Browse Forums Home Finance Re: Broker's advice - no construction loan! 2Apr 16, 2016 8:31 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: Broker's advice - no construction loan! 11May 03, 2016 9:02 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: Broker's advice - no construction loan! 13May 03, 2016 9:48 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: Broker's advice - no construction loan! 14May 03, 2016 11:09 pm becjarrettdalton Ponzu becjarrettdalton The full approval allows you to exchange on the land as you won't find many land contracts subject to finance. Odd this, every estate sales office I visited advised I could do subject to finance. Always pays to ask though For what term? What state? Apologies I should clarify, I'm referring to a longer term clause - rather than a few days, and particularly NSW. Victoria, all estates gave a month to sort out a contract with the builder and get to the bank for review as a whole. Quotes for deposit on the land ranged between 1k and 5% 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 Broker here - legislation says that every true broker must put the clients best interests before theirs so in theory they must offer you the best options for you on their… 2 46003 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 35305 |