Browse Forums General Discussion Re: How do people manage loan repayments 2Jan 07, 2021 11:13 pm As soon as you buy if you are using finance you will be paying the loan.. you just make it work I guess. We paid repayments probably for a good year prior to actually moving in, however most of the time (for construction loans anyway) you elect to have interest only for the first twelve months which isn’t too hard IMO. Re: How do people manage loan repayments 3Jan 08, 2021 7:50 pm NathanPS As soon as you buy if you are using finance you will be paying the loan.. you just make it work I guess. We paid repayments probably for a good year prior to actually moving in, however most of the time (for construction loans anyway) you elect to have interest only for the first twelve months which isn’t too hard IMO. Yah hey i guess it will become worth it when you consider the pros of building.Thanks NathanPS 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 19114 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 35332 How much are you ahead in payments compared to where the build is at? Have you fully drawn down the loan? 5 11933 |