments compared to where the build is at? Have you fully drawn down the loan? 5 11927 |