Browse Forums Home Finance Re: Construction Loan and Deposit to Builder 3Dec 11, 2019 10:42 am dga The bank will usually require you to contribute your equity first, before they pay. So you would most likely have to contribute to the next stage payment - if that's more than the rest of the 15% equity, then the bank will pay the rest. Ok great, thanks for the information. 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 19683 How are you doing Ben? Extremely interested in hearing what you are doing or plan to do! 12 15278 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 35783 |