Browse Forums Home Finance 1 Sep 03, 2009 10:09 pm home loan offer expiry clause 6Sep 04, 2009 2:39 pm ibfragalot99 Thanks for your info thlo. Hopefully my broker can speak to the bank then. Its just a worry as I often wonder if anyone at the bank truly keeps any tabs on whats going on! No problem ibfragalot99. I'm sure your broker will be able to sort it out with your home loan lender (read: bank, as they seem to be doing almost all of our home loans these days). Re: Time limit for borrowing the loan amount 7Sep 05, 2009 12:07 am can someone please help me....im thinking of selling my house to my brother, at below market value. House value is about $390k. My payout figure for this mortgage is $380k. I will sell it to him at say $370k. I intend to repay the balance owing in cash upon settlement. The question is, would you deposit the balance of $10k into your loan account prior to selling, or can you pay this balance in cash to the settlement agent during settlement? how does it work? 12 March 2010 - Land titles received 3 April 2010 - Signed building contract 14 April 2010 - Prestart 28 April 2010 - Loan approved 30 June 2010 - Slab completed 27 August 2010 - Brickwork completed 22 September 2010 - Roofing completed 30 September 2010 - Internal walls plastered 12 October 2010 - Lock Up 19 November 2010 - PCI 26 November 2010 - Handover 29 December 2010 - Moved In https://forum.homeone.com.au/viewtopic.php?f=31&t=32584 In NSW the maximum deposit for building work is 5% until the builder provides HBCF insurance 1 4821 10 3759 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 19097 |